Funding you earn now, next payment 00:00 UTC+0.0225%/8h= +24.7% APRnext payment +$1.13 per $10,000 · paid last 24h +0.009%
Price spread now: Bitget against Bybit+0.070%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.070%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.082% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 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 | 0.07174 | −0.0125 | get 0.0063% / 4h | 1h 49m | $7.9M | $3.3M | 25x |
| Short | Bitget SKYUSDT | 0.07179 | 0.0100 | get 0.0050% / 4h | 1h 49m | $3.0M | $2.0M | 75x |
Bybit SKYUSDT
Bitget SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $47.28
- Price spread: +0.070% → −0.012%
- $8.21
- Slippage, 4 orders
- −$64.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$31.83
- Costs to cover
- 0.873%
- Break-even
- 11.7 days
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 1.39 bp | 25.9 bp −$26 | 295.7 bp −$2,957 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.86 bp | 19.0 bp −$19 | 53.4 bp −$534 | 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 | −0.0493% | 4h | 0.07181 | +0.103% | $198K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0125% | 4h | 0.07174 | long leg | $7.9M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07197 | +0.321% | $393 | $260K | 12x | as long as short |
| Nado SKY-PERP | +0.0047% | 1h | 0.07195 | +0.296% | $71K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07190 | +0.223% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07173 | −0.019% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07179 | +0.075% | $16.5M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07178 | +0.056% | $859K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07169 | −0.070% | $615K | $252K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07174 | 0.000% | $1.1M | $278K | 100x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
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 | 0.07171 | −0.042% | $441K | $279K | 50x | as long as short |
| Bitget SKYUSDTshort | +0.0100% | 4h | 0.07179 | +0.070% | $3.0M | $2.0M | 75x | |
| BingX SKY-USDT | +0.0100% | 4h | 0.07178 | +0.056% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07197 | +0.321% | $20K | $687K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07194 | +0.275% | $698 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0117% | 4h | 0.07196 | +0.307% | $606K | $609K | 75x | as long as short |
| Hyperliquid SKY | +0.0410% | 1h | 0.07191 | +0.234% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0533% / S −0.0248% | 1h | 0.07191 | +0.231% | $85K | — | 50x | as long as short |
KuCoin SKYUSDTM
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]