Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%

Price spread now: Bybit against ApeX Omni+0.116%7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.380%−$38 · spread now +0.116%, 7d avg −0.104%

Together, before fees−0.356%−$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.221% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.06879	0.0100	pay 0.0013% / 1h	5m 36s	$26K	$645K	50x
Short	Bybit SKYUSDT	0.06887	0.0100	get 0.0050% / 4h	1h 05m	$7.2M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → −0.104%: $22.07
Slippage, 4 orders: −$40.44
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.37
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 37 min ago	9.47 bp	17.1 bp −$17	92.3 bp −$923	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.91 bp	11.7 bp −$12	13.9 bp −$139	doesn't fit	doesn't fit

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.204%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0067%	4h	0.06887	+0.116%	$582K	$31K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06888	+0.129%	$180K	$117K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06888	+0.134%	$72K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06888	+0.124%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06888	+0.129%	$15.6M	$11.1M	75x	as long as short
Bybit SKYUSDTshort	+0.0100%	4h	0.06887	+0.116%	$7.2M	$3.1M	25x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06882	+0.044%	$805K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06877	−0.029%	$586K	$287K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06888	+0.131%	$1.0M	$270K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06884	+0.073%	$403K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06889	+0.145%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06885	+0.087%	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06886	+0.099%	$184K	$98K	—	as long as short
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.06879	long leg	$26K	$645K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06892	+0.183%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0182%	1h	0.06900	+0.307%	$2.8M	$867K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06892	+0.182%	$82K	—	50x	as long as short