Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.037%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$800.795% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.011%+$1 · spread now +0.037%, 7d avg +0.063%

Together, before fees+0.011%+$1 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: Binance is 0.026% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.07052	0.0100	pay 0.0050% / 4h	1m 15s	$2.9M	$1.6M	75x
Short	Binance SKYUSDT	0.07055	0.0100	get 0.0050% / 4h	1m 15s	$16.0M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.063%: −$2.61
Slippage, 4 orders: −$57.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$82.16
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Binance: live order book, 9 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, 6 min ago	2.84 bp	25.7 bp −$26	60.7 bp −$607	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.71 bp	17.3 bp −$17	62.1 bp −$621	321.4 bp −$32.1K	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	−0.0643%	4h	0.07042	−0.141%	$193K	$104K	—	as long as short
Bybit SKYUSDT	−0.0170%	4h	0.07044	−0.113%	$7.6M	$3.3M	25x	as long as short
Nado SKY-PERP	+0.0064%	1h	0.07050	−0.032%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07057	+0.065%	$189K	$160K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07053	+0.015%	$42K	$43K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.07055	+0.037%	$16.0M	$10.2M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07048	−0.057%	$850K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07048	−0.057%	$603K	$259K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07055	+0.043%	$1.1M	$288K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07041	−0.156%	$420K	$290K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDTlong	+0.0100%	4h	0.07052	long leg	$2.9M	$1.6M	75x
BingX SKY-USDT	+0.0100%	4h	0.07051	−0.014%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07054	+0.028%	$22K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07054	+0.030%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0110%	4h	0.07050	−0.028%	$586K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.702%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0220%	1h	0.07064	+0.170%	$3.0M	$889K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07054	+0.028%	$84K	—	50x	as long as short