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 0.000%

Price spread now: MEXC against Gate+0.207%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$2022.023% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.207%, 7d avg +0.120%

Together, before fees+0.082%+$8 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 0.087% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKY_USDT	0.06778	0.0100	pay 0.0050% / 4h	20m 43s	$575K	$291K	50x
Short	MEXC SKY_USDT	0.06792	0.0100	get 0.0050% / 4h	20m 43s	$1.0M	$274K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersPrice spread, now +0.207%Rate

Funding earned: $0
Price spread: +0.207% → +0.120%: $8.67
Slippage, 4 orders: −$183.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$193.61
Costs to cover: 2.023%
Break-even: never at this rate

Slippage from Gate: live order book, 15 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 Gate live order book, 15 min ago	5.16 bp	77.4 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.47 bp	13.5 bp −$13	109.1 bp −$1,091	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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.697%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0068%	4h	0.06783	+0.074%	$578K	$28K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06792	+0.205%	$179K	$107K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06790	+0.184%	$69K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06792	+0.212%	$41K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06791	+0.192%	$15.4M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06789	+0.162%	$7.1M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06789	+0.162%	$794K	$1.2M	20x	as long as short
Gate SKY_USDTlong	+0.0100%	4h	0.06778	long leg	$575K	$291K	50x
MEXC SKY_USDTshort	+0.0100%	4h	0.06792	+0.207%	$1.0M	$274K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06783	+0.074%	$398K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06788	+0.148%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06790	+0.177%	—	$2.5M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06783	+0.078%	$181K	$98K	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06790	+0.177%	$27K	$648K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06791	+0.192%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0133%	1h	0.06802	+0.350%	$2.8M	$861K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0520% / S −0.0248%	1h	0.06791	+0.189%	$81K	—	50x	as long as short