Funding arb · Price arb /

SKY

all SKY markets

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 0.000%

Price spread now: BingX against Binance−0.012%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$790.785% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.012%, 7d avg −0.045%

Together, before fees−0.012%−$1 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: BingX is 0.033% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06851	0.0100	pay 0.0050% / 4h	2h 12m	$15.6M	$11.1M	75x
Short	BingX SKY-USDT	0.06850	0.0100	get 0.0050% / 4h	2h 12m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → −0.045%: $3.35
Slippage, 4 orders: −$58.54
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.19
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 7 min ago.

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 Binance live order book, 14 min ago	1.47 bp	18.7 bp −$19	62.5 bp −$625	369.8 bp −$37.0K	doesn't fit
Sell BingX live order book, 7 min ago	3.66 bp	18.5 bp −$18	61.7 bp −$617	258.4 bp −$25.8K	840.2 bp −$420.1K

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	+0.616%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0034%	4h	0.06826	−0.357%	$182K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06849	−0.028%	$179K	$119K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06847	−0.059%	$71K	$34K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06860	+0.131%	$2.8M	$899K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06850	−0.005%	$42K	$42K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06851	long leg	$15.6M	$11.1M	75x
Bybit SKYUSDT	+0.0100%	4h	0.06845	−0.085%	$7.1M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06847	−0.056%	$806K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06836	−0.216%	$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	0.06851	+0.003%	$1.0M	$268K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06849	−0.027%	$402K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06847	−0.056%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.06850	−0.012%	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06840	−0.158%	$27K	$646K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06850	−0.005%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0153%	4h	0.06843	−0.114%	$575K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0521% / S −0.0248%	1h	0.06849	−0.032%	$81K	—	50x	as long as short