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 0.000%

Price spread now: KuCoin against Bitget+0.015%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$433as in the Funding arb table

Net, price: spread back to 7d avg − costs−$428as in the Price arb table

costs, in and out, $10k−$4334.326% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.015%, 7d avg −0.032%

Together, before fees+0.073%+$7 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: KuCoin is 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06850	0.0100	pay 0.0050% / 4h	3h 22m	$2.8M	$1.5M	75x
Short	KuCoin SKYUSDTM	0.06851	0.0100	get 0.0050% / 4h	3h 22m	$403K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.032%: $4.63
Slippage, 4 orders: −$408.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$428.02
Costs to cover: 4.326%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 50 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	5.11 bp	21.8 bp −$22	54.6 bp −$546	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	21.11 bp	210.8 bp −$211	266.4 bp −$2,664	doesn't fit	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
Injective SKY/USDC PERP	−0.0269%	1h	0.06893	+0.628%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0096%	4h	0.06841	−0.135%	$183K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06851	+0.010%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06852	+0.026%	$75K	$32K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06851	+0.012%	$41K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06847	−0.041%	$15.6M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06838	−0.175%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06846	−0.058%	$818K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06850	0.000%	$593K	$271K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06848	−0.029%	$1.0M	$265K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTMshort	+0.0100%	4h	0.06851	+0.015%	$403K	$292K	50x
Bitget SKYUSDTlong	+0.0100%	4h	0.06850	long leg	$2.8M	$1.5M	75x
BingX SKY-USDT	+0.0100%	4h	0.06844	−0.088%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06853	+0.044%	$27K	$652K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06853	+0.041%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0160%	4h	0.06851	+0.015%	$582K	$29K	75x	as long as short
Hyperliquid SKY	+0.0245%	1h	0.06861	+0.168%	$2.8M	$907K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06851	+0.016%	$81K	—	50x	as long as short