SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.007%

Price spread now: KuCoin against BloFin+0.233%65s7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$588as 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−$5905.905% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.634%−$63 · spread now +0.233%, 7d avg −0.087%

Together, before fees−0.612%−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.320% dearer against BloFin than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.087%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SKY-USDT	0.06867	0.0041	pay 0.0020% / 4h	2h 52m	$582K	$29K	75x
Short	KuCoin SKYUSDTM	0.06883	0.0100	get 0.0050% / 4h	2h 52m	$405K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.233%Rate

Funding earned: $12.48
Price spread: +0.233% → −0.087%: $32.02
Slippage, 4 orders: −$566.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$545.99
Costs to cover: 5.905%
Break-even: 313.2 days

Slippage from BloFin: live order book, 39 min ago; KuCoin: live order book, 6 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, 39 min ago	0.73 bp	9.5 bp −$9	28.8 bp −$288	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	32.82 bp	275.4 bp −$275	444.1 bp −$4,441	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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.379%	$376	$303K	12x	as long as short
BloFin SKY-USDTlong	+0.0041%	4h	0.06867	long leg	$582K	$29K	75x
Variational Omni SKY	+0.0056%	4h	0.06861	−0.090%	$183K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06886	+0.277%	$180K	$118K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06882	+0.222%	$75K	$32K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06894	+0.392%	$2.8M	$908K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06886	+0.274%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06887	+0.290%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06879	+0.175%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06881	+0.204%	$818K	$1.1M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKY_USDT	+0.0100%	4h	0.06875	+0.116%	$584K	$286K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06886	+0.277%	$1.0M	$261K	100x	as long as short
KuCoin SKYUSDTMshort	+0.0100%	4h	0.06883	+0.233%	$405K	$292K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06884	+0.248%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06883	+0.233%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06864	−0.044%	$27K	$648K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06886	+0.274%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06886	+0.284%	$82K	—	50x	as long as short