Funding you earn now, next payment 04:00 UTC+0.0460%/8h= +50.4% APRnext payment +$2.30 per $10,000 · paid last 24h +0.022%
Price spread now: Gate against Bybit+0.085%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2312.306% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.085%, 7d avg −0.058%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Gate is 0.143% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.30 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 | 0.07038 | −0.0360 | get 0.0180% / 4h | 3h 19m | $7.6M | $3.5M | 25x |
| Short | Gate SKY_USDT | 0.07044 | 0.0100 | get 0.0050% / 4h | 3h 19m | $592K | $265K | 50x |
Bybit SKYUSDT
Gate SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $96.65
- Price spread: +0.085% → −0.058%
- $14.29
- Slippage, 4 orders
- −$204.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$119.69
- Costs to cover
- 2.306%
- Break-even
- 15.7 days
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 52 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 | 2.13 bp | 31.8 bp −$32 | 135.4 bp −$1,354 | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 2.84 bp | 95.6 bp −$96 | doesn't fit | 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 | −0.0594% | 4h | 0.07042 | +0.062% | $203K | $118K | — | as long as short |
| Bybit SKYUSDTlong | −0.0360% | 4h | 0.07038 | long leg | $7.6M | $3.5M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +1.904% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0060% | 1h | 0.07049 | +0.156% | $69K | $27K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07047 | +0.132% | $190K | $171K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07051 | +0.187% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07043 | +0.077% | $16.2M | $10.8M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07039 | +0.014% | $848K | $1.3M | 20x | as long as short |
| Gate SKY_USDTshort | +0.0100% | 4h | 0.07044 | +0.085% | $592K | $265K | 50x | |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07051 | +0.185% | $1.0M | $285K | 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
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 | 0.07051 | +0.185% | $418K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07053 | +0.213% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07046 | +0.114% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07056 | +0.256% | $24K | $681K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07050 | +0.165% | $946 | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0109% | 4h | 0.07050 | +0.171% | $598K | $30K | 75x | as long as short |
| Hyperliquid SKY | +0.0112% | 1h | 0.07062 | +0.341% | $2.9M | $902K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0527% / S −0.0248% | 1h | 0.07048 | +0.142% | $83K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]