Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Orderly against BingX−0.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06865	0.0100	pay 0.0050% / 4h	3h 29m	—	$2.4M	—
Short	Orderly PERP_SKY_USDC_mythos	0.06864	0.0100	get 0.0050% / 4h	3h 29m	$1K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.87
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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	3.65 bp	19.3 bp −$19	51.5 bp −$515	263.1 bp −$26.3K	1007.0 bp −$503.5K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0269%	1h	0.06893	+0.408%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0079%	4h	0.06869	+0.063%	$183K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06866	+0.009%	$179K	$139K	10x	as long as short
BloFin SKY-USDT	+0.0097%	4h	0.06865	0.000%	$582K	$29K	75x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06866	+0.018%	$76K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06869	+0.064%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06866	+0.022%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06859	−0.087%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06857	−0.117%	$819K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06865	0.000%	$595K	$270K	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_USDT	+0.0100%	4h	0.06866	+0.015%	$1.0M	$265K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06860	−0.073%	$404K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06866	+0.015%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.06865	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06874	+0.131%	$27K	$652K	50x	as long as short
Orderly PERP_SKY_USDC_mythosshort	+0.0100%	4h	0.06864	−0.009%	$1K	$3K	10x
Hyperliquid SKY	+0.0233%	1h	0.06878	+0.184%	$2.8M	$909K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06864	−0.016%	$81K	—	50x	as long as short