Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Nado against OKX+0.060%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Nado

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: Nado is 0.060% dearer against OKX than usual: you sell high and buy low, +$6 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	OKX SKY-USDT-SWAP	0.07039	0.0100	pay 0.0050% / 4h	3h 04m	$847K	$1.3M	20x
Short	Nado SKY-PERP	0.07043	0.0100	get 0.0012% / 1h	4m 31s	$71K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → 0.000%: $6.04
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$10.96
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Nado: no order-book sample. 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 OKX live order book, 2 min ago	1.42 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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
Variational Omni SKY	−0.0552%	4h	0.07023	−0.224%	$202K	$118K	—	as long as short
Bybit SKYUSDT	−0.0257%	4h	0.07040	+0.014%	$7.5M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+1.889%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07035	−0.058%	$189K	$171K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.07043	+0.060%	$71K	$28K	5x
Aster SKYUSDT	+0.0100%	4h	0.07048	+0.130%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07043	+0.057%	$16.2M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.07039	long leg	$847K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07036	−0.043%	$591K	$266K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07043	+0.057%	$1.0M	$286K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07046	+0.099%	$413K	$293K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07043	+0.057%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07041	+0.028%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07042	+0.043%	$24K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07041	+0.024%	$945	$3K	10x	as long as short
BloFin SKY-USDT	+0.0124%	4h	0.07027	−0.170%	$596K	$30K	75x	as long as short
Hyperliquid SKY	+0.0171%	1h	0.07053	+0.199%	$2.9M	$903K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07042	+0.048%	$83K	—	50x	as long as short