Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.021%

Price spread now: Bybit against Nado+0.015%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Bybit

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKY-PERP	0.06764	0.0100	pay 0.0012% / 1h	17m 56s	$68K	$35K	5x
Short	Bybit SKYUSDT	0.06765	−0.0173	pay 0.0087% / 4h	2h 17m	$7.0M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$57.33
Price spread: +0.015% → 0.000%: $1.48
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$73.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Nado no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	2.22 bp	24.6 bp −$25	184.9 bp −$1,849	doesn't fit	doesn't fit

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 exchanges

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	−0.0174%	4h	0.06767	+0.039%	$181K	$90K	—	as long as short
Bybit SKYUSDTshort	−0.0173%	4h	0.06765	+0.015%	$7.0M	$3.3M	25x
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.907%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0080%	4h	0.06780	+0.237%	$574K	$32K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06769	+0.080%	$178K	$106K	10x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.06764	long leg	$68K	$35K	5x
Aster SKYUSDT	+0.0100%	4h	0.06776	+0.177%	$42K	$41K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06772	+0.124%	$15.1M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06763	−0.015%	$791K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06766	+0.030%	$573K	$284K	50x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06773	+0.133%	$996K	$262K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06774	+0.148%	$400K	$275K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06775	+0.163%	$2.8M	$1.3M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06765	+0.015%	—	$2.5M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06778	+0.207%	$34K	$649K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06769	+0.069%	$1K	$4K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0517% / S −0.0249%	1h	0.06767	+0.046%	$80K	—	50x	as long as short
Hyperliquid SKY	+0.0672%	1h	0.06785	+0.309%	$2.8M	$812K	3x	as long as short