Funding you earn now, next payment 00:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against BloFin−0.227%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$820.818% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.227%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.133% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.43 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 | BloFin SKY-USDT | 0.07054 | 0.0074 | pay 0.0037% / 4h | 6m 29s | $588K | $30K | 75x |
| Short | Bybit SKYUSDT | 0.07038 | −0.0212 | pay 0.0106% / 4h | 6m 29s | $7.6M | $3.3M | 25x |
BloFin SKY-USDT
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$60.09
- Price spread: −0.227% → −0.093%
- −$13.34
- Slippage, 4 orders
- −$58.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$155.2
- Costs to cover
- 0.818%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Bybit: live order book, 2 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 BloFin live order book, 5 min ago | 1.42 bp | 15.9 bp −$16 | 35.6 bp −$356 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.13 bp | 20.5 bp −$21 | 196.8 bp −$1,968 | 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 | −0.0699% | 4h | 0.07032 | −0.312% | $193K | $104K | — | as long as short |
| Bybit SKYUSDTshort | −0.0212% | 4h | 0.07038 | −0.227% | $7.6M | $3.3M | 25x | |
| Nado SKY-PERP | +0.0065% | 1h | 0.07047 | −0.092% | $70K | $25K | 5x | as long as short |
| BloFin SKY-USDTlong | +0.0074% | 4h | 0.07054 | long leg | $588K | $30K | 75x | |
| Lighter SKY | +0.0096% | 1h | 0.07054 | +0.001% | $189K | $160K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07051 | −0.040% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07051 | −0.043% | $16.0M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07045 | −0.128% | $849K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07041 | −0.184% | $603K | $259K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07052 | −0.028% | $1.1M | $288K | 100x | as long as short |
Variational Omni SKY
Nado SKY-PERP
Lighter SKY
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 | 0.07045 | −0.128% | $420K | $290K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07047 | −0.099% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07047 | −0.099% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07048 | −0.085% | $22K | $679K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07046 | −0.112% | $1K | $2K | 10x | as long as short |
| Injective SKY/USDC PERP | +0.0158% | 1h | 0.07172 | +1.673% | $392 | $303K | 12x | as long as short |
| Hyperliquid SKY | +0.0215% | 1h | 0.07059 | +0.069% | $3.0M | $889K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07043 | −0.152% | $83K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Injective SKY/USDC PERP
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]