Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h +0.003%

Price spread now: ApeX Omni against BloFin+0.082%7-day average −0.003% · 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−$60as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now +0.082%, 7d avg −0.003%

Together, before fees+0.022%+$2 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 0.086% dearer against BloFin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SKY-USDT	0.07278	0.0093	pay 0.0047% / 4h	3h 32m	$617K	$615K	75x
Short	ApeX Omni SKYUSDT	0.07284	0.0100	get 0.0013% / 1h	32m 27s	$20K	$684K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.082%Rate

Funding earned: $1.42
Price spread: +0.082% → −0.003%: $8.58
Slippage, 4 orders: −$46.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$58.99
Costs to cover: 0.690%
Break-even: 298.4 days

Slippage from BloFin: live order book, 14 min ago; ApeX Omni: live order book, 16 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 BloFin live order book, 14 min ago	0.69 bp	18.3 bp −$18	34.4 bp −$344	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	7.59 bp	15.5 bp −$16	112.5 bp −$1,125	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	−0.0547%	4h	0.07270	−0.115%	$209K	$94K	—	as long as short
BloFin SKY-USDTlong	+0.0093%	4h	0.07278	long leg	$617K	$615K	75x
Lighter SKY	+0.0096%	1h	0.07292	+0.188%	$191K	$162K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07289	+0.148%	$72K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07288	+0.143%	$44K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07287	+0.123%	$16.9M	$9.5M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.07274	−0.055%	$8.1M	$3.3M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07281	+0.041%	$885K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07276	−0.027%	$619K	$248K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07286	+0.110%	$1.1M	$276K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07255	−0.316%	$446K	$287K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07286	+0.110%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07280	+0.027%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.07284	+0.082%	$20K	$684K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07282	+0.051%	$706	$2K	10x	as long as short
Injective SKY/USDC PERP	+0.0163%	1h	0.07254	−0.330%	$396	$184K	12x	as long as short
Hyperliquid SKY	+0.0441%	1h	0.07292	+0.194%	$3.1M	$893K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07284	+0.080%	$86K	—	50x	as long as short