Funding you earn now, next payment 00:00 UTC+0.0301%/8h= +33.0% APRnext payment +$1.51 per $10,000 · paid last 24h +0.009%
Price spread now: MEXC against Bybit+0.168%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$590.594% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.171%−$17 · spread now +0.168%, 7d avg +0.042%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.126% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.042%.
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 +$1.51 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 | 0.07146 | −0.0201 | get 0.0101% / 4h | 1h 36m | $7.8M | $3.3M | 25x |
| Short | MEXC SKY_USDT | 0.07158 | 0.0100 | get 0.0050% / 4h | 1h 36m | $1.1M | $283K | 100x |
Bybit SKYUSDT
MEXC SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $63.28
- Price spread: +0.168% → +0.042%
- $12.55
- Slippage, 4 orders
- −$44.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $16.45
- Costs to cover
- 0.594%
- Break-even
- 5.2 days
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 5 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 | 3.49 bp | 22.8 bp −$23 | 243.2 bp −$2,432 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.70 bp | 8.0 bp −$8 | 33.4 bp −$334 | 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 | −0.0491% | 4h | 0.07179 | +0.464% | $197K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0201% | 4h | 0.07146 | long leg | $7.8M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07172 | +0.364% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0034% | 1h | 0.07157 | +0.157% | $71K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07166 | +0.274% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07162 | +0.230% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07158 | +0.170% | $16.4M | $9.6M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07152 | +0.084% | $857K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07163 | +0.238% | $615K | $252K | 50x | as long as short |
| MEXC SKY_USDTshort | +0.0100% | 4h | 0.07158 | +0.168% | $1.1M | $283K | 100x |
Variational Omni SKY
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07162 | +0.224% | $439K | $282K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07159 | +0.182% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07154 | +0.112% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07176 | +0.420% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07159 | +0.176% | $694 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0135% | 4h | 0.07170 | +0.336% | $602K | $32K | 75x | as long as short |
| Hyperliquid SKY | +0.0338% | 1h | 0.07167 | +0.288% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0531% / S −0.0248% | 1h | 0.07154 | +0.116% | $85K | — | 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]