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

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h −0.140%
Price spread now: Nado against Hyperliquid−0.163%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.163% cheaper against Hyperliquid than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SKY0.068520.0100pay 0.0013% / 1h50m 22s$2.8M$875K3x
ShortNado SKY-PERP0.068410.0100get 0.0012% / 1h50m 22s$69K$34K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$0
Price spread: −0.163% → 0.000%
−$16.35
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$32.35
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Nado: 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, 1 min ago4.61 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Nado no order-book sample
Nado: 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
Bybit SKYUSDT−0.0103%4h0.06843−0.134%$7.2M$3.3M25xas long as short
Injective SKY/USDC PERP+0.0033%1h0.06893+0.595%$376$303K12xas long as short
Variational Omni SKY+0.0082%4h0.06809−0.625%$181K$98Kas long as short
BloFin SKY-USDT+0.0094%4h0.06774−1.141%$577K$28K75xas long as short
Lighter SKY+0.0096%1h0.06822−0.442%$179K$105K10xas long as short
Nado SKY-PERPshort+0.0100%1h0.06841−0.163%$69K$34K5x
Hyperliquid SKYlong+0.0100%1h0.06852long leg$2.8M$875K3x
Aster SKYUSDT+0.0100%4h0.06845−0.098%$42K$45K20xas long as short
Binance SKYUSDT+0.0100%4h0.06847−0.076%$15.4M$11.3M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.06841−0.163%$802K$1.2M20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SKY_USDT+0.0100%4h0.06837−0.222%$586K$291K50xas long as short
MEXC SKY_USDT+0.0100%4h0.06843−0.134%$1.0M$265K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.06822−0.441%$402K$292K50xas long as short
Bitget SKYUSDT+0.0100%4h0.06840−0.178%$2.8M$1.5M75xas long as short
BingX SKY-USDT+0.0100%4h0.06847−0.076%$2.5Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.06770−1.200%$34K$655K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.06848−0.061%$695$5K10xas long as short
GMX SKY/USD [ETH-USDC]L +0.0520% / S −0.0248%1h0.06817−0.508%$81K50xas long as short