Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.021%
Price spread now: Nado against Bybit+0.138%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.138% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKYUSDT | 0.06867 | 0.0046 | pay 0.0023% / 4h | 49m 41s | $7.2M | $3.2M | 25x |
| Short | Nado SKY-PERP | 0.06877 | 0.0100 | get 0.0012% / 1h | 49m 41s | $73K | $30K | 5x |
Bybit SKYUSDT
Nado SKY-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $11.28
- Price spread: +0.138% → 0.000%
- $13.83
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $7.11
- Costs to cover
- 0.180%
- Break-even
- 2.6 days
Slippage unknown: Bybit: live order book, 3 min ago; Nado: no order-book sample. Net counts fees only.
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 | 1.46 bp | 31.4 bp −$31 | 279.6 bp −$2,796 | doesn't fit | doesn't fit |
| Sell Nado no order-book sample | — | — | — | — | — |
Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0252% | 4h | 0.06861 | −0.083% | $183K | $113K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.379% | $376 | $303K | 12x | as long as short |
| Bybit SKYUSDTlong | +0.0046% | 4h | 0.06867 | long leg | $7.2M | $3.2M | 25x | |
| BloFin SKY-USDT | +0.0089% | 4h | 0.06886 | +0.277% | $587K | $29K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06871 | +0.063% | $179K | $177K | 10x | as long as short |
| Nado SKY-PERPshort | +0.0100% | 1h | 0.06877 | +0.138% | $73K | $30K | 5x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.06872 | +0.067% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06872 | +0.073% | $15.7M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06866 | −0.015% | $823K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06865 | −0.029% | $596K | $271K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06872 | +0.073% | $1.0M | $262K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06871 | +0.058% | $404K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06872 | +0.073% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06867 | 0.000% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06889 | +0.320% | $27K | $661K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06872 | +0.076% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0149% | 1h | 0.06883 | +0.240% | $2.8M | $929K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0522% / S −0.0248% | 1h | 0.06872 | +0.073% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]