Funding arb · Price arb /

SKY

all SKY markets

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: Binance against OKX+0.013%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.013%, 7d avg +0.058%

Together, before fees−0.001%$0 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: Binance is 0.045% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.06933	0.0100	pay 0.0050% / 4h	1h 56m	$827K	$1.2M	20x
Short	Binance SKYUSDT	0.06934	0.0100	get 0.0050% / 4h	1h 56m	$15.8M	$11.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.058%: −$4.53
Slippage, 4 orders: −$74.94
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.47
Costs to cover: 0.949%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 14 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 OKX live order book, 5 min ago	2.89 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.72 bp	16.3 bp −$16	56.8 bp −$568	304.0 bp −$30.4K	doesn't fit

SKY on 17 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	−0.0412%	4h	0.06912	−0.299%	$184K	$126K	—	as long as short
Bybit SKYUSDT	−0.0044%	4h	0.06930	−0.043%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.447%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06920	−0.185%	$180K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06918	−0.220%	$69K	$28K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06929	−0.060%	$42K	$43K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.06934	+0.013%	$15.8M	$11.0M	75x
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.06933	long leg	$827K	$1.2M	20x
Gate SKY_USDT	+0.0100%	4h	0.06923	−0.144%	$595K	$275K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06932	−0.014%	$1.0M	$267K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06929	−0.058%	$415K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06933	0.000%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06927	−0.087%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06933	0.000%	$28K	$666K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06926	−0.097%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06922	−0.164%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.1141%	1h	0.06956	+0.325%	$2.9M	$940K	3x	as long as short