Funding you earn now, next payment 00:00 UTC−0.0212%/8h= −23.3% APRnext payment −$1.06 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Bitget−0.014%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$920.917% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.014%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.027% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.013%). 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 −$1.06 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 | Bitget SKYUSDT | 0.07206 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $3.0M | $2.0M | 75x |
| Short | Bybit SKYUSDT | 0.07205 | −0.0112 | pay 0.0056% / 4h | 1h 56m | $7.9M | $3.4M | 25x |
Bitget SKYUSDT
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$44.6
- Price spread: −0.014% → +0.013%
- −$2.67
- Slippage, 4 orders
- −$68.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$138.96
- Costs to cover
- 0.917%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 5.55 bp | 19.7 bp −$20 | 53.3 bp −$533 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.09 bp | 24.6 bp −$25 | 227.3 bp −$2,273 | 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 | −0.0524% | 4h | 0.07189 | −0.232% | $207K | $94K | — | as long as short |
| Bybit SKYUSDTshort | −0.0112% | 4h | 0.07205 | −0.014% | $7.9M | $3.4M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07197 | −0.125% | $393 | $260K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07215 | +0.125% | $189K | $163K | 10x | as long as short |
| BloFin SKY-USDT | +0.0096% | 4h | 0.07196 | −0.139% | $609K | $609K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07200 | −0.076% | $71K | $25K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07203 | −0.047% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07217 | +0.153% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07212 | +0.083% | $872K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07193 | −0.180% | $618K | $252K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
BloFin SKY-USDT
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07217 | +0.153% | $1.1M | $278K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07195 | −0.153% | $443K | $279K | 50x | as long as short |
| Bitget SKYUSDTlong | +0.0100% | 4h | 0.07206 | long leg | $3.0M | $2.0M | 75x | |
| BingX SKY-USDT | +0.0100% | 4h | 0.07202 | −0.056% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07198 | −0.111% | $20K | $688K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07203 | −0.047% | $699 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0495% | 1h | 0.07221 | +0.212% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07202 | −0.056% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]