Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX+0.072%7-day average −0.017% · 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−$60as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.128%−$13 · spread now +0.072%, 7d avg −0.017%

Together, before fees−0.128%−$13 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: Bitget is 0.090% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06918	0.0100	pay 0.0050% / 4h	1h 37m	—	$2.4M	—
Short	Bitget SKYUSDT	0.06923	0.0100	get 0.0050% / 4h	1h 37m	$2.9M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → −0.017%: $8.98
Slippage, 4 orders: −$46.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.95
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bitget: live order book, 5 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, 11 min ago	3.62 bp	18.1 bp −$18	48.5 bp −$485	268.8 bp −$26.9K	1028.8 bp −$514.4K
Sell Bitget live order book, 5 min ago	5.77 bp	16.5 bp −$17	51.3 bp −$513	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
Variational Omni SKY	−0.0401%	4h	0.06912	−0.085%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0077%	4h	0.06911	−0.101%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.672%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06922	+0.062%	$180K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06922	+0.065%	$70K	$29K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06923	+0.066%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06923	+0.066%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06919	+0.014%	$827K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06923	+0.072%	$594K	$277K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06922	+0.058%	$1.0M	$271K	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	0.06925	+0.101%	$412K	$295K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.06923	+0.072%	$2.9M	$1.6M	75x
BingX SKY-USDTlong	+0.0100%	4h	0.06918	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06934	+0.231%	$28K	$665K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06923	+0.078%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0112%	4h	0.06919	+0.014%	$587K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06921	+0.051%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0897%	1h	0.06938	+0.292%	$2.9M	$913K	3x	as long as short