SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.022%

Price spread now: Bybit against Binance−0.115%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$890.889% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.112%+$11 · spread now −0.115%, 7d avg −0.052%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.063% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06944	0.0100	pay 0.0050% / 4h	2h 20m	$15.9M	$11.0M	75x
Short	Bybit SKYUSDT	0.06936	−0.0006	pay 0.0003% / 4h	2h 20m	$7.3M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$22.34
Price spread: −0.115% → −0.052%: −$6.27
Slippage, 4 orders: −$67.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$117.49
Costs to cover: 0.889%
Break-even: never at this rate

Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago	1.43 bp	11.8 bp −$12	49.8 bp −$498	348.3 bp −$34.8K	doesn't fit
Sell Bybit live order book, 3 min ago	2.16 bp	28.2 bp −$28	205.7 bp −$2,057	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 SKY	−0.0426%	4h	0.06940	−0.054%	$185K	$126K	—	as long as short
Bybit SKYUSDTshort	−0.0006%	4h	0.06936	−0.115%	$7.3M	$3.3M	25x
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.283%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06941	−0.043%	$181K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06941	−0.040%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06953	+0.135%	$2.9M	$911K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06947	+0.049%	$42K	$44K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06944	long leg	$15.9M	$11.0M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06940	−0.058%	$828K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06953	+0.130%	$597K	$283K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06944	0.000%	$1.0M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06951	+0.101%	$414K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06948	+0.058%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06942	−0.029%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06952	+0.115%	$28K	$668K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06948	+0.059%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06941	−0.048%	$82K	—	50x	as long as short