Funding arb · Price arb /

SKY

all SKY markets

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 +0.023%

Price spread now: MEXC against Bybit+0.131%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$800.800% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.131%, 7d avg +0.046%

Together, before fees−0.019%−$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: MEXC is 0.085% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKYUSDT	0.06851	0.0100	pay 0.0050% / 4h	3h 20m	$7.2M	$3.2M	25x
Short	MEXC SKY_USDT	0.06860	0.0100	get 0.0050% / 4h	3h 20m	$1.0M	$266K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.046%: $8.51
Slippage, 4 orders: −$65.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$71.5
Costs to cover: 0.800%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 5 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 Bybit live order book, 2 min ago	1.46 bp	31.7 bp −$32	293.6 bp −$2,936	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.46 bp	9.7 bp −$10	98.5 bp −$985	292.8 bp −$29.3K	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	+0.613%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0066%	4h	0.06853	+0.034%	$183K	$113K	—	as long as short
BloFin SKY-USDT	+0.0047%	4h	0.06847	−0.058%	$582K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06858	+0.101%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06858	+0.099%	$75K	$32K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06859	+0.121%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06860	+0.131%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDTlong	+0.0100%	4h	0.06851	long leg	$7.2M	$3.2M	25x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06856	+0.073%	$819K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06848	−0.044%	$593K	$271K	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_USDTshort	+0.0100%	4h	0.06860	+0.131%	$1.0M	$266K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06855	+0.058%	$403K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06857	+0.088%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06859	+0.117%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06851	0.000%	$27K	$652K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06859	+0.115%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0262%	1h	0.06872	+0.301%	$2.8M	$907K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06860	+0.139%	$81K	—	50x	as long as short