SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0211%/8h= −23.1% APRnext payment −$1.05 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against Orderly−0.210%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.210% cheaper against Orderly than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKY_USDC_mythos	0.07198	0.0100	pay 0.0050% / 4h	1h 50m	$698	$2K	10x
Short	Bybit SKYUSDT	0.07183	−0.0111	pay 0.0055% / 4h	1h 50m	$7.9M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$44.22
Price spread: −0.210% → 0.000%: −$20.98
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$82.2
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.39 bp	25.9 bp −$26	204.7 bp −$2,047	doesn't fit	doesn't fit

Orderly: 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	−0.0512%	4h	0.07205	+0.101%	$207K	$94K	—	as long as short
Bybit SKYUSDTshort	−0.0111%	4h	0.07183	−0.210%	$7.9M	$3.3M	25x
Injective SKY/USDC PERP	+0.0014%	1h	0.07197	−0.015%	$393	$260K	12x	as long as short
Nado SKY-PERP	+0.0080%	1h	0.07194	−0.057%	$71K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07197	−0.014%	$189K	$163K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07198	+0.002%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07197	−0.015%	$16.6M	$9.6M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07187	−0.154%	$868K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07199	+0.013%	$618K	$252K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07195	−0.043%	$1.1M	$278K	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	0.07200	+0.026%	$443K	$279K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07197	−0.015%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07191	−0.099%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07197	−0.015%	$20K	$687K	50x	as long as short
Orderly PERP_SKY_USDC_mythoslong	+0.0100%	4h	0.07198	long leg	$698	$2K	10x
BloFin SKY-USDT	+0.0117%	4h	0.07196	−0.029%	$606K	$609K	75x	as long as short
Hyperliquid SKY	+0.0411%	1h	0.07207	+0.125%	$3.0M	$904K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0533% / S −0.0248%	1h	0.07192	−0.085%	$85K	—	50x	as long as short