Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.065%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.065%−$7 · spread now +0.065%, 7d avg +0.044%

Together, before fees−0.065%−$7 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: Binance is 0.022% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.07203	0.0100	pay 0.0050% / 4h	2h 21m	—	$2.4M	—
Short	Binance SKYUSDT	0.07208	0.0100	get 0.0050% / 4h	2h 21m	$16.6M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.044%: $2.18
Slippage, 4 orders: −$49.33
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.15
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Binance: live order book, 4 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, 7 min ago	3.48 bp	17.9 bp −$18	52.5 bp −$525	279.7 bp −$28.0K	983.3 bp −$491.7K
Sell Binance live order book, 4 min ago	0.69 bp	15.2 bp −$15	52.5 bp −$525	323.0 bp −$32.3K	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
Variational Omni SKY	−0.0577%	4h	0.07197	−0.080%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0113%	4h	0.07194	−0.125%	$7.9M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	−0.056%	$393	$222K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07207	+0.054%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07204	+0.014%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07208	+0.069%	$43K	$36K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.07208	+0.065%	$16.6M	$9.5M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07194	−0.125%	$871K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07193	−0.139%	$618K	$254K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07206	+0.042%	$1.1M	$281K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07188	−0.208%	$442K	$287K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07205	+0.028%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.07203	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.07203	0.000%	$20K	$685K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07204	+0.015%	$699	$2K	10x	as long as short
BloFin SKY-USDT	+0.0136%	4h	0.07206	+0.042%	$608K	$610K	75x	as long as short
Hyperliquid SKY	+0.0376%	1h	0.07218	+0.208%	$3.1M	$904K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0533% / S −0.0248%	1h	0.07204	+0.019%	$85K	—	50x	as long as short