Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster−0.032%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 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: Gate is 0.032% cheaper against Aster than usual: you would sell low and buy high, −$3 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	0.06929	0.0100	pay 0.0050% / 4h	1h 40m	$42K	$43K	20x
Short	Gate SKY_USDT	0.06927	0.0100	get 0.0050% / 4h	1h 40m	$594K	$277K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → 0.000%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.17
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 21 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 Gate live order book, 21 min ago	4.34 bp	25.9 bp −$26	doesn't fit	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
Variational Omni SKY	−0.0401%	4h	0.06912	−0.246%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0077%	4h	0.06923	−0.089%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.504%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06925	−0.065%	$181K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06929	−0.003%	$70K	$29K	5x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06929	long leg	$42K	$43K	20x
Binance SKYUSDT	+0.0100%	4h	0.06931	+0.032%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06928	−0.017%	$828K	$1.2M	20x	as long as short
Gate SKY_USDTshort	+0.0100%	4h	0.06927	−0.032%	$594K	$277K	50x
MEXC SKY_USDT	+0.0100%	4h	0.06932	+0.040%	$1.0M	$271K	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	0.06932	+0.040%	$413K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06933	+0.055%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06927	−0.032%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06934	+0.069%	$28K	$665K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06931	+0.022%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0147%	4h	0.06919	−0.147%	$587K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06928	−0.024%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0872%	1h	0.06945	+0.222%	$2.9M	$937K	3x	as long as short