Funding you earn now, next payment 04:00 UTC+0.0316%/8h= +34.6% APRnext payment +$1.58 per $10,000 · paid last 24h +0.043%
Price spread now: Bybit against Variational Omni−0.105%7-day average +0.009% · 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)+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.610%−$61 · spread now −0.105%, 7d avg +0.009%
=Together, before fees−0.561%+ Points / potential airdropVariational Omni: Active · farm board−$56 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.115% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of +0.009%). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.050% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.050% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.58 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 | Variational Omni SKY | 0.06913 | −0.0470 | get 0.0235% / 4h | 2h 10m | $185K | $126K | — |
| Short | Bybit SKYUSDT | 0.06906 | −0.0154 | pay 0.0077% / 4h | 2h 10m | $7.3M | $3.3M | 25x |
Variational Omni SKY
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- $66.34
- Price spread: −0.105% → +0.009%
- −$11.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $43.87
- Costs to cover
- 0.110%
- Break-even
- 2.4 days
Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Bybit: live order book, 3 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 Variational Omni RFQ quote, 59 min ago | 4.26 bp | doesn't fit | 139.3 bp −$1,393 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.17 bp | 24.7 bp −$25 | 182.1 bp −$1,821 | 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 SKYlong | −0.0470% | 4h | 0.06913 | long leg | $185K | $126K | — | |
| Bybit SKYUSDTshort | −0.0154% | 4h | 0.06906 | −0.105% | $7.3M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.742% | $392 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06912 | −0.013% | $180K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06915 | +0.032% | $69K | $28K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06924 | +0.149% | $2.9M | $914K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06920 | +0.101% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06915 | +0.025% | $15.8M | $11.1M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06909 | −0.062% | $825K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06920 | +0.097% | $594K | $283K | 50x | as long as short |
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_USDT | +0.0100% | 4h | 0.06915 | +0.025% | $1.0M | $286K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06921 | +0.112% | $412K | $295K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06919 | +0.083% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06913 | −0.004% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06934 | +0.300% | $28K | $668K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06915 | +0.031% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06912 | −0.017% | $82K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]