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: Bybit against KuCoin−0.196%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$882as in the Funding arb table
Net, price: spread back to 7d avg − costs−$896as in the Price arb table
costs, in and out, $10k−$8758.746% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.593%+$59 · spread now −0.196%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.217% cheaper against KuCoin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
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 | KuCoin SKYUSDTM | 0.07160 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $439K | $282K | 50x |
| Short | Bybit SKYUSDT | 0.07146 | −0.0201 | pay 0.0101% / 4h | 1h 35m | $7.8M | $3.3M | 25x |
KuCoin SKYUSDTM
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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: −0.196% → +0.021%
- −$21.69
- Slippage, 4 orders
- −$851.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$959.57
- Costs to cover
- 8.746%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 36 min ago; Bybit: live order book, 2 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 KuCoin live order book, 36 min ago | 37.53 bp | 254.0 bp −$254 | 834.1 bp −$8,341 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.49 bp | 17.2 bp −$17 | 137.0 bp −$1,370 | 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 | +0.268% | $197K | $104K | — | as long as short |
| Bybit SKYUSDTshort | −0.0201% | 4h | 0.07146 | −0.196% | $7.8M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07172 | +0.168% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0034% | 1h | 0.07157 | −0.038% | $71K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07157 | −0.036% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07162 | +0.022% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07161 | +0.014% | $16.5M | $9.6M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07149 | −0.154% | $855K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07160 | 0.000% | $615K | $252K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07159 | −0.014% | $1.1M | $283K | 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
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTMlong | +0.0100% | 4h | 0.07160 | long leg | $439K | $282K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07157 | −0.042% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07155 | −0.070% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07176 | +0.223% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07159 | −0.020% | $694 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0135% | 4h | 0.07170 | +0.140% | $602K | $32K | 75x | as long as short |
| Hyperliquid SKY | +0.0338% | 1h | 0.07165 | +0.071% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0531% / S −0.0248% | 1h | 0.07154 | −0.080% | $85K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]