Funding you earn now, next payment 00:00 UTC+0.0310%/8h= +33.9% APRnext payment +$1.55 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Bybit−0.014%52s7-day average +0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$650.648% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.014%, 7d avg +0.093%
=Funding pays, the price is against you. BloFin is 0.107% cheaper against Bybit than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.093%). If the spread goes back, that is −$11 on $10k: about 28 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.057% in total) that is about 13 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.55 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 | 0.07114 | −0.0211 | get 0.0105% / 4h | 54m 21s | $7.7M | $3.4M | 25x |
| Short | BloFin SKY-USDT | 0.07113 | 0.0099 | get 0.0049% / 4h | 54m 21s | $592K | $29K | 75x |
Bybit SKYUSDT
BloFin SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $65.04
- Price spread: −0.014% → +0.093%
- −$10.67
- Slippage, 4 orders
- −$41.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.44
- Costs to cover
- 0.648%
- Break-even
- 8.1 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 22 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, 4 min ago | 2.11 bp | 7.6 bp −$8 | 225.7 bp −$2,257 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 2.12 bp | 16.9 bp −$17 | 44.4 bp −$444 | 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 | −0.0603% | 4h | 0.07097 | −0.245% | $195K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0211% | 4h | 0.07114 | long leg | $7.7M | $3.4M | 25x | |
| Lighter SKY | +0.0096% | 1h | 0.07131 | +0.243% | $187K | $155K | 10x | as long as short |
| BloFin SKY-USDTshort | +0.0099% | 4h | 0.07113 | −0.014% | $592K | $29K | 75x | |
| Nado SKY-PERP | +0.0100% | 1h | 0.07133 | +0.267% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07130 | +0.225% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07128 | +0.196% | $16.2M | $10.4M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07115 | +0.014% | $858K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07121 | +0.098% | $608K | $255K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07130 | +0.225% | $1.1M | $284K | 100x | as long as short |
Variational Omni SKY
Lighter SKY
Nado SKY-PERP
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 | 0.07125 | +0.155% | $429K | $290K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07130 | +0.225% | $2.9M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07119 | +0.070% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07114 | 0.000% | $20K | $683K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07128 | +0.195% | $1K | $2K | 10x | as long as short |
| Injective SKY/USDC PERP | +0.0158% | 1h | 0.07172 | +0.815% | $392 | $303K | 12x | as long as short |
| Hyperliquid SKY | +0.0186% | 1h | 0.07143 | +0.410% | $3.0M | $925K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0529% / S −0.0248% | 1h | 0.07126 | +0.170% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Injective SKY/USDC PERP
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]