Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.3% APRnext payment −$0.97 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against BingX−0.070%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$870.870% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days+0.075%+$7 · spread now −0.070%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.063% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 per $10,000. 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 | BingX SKY-USDT | 0.07191 | 0.0100 | pay 0.0050% / 4h | 1h 51m | — | $2.4M | — |
| Short | Bybit SKYUSDT | 0.07186 | −0.0094 | pay 0.0047% / 4h | 1h 51m | $7.9M | $3.4M | 25x |
BingX SKY-USDT
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$40.82
- Price spread: −0.070% → −0.006%
- −$6.31
- Slippage, 4 orders
- −$66.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$134.13
- Costs to cover
- 0.870%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Bybit: live order book, 1 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 BingX live order book, 12 min ago | 3.48 bp | 18.4 bp −$18 | 55.8 bp −$558 | 278.1 bp −$27.8K | 984.0 bp −$492.0K |
| Sell Bybit live order book, 1 min ago | 1.39 bp | 25.9 bp −$26 | 204.7 bp −$2,047 | 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 | −0.0512% | 4h | 0.07205 | +0.200% | $207K | $94K | — | as long as short |
| Bybit SKYUSDTshort | −0.0094% | 4h | 0.07186 | −0.070% | $7.9M | $3.4M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07197 | +0.083% | $393 | $260K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07199 | +0.110% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07203 | +0.163% | $71K | $25K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07202 | +0.146% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07196 | +0.069% | $16.6M | $9.6M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07193 | +0.028% | $870K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07199 | +0.111% | $618K | $252K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07196 | +0.070% | $1.1M | $278K | 100x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07201 | +0.139% | $443K | $279K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07198 | +0.097% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDTlong | +0.0100% | 4h | 0.07191 | long leg | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07220 | +0.403% | $20K | $687K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07201 | +0.145% | $698 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0116% | 4h | 0.07224 | +0.459% | $609K | $612K | 75x | as long as short |
| Hyperliquid SKY | +0.0390% | 1h | 0.07208 | +0.234% | $3.0M | $904K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07196 | +0.070% | $85K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]