Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.038%

Price spread now: GMX against Aster−0.028%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 GMX

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 days—no price history on both exchanges yet

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

Funding pays, the price is against you. GMX is 0.028% cheaper against Aster than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKYUSDT	0.06850	0.0100	pay 0.0050% / 4h	2h 12m	$42K	$42K	20x
Short	GMX SKY/USD [ETH-USDC]	0.06849	L +0.0521% / S −0.0248%	get 0.0031% / 1h	12m 27s	$81K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $31.01
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $8.24
Costs to cover: 0.200%
Break-even: 5.1 days

Slippage unknown: Aster: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.620%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0034%	4h	0.06826	−0.352%	$182K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06848	−0.032%	$179K	$119K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06847	−0.055%	$71K	$34K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06857	+0.102%	$2.8M	$899K	3x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06850	long leg	$42K	$42K	20x
Binance SKYUSDT	+0.0100%	4h	0.06850	−0.008%	$15.6M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06843	−0.109%	$7.1M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06840	−0.153%	$804K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06835	−0.226%	$582K	$293K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06850	−0.007%	$1.0M	$268K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06849	−0.022%	$402K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06846	−0.066%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06848	−0.036%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06840	−0.153%	$27K	$646K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06850	0.000%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0153%	4h	0.06843	−0.109%	$575K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0521% / S −0.0248%	1h	0.06849	−0.028%	$81K	—	50x