Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%

Price spread now: Bybit against Aster−0.223%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.223% cheaper against Aster than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKYUSDT	0.06845	0.0100	pay 0.0050% / 4h	1h 36m	$42K	$44K	20x
Short	Bybit SKYUSDT	0.06830	0.0100	get 0.0050% / 4h	1h 36m	$7.1M	$3.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.223%Rate

Funding earned: $0
Price spread: −0.223% → 0.000%: −$22.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.34
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	2.92 bp	28.3 bp −$28	161.9 bp −$1,619	doesn't fit	doesn't fit

Aster: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.697%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0059%	4h	0.06859	+0.205%	$183K	$98K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06840	−0.070%	$179K	$117K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06836	−0.136%	$71K	$31K	5x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06845	long leg	$42K	$44K	20x
Binance SKYUSDT	+0.0100%	4h	0.06836	−0.136%	$15.5M	$11.2M	75x	as long as short
Bybit SKYUSDTshort	+0.0100%	4h	0.06830	−0.223%	$7.1M	$3.0M	25x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06831	−0.209%	$797K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06839	−0.092%	$583K	$287K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06836	−0.136%	$997K	$266K	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	0.06842	−0.048%	$401K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06837	−0.121%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06834	−0.165%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06868	+0.332%	$26K	$645K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06840	−0.080%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0101%	4h	0.06867	+0.317%	$582K	$29K	75x	as long as short
Hyperliquid SKY	+0.0116%	1h	0.06847	+0.023%	$2.8M	$882K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06834	−0.164%	$81K	—	50x	as long as short