Funding you earn now, next payment 12:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.007%
Price spread now: OKX against BloFin−0.280%93s7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as 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−$920.915% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.280%, 7d avg −0.095%
=Funding pays, the price is against you. OKX is 0.185% cheaper against BloFin than usual: you would sell low and buy high (spread −0.280% now, against its 7-day average of −0.095%). If the spread goes back, that is −$19 on $10k: about 12 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.010% in total) that is about 5 months. The two prices were read 93 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 | 0.06785 | 0.0049 | pay 0.0025% / 4h | 3h 55m | $581K | $28K | 75x |
| Short | OKX SKY-USDT-SWAP | 0.06766 | 0.0100 | get 0.0050% / 4h | 3h 55m | $789K | $1.1M | 20x |
BloFin SKY-USDT
OKX SKY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $10.69
- Price spread: −0.280% → −0.095%
- −$18.55
- Slippage, 4 orders
- −$69.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$99.36
- Costs to cover
- 0.915%
- Break-even
- 72.1 days
Slippage from BloFin: live order book, 21 min ago; OKX: 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 BloFin live order book, 21 min ago | 0.74 bp | 17.1 bp −$17 | 43.0 bp −$430 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.95 bp | 31.6 bp −$32 | 391.1 bp −$3,911 | 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 | +1.592% | $376 | $303K | 12x | as long as short |
| BloFin SKY-USDTlong | +0.0049% | 4h | 0.06785 | long leg | $581K | $28K | 75x | |
| Variational Omni SKY | +0.0079% | 4h | 0.06770 | −0.215% | $181K | $98K | — | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06768 | −0.246% | $178K | $105K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06778 | −0.107% | $69K | $31K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06778 | −0.096% | $2.8M | $865K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06773 | −0.180% | $41K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06769 | −0.236% | $15.3M | $11.1M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06763 | −0.324% | $7.1M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAPshort | +0.0100% | 4h | 0.06766 | −0.280% | $789K | $1.1M | 20x |
Injective SKY/USDC PERP
Variational Omni SKY
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06756 | −0.427% | $573K | $284K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06767 | −0.265% | $1.0M | $265K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06772 | −0.192% | $397K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06763 | −0.324% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06766 | −0.280% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06780 | −0.074% | $27K | $649K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06780 | −0.077% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0519% / S −0.0248% | 1h | 0.06779 | −0.093% | $80K | — | 50x | as long as short |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]