Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.038%

Price spread now: GMX against Binance+0.001%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance 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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.07198	0.0100	pay 0.0050% / 4h	2h 02m	$16.6M	$9.5M	75x
Short	GMX SKY/USD [ETH-USDC]	0.07199	L +0.0534% / S −0.0248%	get 0.0031% / 1h	2m 57s	$85K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $31.01
Price spread: +0.001% → 0.000%: $0.14
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.15
Costs to cover: 0.220%
Break-even: 4.9 days

Slippage unknown: Binance: live order book, 8 min ago; 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 Binance live order book, 8 min ago	0.69 bp	15.5 bp −$16	55.2 bp −$552	349.6 bp −$35.0K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Variational Omni SKY	−0.0521%	4h	0.07189	−0.129%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0137%	4h	0.07185	−0.188%	$7.9M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07197	−0.021%	$393	$260K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07198	−0.004%	$189K	$163K	10x	as long as short
BloFin SKY-USDT	+0.0098%	4h	0.07192	−0.090%	$608K	$609K	75x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07198	0.000%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07200	+0.017%	$43K	$36K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.07198	long leg	$16.6M	$9.5M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07192	−0.090%	$870K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07195	−0.049%	$618K	$254K	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	0.07198	−0.007%	$1.1M	$284K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07185	−0.188%	$442K	$287K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07198	−0.007%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07193	−0.076%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07199	+0.007%	$20K	$689K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07200	+0.018%	$698	$2K	10x	as long as short
Hyperliquid SKY	+0.0355%	1h	0.07210	+0.154%	$3.0M	$905K	3x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0534% / S −0.0248%	1h	0.07199	+0.001%	$85K	—	50x