Funding you earn now, next payment 02:00 UTC−0.0424%/8h= −46.4% APRpaid last 24h −0.118%
Price spread now: Bitget against GMX−0.097%54s7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.097% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | GMX SKY/USD [ETH-USDC] | 0.06941 | L +0.0524% / S −0.0248% | pay 0.0065% / 1h | 31m 23s | $82K | — | 50x |
| Short | Bitget SKYUSDT | 0.06934 | 0.0100 | get 0.0050% / 4h | 2h 31m | $2.9M | $1.6M | 75x |
GMX SKY/USD [ETH-USDC]
Bitget SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against GMX. 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
- −$89.01
- Price spread: −0.097% → 0.000%
- −$9.65
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$122.66
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 1 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 1 min ago | 3.60 bp | 25.8 bp −$26 | 66.4 bp −$664 | doesn't fit | doesn't fit |
GMX: 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 17 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 | −0.0464% | 4h | 0.06915 | −0.364% | $185K | $132K | — | as long as short |
| Bybit SKYUSDT | +0.0015% | 4h | 0.06928 | −0.183% | $7.4M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.333% | $392 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06932 | −0.124% | $181K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06935 | −0.079% | $69K | $28K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06937 | −0.057% | $42K | $45K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06938 | −0.045% | $15.9M | $11.1M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06932 | −0.125% | $828K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06931 | −0.140% | $593K | $281K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06937 | −0.053% | $1.0M | $271K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06937 | −0.053% | $413K | $295K | 50x | as long as short |
| Bitget SKYUSDTshort | +0.0100% | 4h | 0.06934 | −0.097% | $2.9M | $1.6M | 75x | |
| BingX SKY-USDT | +0.0100% | 4h | 0.06931 | −0.140% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06921 | −0.284% | $28K | $679K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06937 | −0.056% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0107% | 1h | 0.06946 | +0.071% | $2.9M | $915K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0524% / S −0.0248% | 1h | 0.06941 | long leg | $82K | — | 50x |
KuCoin SKYUSDTM
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY