Funding you earn now, next payment 09:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h −0.023%
Price spread now: Bybit against ApeX Omni−0.029%99s7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$870.871% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.625%−$63 · spread now −0.029%, 7d avg −0.108%
=The price spread pays, funding is against you. Bybit is 0.079% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.108%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 18 hours. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SKYUSDT | 0.06827 | 0.0100 | pay 0.0013% / 1h | 39m 53s | $34K | $654K | 50x |
| Short | Bybit SKYUSDT | 0.06825 | −0.0259 | pay 0.0130% / 4h | 3h 39m | $7.1M | $3.3M | 25x |
ApeX Omni SKYUSDT
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.43
- Price spread: −0.029% → −0.108%
- $7.92
- Slippage, 4 orders
- −$66.05
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$154.56
- Costs to cover
- 0.871%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 58 min ago; Bybit: live order book, 3 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 ApeX Omni live order book, 58 min ago | 6.63 bp | 14.9 bp −$15 | 106.8 bp −$1,068 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.20 bp | 28.4 bp −$28 | 179.2 bp −$1,792 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDTshort | −0.0259% | 4h | 0.06825 | −0.029% | $7.1M | $3.3M | 25x | |
| Variational Omni SKY | −0.0004% | 4h | 0.06831 | +0.064% | $182K | $98K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.967% | $376 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06832 | +0.073% | $180K | $105K | 10x | as long as short |
| BloFin SKY-USDT | +0.0098% | 4h | 0.06817 | −0.146% | $580K | $28K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06828 | +0.018% | $69K | $35K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06839 | +0.179% | $2.8M | $888K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06833 | +0.083% | $42K | $45K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06835 | +0.111% | $15.4M | $11.4M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06824 | −0.044% | $800K | $1.2M | 20x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
BloFin SKY-USDT
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06822 | −0.073% | $583K | $293K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06836 | +0.132% | $1.0M | $267K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06823 | −0.059% | $403K | $293K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06823 | −0.059% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06831 | +0.059% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDTlong | +0.0100% | 1h | 0.06827 | long leg | $34K | $654K | 50x | |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06835 | +0.114% | $1K | $5K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0521% / S −0.0248% | 1h | 0.06831 | +0.056% | $81K | — | 50x | as long as short |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]