Funding you earn now, next payment 22:00 UTC−0.0362%/8h= −39.6% APRpaid last 24h −0.006%
Price spread now: Bybit against Nado−0.097%59s7-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
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.097% cheaper against Nado 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 59 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 | Nado SKY-PERP | 0.07197 | 0.0100 | pay 0.0012% / 1h | 36m 33s | $71K | $26K | 5x |
| Short | Bybit SKYUSDT | 0.07190 | −0.0262 | pay 0.0131% / 4h | 2h 36m | $7.9M | $3.3M | 25x |
Nado SKY-PERP
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Nado. 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
- −$76.02
- Price spread: −0.097% → 0.000%
- −$9.73
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.75
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Nado: no order-book sample; Bybit: 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 Nado no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 0.70 bp | 29.5 bp −$29 | 253.1 bp −$2,531 | doesn't fit | doesn't fit |
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 | −0.0621% | 4h | 0.07188 | −0.132% | $207K | $94K | — | as long as short |
| Bybit SKYUSDTshort | −0.0262% | 4h | 0.07190 | −0.097% | $7.9M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07199 | +0.028% | $393 | $222K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07193 | −0.058% | $188K | $163K | 10x | as long as short |
| Nado SKY-PERPlong | +0.0100% | 1h | 0.07197 | long leg | $71K | $26K | 5x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.07197 | +0.001% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07198 | +0.015% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07187 | −0.139% | $873K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07189 | −0.111% | $618K | $254K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07193 | −0.056% | $1.1M | $280K | 100x | as long as short |
Variational Omni SKY
Injective SKY/USDC 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 SKYUSDTM | +0.0100% | 4h | 0.07184 | −0.181% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07197 | 0.000% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07189 | −0.111% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07204 | +0.097% | $20K | $685K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07200 | +0.036% | $698 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0139% | 4h | 0.07200 | +0.042% | $609K | $610K | 75x | as long as short |
| Hyperliquid SKY | +0.0360% | 1h | 0.07202 | +0.074% | $3.0M | $904K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07195 | −0.024% | $85K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]