Funding arb · Price arb /

SKY

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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 −0.003%

Price spread now: Binance against Orderly−0.010%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKY_USDC_mythos	0.06871	0.0100	pay 0.0050% / 4h	21m 56s	$1K	$3K	10x
Short	Binance SKYUSDT	0.06870	0.0100	get 0.0050% / 4h	21m 56s	$15.7M	$11.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → 0.000%: −$1.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.02
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.45 bp	18.1 bp −$18	68.1 bp −$681	309.0 bp −$30.9K	doesn't fit

Orderly: 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	−0.0165%	4h	0.06855	−0.232%	$183K	$113K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.325%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06871	0.000%	$179K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06872	+0.015%	$73K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06870	−0.013%	$41K	$42K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.06870	−0.010%	$15.7M	$11.0M	75x
Bybit SKYUSDT	+0.0100%	4h	0.06861	−0.141%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06863	−0.112%	$819K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06876	+0.077%	$596K	$272K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06870	−0.010%	$1.0M	$265K	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	0.06874	+0.048%	$404K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06871	+0.004%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06864	−0.098%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06877	+0.092%	$27K	$661K	50x	as long as short
Orderly PERP_SKY_USDC_mythoslong	+0.0100%	4h	0.06871	long leg	$1K	$3K	10x
BloFin SKY-USDT	+0.0140%	4h	0.06872	+0.019%	$583K	$29K	75x	as long as short
Hyperliquid SKY	+0.0313%	1h	0.06879	+0.115%	$2.8M	$911K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06868	−0.032%	$81K	—	50x	as long as short