SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against Binance−0.057%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.057%, 7d avg +0.008%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.065% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.07055	0.0100	pay 0.0050% / 4h	4m 33s	$16.0M	$10.2M	75x
Short	BloFin SKY-USDT	0.07051	0.0090	get 0.0045% / 4h	4m 33s	$586K	$30K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$2.05
Price spread: −0.057% → +0.008%: −$6.48
Slippage, 4 orders: −$48.04
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.57
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 7 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 Binance live order book, 6 min ago	0.71 bp	17.1 bp −$17	54.5 bp −$545	340.7 bp −$34.1K	doesn't fit
Sell BloFin live order book, 7 min ago	1.42 bp	19.7 bp −$20	42.9 bp −$429	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
Variational Omni SKY	−0.0679%	4h	0.07035	−0.283%	$193K	$104K	—	as long as short
Bybit SKYUSDT	−0.0200%	4h	0.07043	−0.170%	$7.6M	$3.3M	25x	as long as short
Nado SKY-PERP	+0.0063%	1h	0.07052	−0.039%	$70K	$25K	5x	as long as short
BloFin SKY-USDTshort	+0.0090%	4h	0.07051	−0.057%	$586K	$30K	75x
Lighter SKY	+0.0096%	1h	0.07056	+0.013%	$189K	$160K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07051	−0.056%	$42K	$43K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.07055	long leg	$16.0M	$10.2M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07048	−0.099%	$850K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07046	−0.128%	$603K	$259K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07053	−0.028%	$1.1M	$288K	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	0.07042	−0.184%	$420K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07052	−0.043%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07047	−0.113%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07044	−0.156%	$22K	$679K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07049	−0.084%	$1K	$2K	10x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.658%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0217%	1h	0.07066	+0.152%	$3.0M	$889K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07050	−0.067%	$84K	—	50x	as long as short