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% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX−0.308%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+1.116%+$112 · spread now −0.308%, 7d avg +0.068%

Together, before fees+1.003%+$100 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 0.376% cheaper against BingX than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06811	0.0100	pay 0.0050% / 4h	19m 08s	—	$2.5M	—
Short	ApeX Omni SKYUSDT	0.06790	0.0100	get 0.0013% / 1h	19m 08s	$27K	$648K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.308%Rate

Funding earned: $0
Price spread: −0.308% → +0.068%: −$37.62
Slippage, 4 orders: −$50.11
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$107.74
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; ApeX Omni: live order book, 19 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 BingX live order book, 5 min ago	3.69 bp	17.4 bp −$17	52.4 bp −$524	286.1 bp −$28.6K	1023.2 bp −$511.6K
Sell ApeX Omni live order book, 19 min ago	6.63 bp	15.6 bp −$16	98.0 bp −$980	doesn't fit	doesn't fit

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	+1.204%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06811	0.000%	$179K	$107K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06810	−0.007%	$70K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06809	−0.026%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06812	+0.015%	$15.4M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06808	−0.044%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06807	−0.059%	$796K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06794	−0.250%	$577K	$291K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06813	+0.029%	$1.0M	$274K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06797	−0.206%	$398K	$292K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.06811	0.000%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.06811	long leg	—	$2.5M	—
Variational Omni SKY	+0.0100%	4h	0.06783	−0.407%	$181K	$98K	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06790	−0.308%	$27K	$648K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06808	−0.041%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0120%	4h	0.06803	−0.117%	$580K	$28K	75x	as long as short
Hyperliquid SKY	+0.0137%	1h	0.06821	+0.154%	$2.8M	$861K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0521% / S −0.0248%	1h	0.06812	+0.018%	$81K	—	50x	as long as short