SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0177%/8h= +19.3% APRnext payment +$0.88 per $10,000 · paid last 24h +0.023%

Price spread now: KuCoin against Bybit+0.192%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$541as in the Funding arb table

Net, price: spread back to 7d avg − costs−$530as in the Price arb table

costs, in and out, $10k−$5505.504% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.710%−$71 · spread now +0.192%, 7d avg −0.009%

Together, before fees−0.619%−$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.202% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKYUSDT	0.06770	−0.0077	get 0.0038% / 4h	2h 21m	$7.0M	$3.3M	25x
Short	KuCoin SKYUSDTM	0.06783	0.0100	get 0.0050% / 4h	2h 21m	$401K	$275K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.192%Rate

Funding earned: $37.11
Price spread: +0.192% → −0.009%: $20.15
Slippage, 4 orders: −$527.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$493.14
Costs to cover: 5.504%
Break-even: 100.0 days

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 23 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, 5 min ago	2.22 bp	30.6 bp −$31	287.1 bp −$2,871	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	28.01 bp	249.1 bp −$249	293.4 bp −$2,934	doesn't fit	doesn't fit

SKY on 18 exchanges

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	−0.0111%	4h	0.06767	−0.050%	$181K	$90K	—	as long as short
Bybit SKYUSDTlong	−0.0077%	4h	0.06770	long leg	$7.0M	$3.3M	25x
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.817%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0077%	4h	0.06780	+0.148%	$574K	$32K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06780	+0.148%	$178K	$106K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06775	+0.074%	$68K	$35K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06780	+0.148%	$42K	$41K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06777	+0.108%	$15.1M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06775	+0.074%	$792K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06767	−0.044%	$573K	$284K	50x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06777	+0.103%	$997K	$262K	100x	as long as short
KuCoin SKYUSDTMshort	+0.0100%	4h	0.06783	+0.192%	$401K	$275K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06777	+0.103%	$2.8M	$1.3M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06775	+0.074%	—	$2.5M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06778	+0.118%	$34K	$650K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06776	+0.084%	$1K	$4K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0518% / S −0.0249%	1h	0.06777	+0.097%	$80K	—	50x	as long as short
Hyperliquid SKY	+0.0672%	1h	0.06793	+0.337%	$2.8M	$812K	3x	as long as short