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: MEXC against Bitget+0.028%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.027%+$3 · spread now +0.028%, 7d avg +0.055%

Together, before fees+0.027%+$3 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: MEXC is 0.027% 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 +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.07051	0.0100	pay 0.0050% / 4h	26m 41s	$2.9M	$1.7M	75x
Short	MEXC SKY_USDT	0.07053	0.0100	get 0.0050% / 4h	26m 41s	$1.1M	$286K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.055%: −$2.66
Slippage, 4 orders: −$35.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$54.49
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; MEXC: live order book, 4 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	3.54 bp	17.2 bp −$17	57.4 bp −$574	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.71 bp	9.6 bp −$10	70.8 bp −$708	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
Variational Omni SKY	−0.0641%	4h	0.07055	+0.052%	$194K	$104K	—	as long as short
Bybit SKYUSDT	−0.0266%	4h	0.07039	−0.170%	$7.6M	$3.3M	25x	as long as short
Nado SKY-PERP	+0.0092%	1h	0.07051	+0.007%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07053	+0.031%	$185K	$155K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07056	+0.068%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07053	+0.025%	$16.0M	$10.2M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07047	−0.057%	$848K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07044	−0.099%	$600K	$256K	50x	as long as short
MEXC SKY_USDTshort	+0.0100%	4h	0.07053	+0.028%	$1.1M	$286K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.07056	+0.071%	$421K	$291K	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	0.07051	long leg	$2.9M	$1.7M	75x
BingX SKY-USDT	+0.0100%	4h	0.07047	−0.057%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07062	+0.156%	$19K	$678K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07057	+0.078%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0131%	4h	0.07065	+0.199%	$591K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.716%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0217%	1h	0.07064	+0.182%	$3.0M	$903K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07054	+0.048%	$84K	—	50x	as long as short