Funding you earn now, next payment 04:00 UTC+0.0878%/8h= +96.1% APRnext payment +$4.39 per $10,000 · paid last 24h +0.022%
Price spread now: Binance against Bybit+0.153%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$770.773% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days−0.150%−$15 · spread now +0.153%, 7d avg +0.052%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Binance is 0.101% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.052%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.39 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 | Bybit SKYUSDT | 0.06971 | −0.0778 | get 0.0389% / 4h | 3h 40m | $7.5M | $3.5M | 25x |
| Short | Binance SKYUSDT | 0.06982 | 0.0100 | get 0.0050% / 4h | 3h 40m | $16.1M | $10.9M | 75x |
Bybit SKYUSDT
Binance SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $184.38
- Price spread: +0.153% → +0.052%
- $10.13
- Slippage, 4 orders
- −$56.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $117.22
- Costs to cover
- 0.773%
- Break-even
- 2.5 days
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 15 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 | 1.43 bp | 27.8 bp −$28 | 134.8 bp −$1,348 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.71 bp | 17.9 bp −$18 | 65.6 bp −$656 | 323.8 bp −$32.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDTlong | −0.0778% | 4h | 0.06971 | long leg | $7.5M | $3.5M | 25x | |
| Variational Omni SKY | −0.0610% | 4h | 0.06974 | +0.049% | $185K | $111K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +2.883% | $392 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0054% | 4h | 0.07002 | +0.445% | $593K | $29K | 75x | as long as short |
| Nado SKY-PERP | +0.0085% | 1h | 0.06987 | +0.237% | $67K | $26K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06982 | +0.152% | $188K | $170K | 10x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06993 | +0.313% | $2.9M | $902K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06987 | +0.227% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDTshort | +0.0100% | 4h | 0.06982 | +0.153% | $16.1M | $10.9M | 75x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06983 | +0.172% | $838K | $1.3M | 20x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
Nado SKY-PERP
Lighter SKY
Hyperliquid SKY
Aster SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06978 | +0.100% | $592K | $261K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06984 | +0.186% | $1.0M | $282K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06981 | +0.143% | $412K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06985 | +0.201% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06981 | +0.143% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07010 | +0.559% | $24K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06989 | +0.257% | $1K | $2K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06981 | +0.138% | $83K | — | 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]