Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin0.000%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$838as in the Funding arb table

Net, price: spread back to 7d avg − costs−$846as in the Price arb table

costs, in and out, $10k−$8388.381% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now 0.000%, 7d avg +0.083%

Together, before fees−0.015%−$1 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 0.083% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.06895	0.0100	pay 0.0050% / 4h	1h 02m	$406K	$292K	50x
Short	MEXC SKY_USDT	0.06895	0.0100	get 0.0050% / 4h	1h 02m	$1.0M	$273K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.083%: −$8.28
Slippage, 4 orders: −$822.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$846.39
Costs to cover: 8.381%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; MEXC: live order book, 3 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 KuCoin live order book, 20 min ago	25.18 bp	236.7 bp −$237	772.4 bp −$7,724	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.45 bp	8.5 bp −$8	69.7 bp −$697	281.9 bp −$28.2K	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
Variational Omni SKY	−0.0318%	4h	0.06889	−0.085%	$184K	$115K	—	as long as short
Bybit SKYUSDT	−0.0025%	4h	0.06890	−0.073%	$7.2M	$3.2M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+4.017%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0053%	4h	0.06905	+0.145%	$587K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06902	+0.096%	$180K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06895	+0.007%	$73K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06905	+0.149%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06897	+0.029%	$15.7M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06892	−0.044%	$818K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06899	+0.058%	$599K	$287K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDTshort	+0.0100%	4h	0.06895	0.000%	$1.0M	$273K	100x
KuCoin SKYUSDTMlong	+0.0100%	4h	0.06895	long leg	$406K	$292K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06899	+0.058%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06891	−0.058%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06905	+0.145%	$27K	$663K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06897	+0.036%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0457%	1h	0.06902	+0.103%	$2.8M	$927K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06896	+0.022%	$82K	—	50x	as long as short