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

SKY

all SKY markets
SwapBacktest
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: Bybit against Gate+0.058%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2332.328% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 4 days (all we have)+0.382%+$38 · spread now +0.058%, 7d avg +0.053%
Together, before fees+0.465%+$46 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SKY_USDT0.068580.0100pay 0.0050% / 4h2h 55m$583K$286K50x
ShortBybit SKYUSDT0.068620.0100get 0.0050% / 4h2h 55m$7.2M$3.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.058% → +0.053%
$0.57
Slippage, 4 orders
−$206.83
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$232.26
Costs to cover
2.328%
Break-even
never at this rate
Slippage from Gate: live order book, 56 min ago; Bybit: live order book, 2 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, 56 min ago5.81 bp88.1 bp −$88doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.46 bp30.4 bp −$30187.4 bp −$1,874doesn'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
Injective SKY/USDC PERP+0.0033%1h0.06893+0.510%$376$303K12xas long as short
Variational Omni SKY+0.0056%4h0.06861+0.041%$183K$113Kas long as short
Lighter SKY+0.0096%1h0.06867+0.136%$179K$118K10xas long as short
Nado SKY-PERP+0.0100%1h0.06861+0.051%$75K$32K5xas long as short
Hyperliquid SKY+0.0100%1h0.06877+0.279%$2.8M$909K3xas long as short
Aster SKYUSDT+0.0100%4h0.06870+0.178%$42K$42K20xas long as short
Binance SKYUSDT+0.0100%4h0.06869+0.163%$15.7M$11.0M75xas long as short
Bybit SKYUSDTshort+0.0100%4h0.06862+0.058%$7.2M$3.2M25x
OKX SKY-USDT-SWAP+0.0100%4h0.06863+0.073%$816K$1.1M20xas long as short
Gate SKY_USDTlong+0.0100%4h0.06858long leg$583K$286K50x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.06869+0.160%$1.0M$260K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.06855−0.044%$403K$292K50xas long as short
Bitget SKYUSDT+0.0100%4h0.06868+0.146%$2.8M$1.5M75xas long as short
BingX SKY-USDT+0.0100%4h0.06865+0.102%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.068580.000%$27K$648K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.06868+0.144%$1K$3K10xas long as short
BloFin SKY-USDT+0.0112%4h0.06851−0.102%$520K$29K75xas long as short
GMX SKY/USD [ETH-USDC]L +0.0523% / S −0.0248%1h0.06864+0.095%$81K50xas long as short