Funding you earn now, next payment 22:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.009%
Price spread now: ApeX Omni against Bybit+0.153%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)+0.297%+$30 · spread now +0.153%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and ApeX Omni is 0.053% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.100%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment. 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 | Bybit SKYUSDT | 0.07184 | −0.0272 | get 0.0136% / 4h | 2h 30m | $7.9M | $3.3M | 25x |
| Short | ApeX Omni SKYUSDT | 0.07195 | 0.0100 | get 0.0013% / 1h | 30m 58s | $20K | $685K | 50x |
Bybit SKYUSDT
ApeX Omni SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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
- $78.09
- Price spread: +0.153% → +0.100%
- $5.33
- Slippage, 4 orders
- −$62.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $0.21
- Costs to cover
- 0.832%
- Break-even
- 7.0 days
Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 57 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 Bybit live order book, 2 min ago | 2.09 bp | 31.5 bp −$31 | 306.1 bp −$3,061 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 57 min ago | 4.83 bp | 12.4 bp −$12 | 98.8 bp −$988 | 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 | −0.0605% | 4h | 0.07181 | −0.038% | $207K | $94K | — | as long as short |
| Bybit SKYUSDTlong | −0.0272% | 4h | 0.07184 | long leg | $7.9M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07199 | +0.209% | $393 | $222K | 12x | as long as short |
| BloFin SKY-USDT | +0.0093% | 4h | 0.07193 | +0.125% | $609K | $609K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07197 | +0.174% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07196 | +0.174% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07199 | +0.213% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07196 | +0.167% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07190 | +0.084% | $870K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07184 | 0.000% | $617K | $254K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
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 | 0.07195 | +0.153% | $1.1M | $280K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07186 | +0.028% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07196 | +0.167% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07192 | +0.111% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDTshort | +0.0100% | 1h | 0.07195 | +0.153% | $20K | $685K | 50x | |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07198 | +0.200% | $698 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0355% | 1h | 0.07205 | +0.294% | $3.0M | $904K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07196 | +0.166% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]