Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget0.000%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.822%+$82 · spread now 0.000%, 7d avg +0.070%

Together, before fees+0.706%+$71 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: ApeX Omni is 0.070% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06913	0.0100	pay 0.0050% / 4h	2h 02m	$2.9M	$1.6M	75x
Short	ApeX Omni SKYUSDT	0.06913	0.0100	get 0.0013% / 1h	2m 58s	$28K	$666K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.070%: −$6.97
Slippage, 4 orders: −$45.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$74.53
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 65 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 Bitget live order book, 5 min ago	6.51 bp	20.9 bp −$21	58.3 bp −$583	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	6.40 bp	15.4 bp −$15	104.1 bp −$1,041	doesn't fit	doesn't fit

SKY on 17 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	−0.0456%	4h	0.06901	−0.169%	$184K	$126K	—	as long as short
Bybit SKYUSDT	−0.0086%	4h	0.06907	−0.087%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.747%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06911	−0.025%	$180K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06915	+0.036%	$69K	$28K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06917	+0.054%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06915	+0.022%	$15.8M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06912	−0.014%	$826K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06911	−0.029%	$593K	$283K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06915	+0.029%	$1.0M	$287K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06918	+0.072%	$412K	$294K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.06913	long leg	$2.9M	$1.6M	75x
BingX SKY-USDT	+0.0100%	4h	0.06911	−0.029%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06913	0.000%	$28K	$666K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06916	+0.046%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0116%	1h	0.06929	+0.237%	$2.9M	$925K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06913	−0.003%	$82K	—	50x	as long as short