Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: MEXC against Nado+0.022%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.022% dearer against Nado than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKY-PERP	0.06886	0.0100	pay 0.0013% / 1h	20m 16s	$72K	$31K	5x
Short	MEXC SKY_USDT	0.06888	0.0100	get 0.0050% / 4h	1h 20m	$1.0M	$267K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → 0.000%: $2.18
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$8.82
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.73 bp	10.8 bp −$11	103.9 bp −$1,039	290.6 bp −$29.1K	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 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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.094%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06885	−0.020%	$180K	$117K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06886	−0.012%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06888	+0.022%	$15.6M	$11.2M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06884	−0.036%	$7.2M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06880	−0.094%	$803K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06875	−0.167%	$586K	$287K	50x	as long as short
MEXC SKY_USDTshort	+0.0100%	4h	0.06888	+0.022%	$1.0M	$267K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06885	−0.022%	$403K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06889	+0.036%	$2.8M	$1.4M	75x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKY-USDT	+0.0100%	4h	0.06883	−0.051%	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06871	−0.221%	$183K	$98K	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06868	−0.269%	$26K	$646K	50x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.06886	long leg	$72K	$31K	5x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06887	+0.013%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0127%	4h	0.06877	−0.138%	$582K	$29K	75x	as long as short
Hyperliquid SKY	+0.0161%	1h	0.06897	+0.157%	$2.8M	$845K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06886	0.000%	$82K	—	50x	as long as short