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: Aster against Bitget+0.108%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.108% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06837	0.0100	pay 0.0050% / 4h	0m 05s	$2.8M	$1.5M	75x
Short	Aster SKYUSDT	0.06844	0.0100	get 0.0050% / 4h	0m 05s	$41K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → 0.000%: $10.82
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.18
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Aster: 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 Bitget live order book, 2 min ago	5.12 bp	20.8 bp −$21	54.0 bp −$540	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Variational Omni SKY	−0.0146%	4h	0.06830	−0.098%	$182K	$113K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.819%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0044%	4h	0.06836	−0.015%	$581K	$29K	75x	as long as short
Nado SKY-PERP	+0.0093%	1h	0.06839	+0.022%	$75K	$31K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.06838	+0.019%	$178K	$177K	10x	as long as short
Aster SKYUSDTshort	+0.0100%	4h	0.06844	+0.108%	$41K	$42K	20x
Binance SKYUSDT	+0.0100%	4h	0.06835	−0.032%	$15.6M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06830	−0.102%	$7.1M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06831	−0.088%	$814K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06837	0.000%	$592K	$273K	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	0.06838	+0.015%	$1.0M	$266K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06840	+0.044%	$402K	$291K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.06837	long leg	$2.8M	$1.5M	75x
BingX SKY-USDT	+0.0100%	4h	0.06836	−0.015%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06841	+0.059%	$27K	$657K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06841	+0.056%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0349%	1h	0.06843	+0.092%	$2.8M	$911K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0520% / S −0.0248%	1h	0.06836	−0.016%	$81K	—	50x	as long as short