Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.18 per $10,000 · paid last 24h +0.038%
Price spread now: GMX against ApeX Omni+0.284%68s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.284% dearer against ApeX Omni than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SKYUSDT0.070800.0100pay 0.0013% / 1h5m 43s$20K$684K50x
ShortGMX SKY/USD [ETH-USDC]0.07100L +0.0528% / S −0.0248%get 0.0031% / 1h5m 43s$84K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$31.01
Price spread: +0.284% → 0.000%
$28.39
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$37.4
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 13 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 13 min ago8.46 bp16.7 bp −$17122.2 bp −$1,222doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0635%4h0.07071−0.126%$194K$104Kas long as short
Bybit SKYUSDT−0.0282%4h0.07085+0.071%$7.7M$3.4M25xas long as short
Injective SKY/USDC PERP+0.0014%1h0.07172+1.299%$392$303K12xas long as short
Nado SKY-PERP+0.0059%1h0.07097+0.240%$70K$26K5xas long as short
Lighter SKY+0.0096%1h0.07096+0.225%$186K$163K10xas long as short
Aster SKYUSDT+0.0100%4h0.07095+0.215%$43K$36K20xas long as short
Binance SKYUSDT+0.0100%4h0.07096+0.229%$16.2M$10.3M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07092+0.169%$854K$1.4M20xas long as short
Gate SKY_USDT+0.0100%4h0.07082+0.028%$605K$261K50xas long as short
MEXC SKY_USDT+0.0100%4h0.07097+0.240%$1.1M$289K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.07090+0.141%$429K$289K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07096+0.226%$2.9M$2.1M75xas long as short
BingX SKY-USDT+0.0100%4h0.07093+0.184%$2.4Mas long as short
ApeX Omni SKYUSDTlong+0.0100%1h0.07080long leg$20K$684K50x
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07099+0.271%$1K$2K10xas long as short
BloFin SKY-USDT+0.0147%4h0.07076−0.056%$591K$29K75xas long as short
Hyperliquid SKY+0.0307%1h0.07109+0.407%$3.0M$928K3xas long as short
GMX SKY/USD [ETH-USDC]shortL +0.0528% / S −0.0248%1h0.07100+0.284%$84K50x