SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against MEXC−0.132%64s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.556% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.132%, 7d avg +0.006%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.138% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 64 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	MEXC SKY_USDT	0.06836	0.0100	pay 0.0050% / 4h	2h 16m	$999K	$268K	100x
Short	BloFin SKY-USDT	0.06827	0.0064	get 0.0032% / 4h	2h 16m	$576K	$29K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$7.54
Price spread: −0.132% → +0.006%: −$13.76
Slippage, 4 orders: −$39.6
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.9
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from MEXC: live order book, 20 min ago; BloFin: live order book, 10 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 MEXC live order book, 20 min ago	0.73 bp	9.0 bp −$9	44.2 bp −$442	269.8 bp −$27.0K	doesn't fit
Sell BloFin live order book, 10 min ago	2.94 bp	26.4 bp −$26	51.7 bp −$517	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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.834%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0039%	4h	0.06800	−0.522%	$182K	$113K	—	as long as short
BloFin SKY-USDTshort	+0.0064%	4h	0.06827	−0.132%	$576K	$29K	75x
Lighter SKY	+0.0096%	1h	0.06836	0.000%	$179K	$119K	10x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06843	+0.110%	$2.8M	$898K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06839	+0.037%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06836	+0.005%	$15.5M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06828	−0.117%	$7.1M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06829	−0.102%	$803K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06825	−0.161%	$581K	$293K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDTlong	+0.0100%	4h	0.06836	long leg	$999K	$268K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06838	+0.029%	$401K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06838	+0.029%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06833	−0.044%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06840	+0.059%	$27K	$646K	50x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06832	−0.055%	$71K	$34K	5x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06838	+0.026%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0521% / S −0.0248%	1h	0.06834	−0.035%	$81K	—	50x	as long as short