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

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.078%
Price spread now: ApeX Omni against Variational Omni+0.448%103s7-day average +0.117% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.090%+$9 on $10k
Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.448%, 7d avg +0.117%
Together, before fees−0.262%+ Points / potential airdropVariational Omni: Active · farm board−$26 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 0.331% dearer against Variational Omni than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.117%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SKY0.068550.0100pay 0.0050% / 4h1h 55m$183K$98K
ShortApeX Omni SKYUSDT0.068860.0100get 0.0013% / 1h55m 47s$26K$646K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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: +0.448% → +0.117%
$33.1
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$23.1
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 53 min ago; ApeX Omni: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 53 min ago5.82 bpdoesn't fit288.0 bp −$2,880doesn't fitdoesn't fit
Sell ApeX Omni live order book, 52 min ago6.54 bp14.0 bp −$1484.9 bp −$849doesn'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
Injective SKY/USDC PERP+0.0033%1h0.06893+0.550%$376$303K12xas long as short
Lighter SKY+0.0096%1h0.06863+0.118%$179K$117K10xas long as short
Variational Omni SKYlong+0.0100%4h0.06855long leg$183K$98K
Nado SKY-PERP+0.0100%1h0.06862+0.094%$72K$31K5xas long as short
Hyperliquid SKY+0.0100%1h0.06876+0.299%$2.8M$887K3xas long as short
Aster SKYUSDT+0.0100%4h0.06870+0.209%$42K$42K20xas long as short
Binance SKYUSDT+0.0100%4h0.06864+0.121%$15.6M$11.2M75xas long as short
Bybit SKYUSDT+0.0100%4h0.06857+0.025%$7.2M$3.0M25xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.06861+0.083%$806K$1.1M20xas long as short
Gate SKY_USDT+0.0100%4h0.06861+0.083%$588K$285K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.06864+0.127%$1.0M$265K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.06867+0.171%$402K$292K50xas long as short
Bitget SKYUSDT+0.0100%4h0.06862+0.098%$2.8M$1.4M75xas long as short
BingX SKY-USDT+0.0100%4h0.06863+0.112%$2.4Mas long as short
ApeX Omni SKYUSDTshort+0.0100%1h0.06886+0.448%$26K$646K50x
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.06871+0.229%$1K$3K10xas long as short
BloFin SKY-USDT+0.0120%4h0.06874+0.273%$581K$29K75xas long as short
GMX SKY/USD [ETH-USDC]L +0.0522% / S −0.0248%1h0.06866+0.155%$81K50xas long as short