Funding you earn now, next payment 04:00 UTC−0.0221%/8h= −24.2% APRnext payment −$1.11 per $10,000 · paid last 24h −0.022%
Price spread now: Bybit against MEXC−0.101%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.735% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.101%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.057% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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 | MEXC SKY_USDT | 0.06908 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $1.0M | $287K | 100x |
| Short | Bybit SKYUSDT | 0.06901 | −0.0121 | pay 0.0061% / 4h | 2h 05m | $7.3M | $3.3M | 25x |
MEXC SKY_USDT
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- −$46.49
- Price spread: −0.101% → −0.045%
- −$5.66
- Slippage, 4 orders
- −$58.54
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$125.68
- Costs to cover
- 0.735%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 3 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, 1 min ago | 0.72 bp | 6.0 bp −$6 | 51.7 bp −$517 | 280.1 bp −$28.0K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.72 bp | 28.9 bp −$29 | 189.8 bp −$1,898 | doesn't fit | doesn't fit |
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 | −0.0456% | 4h | 0.06901 | −0.097% | $184K | $126K | — | as long as short |
| Bybit SKYUSDTshort | −0.0121% | 4h | 0.06901 | −0.101% | $7.3M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.822% | $392 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06906 | −0.032% | $180K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06907 | −0.014% | $69K | $28K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06924 | +0.236% | $2.9M | $912K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06914 | +0.080% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06909 | +0.014% | $15.8M | $11.0M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06909 | +0.014% | $824K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06903 | −0.072% | $593K | $283K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDTlong | +0.0100% | 4h | 0.06908 | long leg | $1.0M | $287K | 100x | |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06913 | +0.072% | $412K | $295K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06912 | +0.058% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06902 | −0.087% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06913 | +0.072% | $28K | $666K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06910 | +0.036% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06908 | −0.003% | $82K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]