Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Gate+0.313%81s7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2072.071% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 3 days (all we have)+0.162%+$16 · spread now +0.313%, 7d avg +0.143%
Together, before fees+0.219%+$22 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 0.169% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.143%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SKY_USDT0.070400.0100pay 0.0050% / 4h26m 03s$600K$256K50x
ShortApeX Omni SKYUSDT0.070620.0100get 0.0013% / 1h26m 03s$19K$678K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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

Funding earned
$0
Price spread: +0.313% → +0.143%
$16.94
Slippage, 4 orders
−$182.15
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$190.21
Costs to cover
2.071%
Break-even
never at this rate
Slippage from Gate: live order book, 50 min ago; ApeX Omni: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 50 min ago4.24 bp63.7 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 52 min ago8.46 bp17.2 bp −$17108.8 bp −$1,088doesn't fitdoesn't fit

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0681%4h0.07038−0.033%$194K$104Kas long as short
Bybit SKYUSDT−0.0277%4h0.07032−0.114%$7.6M$3.3M25xas long as short
Nado SKY-PERP+0.0087%1h0.07052+0.170%$70K$25K5xas long as short
Lighter SKY+0.0096%1h0.07046+0.082%$185K$155K10xas long as short
Aster SKYUSDT+0.0100%4h0.07050+0.147%$42K$43K20xas long as short
Binance SKYUSDT+0.0100%4h0.07046+0.085%$16.0M$10.2M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.070400.000%$847K$1.3M20xas long as short
Gate SKY_USDTlong+0.0100%4h0.07040long leg$600K$256K50x
MEXC SKY_USDT+0.0100%4h0.07043+0.043%$1.1M$286K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07049+0.128%$420K$291K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKYUSDT+0.0100%4h0.07047+0.099%$2.9M$1.7M75xas long as short
BingX SKY-USDT+0.0100%4h0.07042+0.028%$2.4Mas long as short
ApeX Omni SKYUSDTshort+0.0100%1h0.07062+0.313%$19K$678K50x
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07046+0.078%$1K$2K10xas long as short
BloFin SKY-USDT+0.0131%4h0.07065+0.355%$591K$29K75xas long as short
Injective SKY/USDC PERP+0.0158%1h0.07172+1.875%$392$303K12xas long as short
Hyperliquid SKY+0.0213%1h0.07055+0.213%$3.0M$903K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0526% / S −0.0248%1h0.07045+0.075%$83K50xas long as short