Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.226%
Price spread now: Hyperliquid against BingX+0.209%7-day average +0.198% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.404%+$40 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.209%, 7d avg +0.198%
Together, before fees+0.358%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.198%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SKY-USDT0.070460.0100pay 0.0050% / 4h5m 23s$2.4M
ShortHyperliquid SKY0.070610.0215get 0.0027% / 1h5m 23s$3.0M$889K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$24.1
Price spread: +0.209% → +0.198%
$1.1
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$6.2
Costs to cover
0.190%
Break-even
5.2 days
Slippage unknown: BingX: live order book, 3 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago2.84 bp15.0 bp −$1551.2 bp −$512245.4 bp −$24.5K937.5 bp −$468.7K
Sell Hyperliquid live order book, 6 min ago3.68 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0679%4h0.07035−0.155%$193K$104Kas long as short
Bybit SKYUSDT−0.0210%4h0.07041−0.071%$7.6M$3.3M25xas long as short
Nado SKY-PERP+0.0065%1h0.07045−0.014%$70K$25K5xas long as short
BloFin SKY-USDT+0.0090%4h0.07051+0.071%$586K$30K75xas long as short
Lighter SKY+0.0096%1h0.07053+0.097%$189K$160K10xas long as short
Aster SKYUSDT+0.0100%4h0.07048+0.027%$42K$43K20xas long as short
Binance SKYUSDT+0.0100%4h0.07049+0.044%$16.0M$10.2M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07044−0.028%$849K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07040−0.085%$602K$259K50xas long as short
MEXC SKY_USDT+0.0100%4h0.07049+0.043%$1.1M$288K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.07042−0.057%$420K$290K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07048+0.028%$2.9M$1.6M75xas long as short
BingX SKY-USDTlong+0.0100%4h0.07046long leg$2.4M
ApeX Omni SKYUSDT+0.0100%1h0.07044−0.028%$22K$679K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07049+0.044%$1K$2K10xas long as short
Injective SKY/USDC PERP+0.0158%1h0.07172+1.788%$392$303K12xas long as short
Hyperliquid SKYshort+0.0215%1h0.07061+0.209%$3.0M$889K3x
GMX SKY/USD [ETH-USDC]L +0.0527% / S −0.0248%1h0.07050+0.061%$84K50xas long as short