SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against OKX+0.336%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$940.945% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.336%, 7d avg +0.098%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.238% dearer against OKX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.07135	0.0100	pay 0.0050% / 4h	1h 33m	$854K	$1.3M	20x
Short	BloFin SKY-USDT	0.07159	0.0145	get 0.0073% / 4h	1h 33m	$602K	$31K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.336%Rate

Funding earned: $9.52
Price spread: +0.336% → +0.098%: $23.84
Slippage, 4 orders: −$72.47
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$61.11
Costs to cover: 0.945%
Break-even: 51.9 days

Slippage from OKX: live order book, 4 min ago; BloFin: live order book, 48 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 OKX live order book, 4 min ago	4.20 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	2.08 bp	20.1 bp −$20	41.6 bp −$416	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	−0.0515%	4h	0.07152	+0.241%	$196K	$104K	—	as long as short
Bybit SKYUSDT	−0.0214%	4h	0.07127	−0.112%	$7.8M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07172	+0.519%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0033%	1h	0.07156	+0.298%	$71K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07142	+0.094%	$187K	$163K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07140	+0.076%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07139	+0.061%	$16.4M	$9.6M	75x	as long as short
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.07135	long leg	$854K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07127	−0.112%	$612K	$253K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07142	+0.098%	$1.1M	$284K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07129	−0.084%	$437K	$282K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07142	+0.098%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07134	−0.014%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07167	+0.448%	$20K	$685K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07136	+0.017%	$692	$2K	10x	as long as short
BloFin SKY-USDTshort	+0.0145%	4h	0.07159	+0.336%	$602K	$31K	75x
Hyperliquid SKY	+0.0340%	1h	0.07150	+0.217%	$3.0M	$907K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0530% / S −0.0248%	1h	0.07139	+0.056%	$85K	—	50x	as long as short