SKY

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.059%

7d average—if it closes, per $10,000$6funding while held, a day+$4.43

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.07280	0.0100	pay 0.0050% / 4h	51m 05s	$1.1M	$279K	100x
Short	GMX SKY/USD [ETH-USDC]	0.07276	L +0.0541% / S −0.0248%	get 0.0031% / 1h	51m 05s	$86K	—	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee MEXCbpFee GMXbpOrdersClose when spread is

Spread captured: −$5.91
Funding while held: $4.43
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$17.48
Spread needed to break even: 0.160%

Slippage unknown: MEXC: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0148%
Per $10,000 a day: +$4.43
Average in range /8h: —

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 MEXC live order book, 1 min ago	0.69 bp	8.0 bp −$8	47.6 bp −$476	272.6 bp −$27.3K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective0.07239cheapest KuCoin0.07248+0.124%Gate0.07255+0.221%Variational Omni0.07258+0.268%ApeX Omni0.07267+0.387%BloFin0.07272+0.456%Aster0.07274+0.485%

GMX0.07276+0.507%

Nado0.07276+0.508%OKX0.07276+0.511%Bitget0.07278+0.539%Bybit0.07279+0.553%BingX0.07279+0.553%Orderly0.07279+0.557%Lighter0.07279+0.559%

MEXC0.07280+0.566%

Binance0.07284+0.620%Hyperliquid0.07286+0.655%

SKY on 18 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective SKY/USDC PERP	−0.563%	+0.0114%	1h	$395	$218K	12x	as long as short
KuCoin SKYUSDTM	−0.440%	+0.0100%	4h	$456K	$291K	50x	as long as short
Gate SKY_USDT	−0.343%	+0.0100%	4h	$634K	$248K	50x	as long as short
Variational Omni SKY	−0.297%	+0.0100%	4h	$201K	$92K	—	as long as short
ApeX Omni SKYUSDT	−0.179%	+0.0100%	1h	$20K	$683K	50x	as long as short
BloFin SKY-USDT	−0.110%	+0.0079%	4h	$573K	$616K	75x	as long as short
Aster SKYUSDT	−0.081%	+0.0100%	4h	$44K	$45K	20x	as long as short
GMX SKY/USD [ETH-USDC]short	−0.059%	L +0.0541% / S −0.0248%	1h	$86K	—	50x
Nado SKY-PERP	−0.058%	+0.0100%	1h	$75K	$24K	5x	as long as short
OKX SKY-USDT-SWAP	−0.055%	+0.0100%	4h	$880K	$1.5M	20x	as long as short

Show all 18 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget SKYUSDT	−0.027%	+0.0100%	4h	$3.0M	$1.9M	75x	as long as short
Bybit SKYUSDT	−0.014%	+0.0100%	4h	$8.2M	$3.2M	25x	as long as short
BingX SKY-USDT	−0.014%	+0.0100%	4h	—	$2.4M	—	as long as short
Orderly PERP_SKY_USDC_mythos	−0.010%	+0.0100%	4h	$706	$2K	10x	as long as short
Lighter SKY	−0.007%	+0.0096%	1h	$196K	$165K	10x	as long as short
MEXC SKY_USDTlong	0.000%	+0.0100%	4h	$1.1M	$279K	100x
Binance SKYUSDT	+0.053%	+0.0100%	4h	$17.0M	$9.3M	75x	as long as short
Hyperliquid SKY	+0.088%	+0.0249%	1h	$3.1M	$991K	3x	as long as short