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

SKY

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.226%
Price spread now: Hyperliquid against Aster+0.123%7-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 7 days+0.480%+$48 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.123% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SKYUSDT0.070660.0100pay 0.0050% / 4h29m 03s$42K$43K20x
ShortHyperliquid SKY0.070750.0224get 0.0028% / 1h29m 03s$3.0M$903K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$26.01
Price spread: +0.123% → 0.000%
$12.29
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$21.3
Costs to cover
0.170%
Break-even
1.3 days
Slippage unknown: Aster: no order-book sample; Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 2 min ago2.62 bp18.1 bp −$18doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0641%4h0.07055−0.165%$194K$104Kas long as short
Bybit SKYUSDT−0.0258%4h0.07051−0.217%$7.6M$3.3M25xas long as short
BloFin SKY-USDT+0.0079%4h0.07065−0.019%$590K$29K75xas long as short
Lighter SKY+0.0096%1h0.07064−0.030%$185K$155K10xas long as short
Nado SKY-PERP+0.0100%1h0.07060−0.093%$70K$25K5xas long as short
Aster SKYUSDTlong+0.0100%4h0.07066long leg$42K$43K20x
Binance SKYUSDT+0.0100%4h0.07064−0.033%$16.0M$10.3M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07057−0.132%$848K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07054−0.174%$601K$255K50xas long as short
MEXC SKY_USDT+0.0100%4h0.07064−0.033%$1.1M$286K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.07065−0.019%$423K$290K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07062−0.061%$2.9M$1.7M75xas long as short
BingX SKY-USDT+0.0100%4h0.07060−0.089%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07072+0.080%$20K$679K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07063−0.047%$1K$2K10xas long as short
Injective SKY/USDC PERP+0.0158%1h0.07172+1.496%$392$303K12xas long as short
Hyperliquid SKYshort+0.0224%1h0.07075+0.123%$3.0M$903K3x
GMX SKY/USD [ETH-USDC]L +0.0527% / S −0.0248%1h0.07060−0.088%$84K50xas long as short