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

SKY

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0290%/8h= −31.7% APRpaid last 24h −0.234%
Price spread now: Aster against Hyperliquid−0.099%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.474%−$47 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.099% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SKY0.072100.0390pay 0.0049% / 1h47m 22s$3.0M$905K3x
ShortAster SKYUSDT0.072030.0100get 0.0050% / 4h2h 47m$43K$36K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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
−$60.81
Price spread: −0.099% → 0.000%
−$9.92
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$87.73
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago3.26 bp17.5 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0644%4h0.07190−0.280%$207K$94Kas long as short
Bybit SKYUSDT−0.0343%4h0.07191−0.266%$8.0M$3.3M25xas long as short
Injective SKY/USDC PERP+0.0033%1h0.07254+0.607%$396$184K12xas long as short
Lighter SKY+0.0096%1h0.07203−0.107%$189K$163K10xas long as short
BloFin SKY-USDT+0.0097%4h0.07194−0.225%$610K$609K75xas long as short
Nado SKY-PERP+0.0100%1h0.07201−0.121%$71K$26K5xas long as short
Aster SKYUSDTshort+0.0100%4h0.07203−0.099%$43K$36K20x
Binance SKYUSDT+0.0100%4h0.07202−0.114%$16.6M$9.5M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07193−0.239%$876K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07189−0.294%$617K$253K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.07200−0.141%$1.1M$279K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07182−0.391%$442K$287K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07201−0.128%$3.0M$2.0M75xas long as short
BingX SKY-USDT+0.0100%4h0.07197−0.183%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07202−0.114%$20K$683K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07203−0.105%$699$2K10xas long as short
Hyperliquid SKYlong+0.0390%1h0.07210long leg$3.0M$905K3x
GMX SKY/USD [ETH-USDC]L +0.0534% / S −0.0248%1h0.07201−0.132%$85K50xas long as short