Funding you earn now, next payment 12:00 UTC−0.0359%/8h= −39.3% APRnext payment −$1.80 per $10,000 · paid last 24h −0.023%
Price spread now: Bybit against OKX−0.015%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1151.153% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now −0.015%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.020% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.80 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 | OKX SKY-USDT-SWAP | 0.06832 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $800K | $1.2M | 20x |
| Short | Bybit SKYUSDT | 0.06831 | −0.0259 | pay 0.0130% / 4h | 3h 40m | $7.1M | $3.3M | 25x |
OKX SKY-USDT-SWAP
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$75.43
- Price spread: −0.015% → +0.005%
- −$2
- Slippage, 4 orders
- −$94.32
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$192.75
- Costs to cover
- 1.153%
- Break-even
- never at this rate
Slippage from OKX: 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 OKX live order book, 1 min ago | 4.39 bp | 31.7 bp −$32 | 1146.1 bp −$11.5K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.20 bp | 28.4 bp −$28 | 179.2 bp −$1,792 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDTshort | −0.0259% | 4h | 0.06831 | −0.015% | $7.1M | $3.3M | 25x | |
| Variational Omni SKY | −0.0004% | 4h | 0.06831 | −0.009% | $182K | $98K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.893% | $376 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06832 | 0.000% | $180K | $105K | 10x | as long as short |
| BloFin SKY-USDT | +0.0098% | 4h | 0.06817 | −0.220% | $580K | $28K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06828 | −0.055% | $69K | $35K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06842 | +0.143% | $2.8M | $893K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06833 | +0.019% | $42K | $45K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06834 | +0.034% | $15.4M | $11.4M | 75x | as long as short |
| OKX SKY-USDT-SWAPlong | +0.0100% | 4h | 0.06832 | long leg | $800K | $1.2M | 20x |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
BloFin SKY-USDT
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06823 | −0.132% | $583K | $293K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06837 | +0.073% | $1.0M | $267K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06823 | −0.132% | $403K | $293K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06830 | −0.029% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06832 | 0.000% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06827 | −0.073% | $34K | $654K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06835 | +0.041% | $1K | $5K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0521% / S −0.0248% | 1h | 0.06831 | −0.018% | $81K | — | 50x | as long as short |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]