Funding arb · Price arb /

SKY

all SKY markets

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: MEXC against BingX0.000%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.016%+$2 · spread now 0.000%, 7d avg +0.037%

Together, before fees+0.016%+$2 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: MEXC is 0.037% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06965	0.0100	pay 0.0050% / 4h	2h 44m	—	$2.4M	—
Short	MEXC SKY_USDT	0.06965	0.0100	get 0.0050% / 4h	2h 44m	$1.0M	$269K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.037%: −$3.7
Slippage, 4 orders: −$37.69
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$55.38
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 6 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, 4 min ago	3.58 bp	20.1 bp −$20	53.5 bp −$535	266.1 bp −$26.6K	974.3 bp −$487.1K
Sell MEXC live order book, 6 min ago	1.43 bp	8.7 bp −$9	73.1 bp −$731	283.8 bp −$28.4K	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	−0.0488%	4h	0.06962	−0.044%	$201K	$118K	—	as long as short
Bybit SKYUSDT	−0.0124%	4h	0.06956	−0.129%	$7.4M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.972%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0080%	4h	0.06993	+0.402%	$596K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06966	+0.019%	$182K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06964	−0.007%	$70K	$28K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06976	+0.158%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06961	−0.064%	$16.0M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06960	−0.072%	$834K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06974	+0.129%	$585K	$263K	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_USDTshort	+0.0100%	4h	0.06965	0.000%	$1.0M	$269K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06979	+0.201%	$412K	$294K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06962	−0.043%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.06965	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06970	+0.072%	$24K	$678K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06971	+0.089%	$935	$3K	10x	as long as short
Hyperliquid SKY	+0.0236%	1h	0.06979	+0.208%	$2.9M	$909K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0525% / S −0.0248%	1h	0.06967	+0.026%	$83K	—	50x	as long as short