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

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against OKX+0.405%80s7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$650.649% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.104%−$10 on $10k
Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.405%, 7d avg +0.105%
Together, before fees−0.128%−$13 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: ApeX Omni is 0.299% dearer against OKX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.105%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SKY-USDT-SWAP0.071680.0100pay 0.0050% / 4h1h 48m$860K$1.3M20x
ShortApeX Omni SKYUSDT0.071970.0100get 0.0013% / 1h48m 10s$20K$687K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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: +0.405% → +0.105%
$29.92
Slippage, 4 orders
−$44.9
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$34.98
Costs to cover
0.649%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago3.48 bp24.8 bp −$251685.5 bp −$16.9Kdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 35 min ago7.64 bp16.2 bp −$16107.4 bp −$1,074doesn't fitdoesn't fit

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
Variational Omni SKY−0.0493%4h0.07181+0.187%$198K$104Kas long as short
Bybit SKYUSDT−0.0122%4h0.07163−0.070%$7.8M$3.3M25xas long as short
Injective SKY/USDC PERP+0.0014%1h0.07197+0.405%$393$260K12xas long as short
Nado SKY-PERP+0.0035%1h0.07171+0.042%$71K$25K5xas long as short
BloFin SKY-USDT+0.0043%4h0.07192+0.335%$606K$321K75xas long as short
Lighter SKY+0.0096%1h0.07175+0.102%$188K$163K10xas long as short
Aster SKYUSDT+0.0100%4h0.07174+0.084%$43K$36K20xas long as short
Binance SKYUSDT+0.0100%4h0.07174+0.085%$16.5M$9.5M75xas long as short
OKX SKY-USDT-SWAPlong+0.0100%4h0.07168long leg$860K$1.3M20x
Gate SKY_USDT+0.0100%4h0.07175+0.098%$616K$252K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.07174+0.084%$1.1M$280K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07171+0.042%$441K$279K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07175+0.098%$3.0M$2.0M75xas long as short
BingX SKY-USDT+0.0100%4h0.07169+0.014%$2.4Mas long as short
ApeX Omni SKYUSDTshort+0.0100%1h0.07197+0.405%$20K$687K50x
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07174+0.086%$696$2K10xas long as short
Hyperliquid SKY+0.0385%1h0.07183+0.206%$3.0M$906K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0533% / S −0.0248%1h0.07176+0.116%$85K50xas long as short