SKY

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.189%

7d average—if it closes, per $10,000$19funding while held, a day+$19.54

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKY_USDC_mythos	0.07242	0.0100	pay 0.0050% / 4h	15m 35s	$702	$2K	10x
Short	Hyperliquid SKY	0.07256	0.0751	get 0.0094% / 1h	15m 35s	$3.0M	$1.0M	3x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee OrderlybpFee HyperliquidbpOrdersClose when spread is

Spread captured: $18.92
Funding while held: $19.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $23.45
Spread needed to break even: 0.150%

Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0651%
Per $10,000 a day: +$19.54
Average in range /8h: —

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 Hyperliquid live order book, 7 min ago	4.47 bp	18.3 bp −$18	doesn't fit	doesn't fit	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 price on every exchange

against the cheapest. Click to use as the short leg.

Gate0.07230cheapest Variational Omni0.07231+0.019%Bybit0.07235+0.069%Aster0.07239+0.121%BingX0.07239+0.124%Injective0.07239+0.124%OKX0.07240+0.138%GMX0.07240+0.144%

Orderly0.07242+0.166%

MEXC0.07243+0.180%KuCoin0.07243+0.180%Bitget0.07243+0.180%Binance0.07245+0.205%Nado0.07245+0.214%Lighter0.07246+0.216%

Hyperliquid0.07256+0.355%

BloFin0.07261+0.429%ApeX Omni0.07262+0.443%

SKY on 18 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate SKY_USDT	−0.166%	+0.0100%	4h	$631K	$250K	50x	as long as short
Variational Omni SKY	−0.147%	+0.0100%	4h	$201K	$92K	—	as long as short
Bybit SKYUSDT	−0.097%	+0.0100%	4h	$8.1M	$3.2M	25x	as long as short
Aster SKYUSDT	−0.045%	+0.0100%	4h	$43K	$47K	20x	as long as short
BingX SKY-USDT	−0.041%	+0.0100%	4h	—	$2.4M	—	as long as short
Injective SKY/USDC PERP	−0.041%	+0.0114%	1h	$395	$218K	12x	as long as short
OKX SKY-USDT-SWAP	−0.028%	+0.0100%	4h	$877K	$1.5M	20x	as long as short
GMX SKY/USD [ETH-USDC]	−0.022%	L +0.0540% / S −0.0248%	1h	$86K	—	50x	as long as short
Orderly PERP_SKY_USDC_mythoslong	0.000%	+0.0100%	4h	$702	$2K	10x
MEXC SKY_USDT	+0.014%	+0.0100%	4h	$1.2M	$288K	100x	as long as short

Show all 18 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.014%	+0.0100%	4h	$455K	$291K	50x	as long as short
Bitget SKYUSDT	+0.014%	+0.0100%	4h	$3.0M	$2.0M	75x	as long as short
Binance SKYUSDT	+0.039%	+0.0100%	4h	$16.9M	$9.6M	75x	as long as short
Nado SKY-PERP	+0.048%	+0.0025%	1h	$71K	$28K	5x	as long as short
Lighter SKY	+0.050%	+0.0096%	1h	$196K	$166K	10x	as long as short
Hyperliquid SKYshort	+0.189%	+0.0751%	1h	$3.0M	$1.0M	3x
BloFin SKY-USDT	+0.262%	+0.0149%	4h	$638K	$615K	75x	as long as short
ApeX Omni SKYUSDT	+0.276%	+0.0100%	1h	$20K	$683K	50x	as long as short