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

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Binance−0.081%79s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$670.674% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 4 days (all we have)+0.692%+$69 · spread now −0.081%, 7d avg +0.020%
Together, before fees+0.576%+$58 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.101% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SKYUSDT0.069160.0100pay 0.0050% / 4h1h 08m$15.8M$10.9M75x
ShortApeX Omni SKYUSDT0.069100.0100get 0.0013% / 1h8m 15s$27K$663K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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
$0
Price spread: −0.081% → +0.020%
−$10.07
Slippage, 4 orders
−$47.43
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$77.5
Costs to cover
0.674%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; ApeX Omni: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago0.72 bp16.2 bp −$1659.0 bp −$590355.3 bp −$35.5Kdoesn't fit
Sell ApeX Omni live order book, 55 min ago9.40 bp17.0 bp −$17102.8 bp −$1,028doesn't fitdoesn't fit

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−0.0343%4h0.06905−0.158%$184K$115Kas long as short
Bybit SKYUSDT+0.0008%4h0.06906−0.139%$7.2M$3.2M25xas long as short
Injective SKY/USDC PERP+0.0033%1h0.07172+3.708%$392$303K12xas long as short
Lighter SKY+0.0096%1h0.06911−0.061%$180K$177K10xas long as short
Nado SKY-PERP+0.0100%1h0.06910−0.084%$73K$30K5xas long as short
Aster SKYUSDT+0.0100%4h0.06913−0.036%$42K$43K20xas long as short
Binance SKYUSDTlong+0.0100%4h0.06916long leg$15.8M$10.9M75x
OKX SKY-USDT-SWAP+0.0100%4h0.06908−0.110%$820K$1.2M20xas long as short
Gate SKY_USDT+0.0100%4h0.06907−0.124%$600K$287K50xas long as short
MEXC SKY_USDT+0.0100%4h0.06915−0.008%$1.0M$273K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.06909−0.095%$406K$292K50xas long as short
Bitget SKYUSDT+0.0100%4h0.06913−0.037%$2.9M$1.5M75xas long as short
BingX SKY-USDT+0.0100%4h0.06907−0.124%$2.4Mas long as short
ApeX Omni SKYUSDTshort+0.0100%1h0.06910−0.081%$27K$663K50x
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.069160.000%$1K$3K10xas long as short
BloFin SKY-USDT+0.0108%4h0.06920+0.064%$588K$29K75xas long as short
Hyperliquid SKY+0.0517%1h0.06920+0.064%$2.8M$927K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0523% / S −0.0248%1h0.06909−0.098%$82K50xas long as short