SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.022%

Price spread now: Bybit against Bitget−0.144%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Bitget 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+0.233%+$23 · spread now −0.144%, 7d avg +0.010%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.154% cheaper against Bitget than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06960	0.0100	pay 0.0050% / 4h	2h 23m	$2.9M	$1.6M	75x
Short	Bybit SKYUSDT	0.06950	0.0058	get 0.0029% / 4h	2h 23m	$7.4M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$8.87
Price spread: −0.144% → +0.010%: −$15.36
Slippage, 4 orders: −$88.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$135.51
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 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 Bitget live order book, 4 min ago	5.03 bp	22.9 bp −$23	62.1 bp −$621	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.72 bp	29.2 bp −$29	217.7 bp −$2,177	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	−0.0423%	4h	0.06962	+0.027%	$186K	$126K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.046%	$392	$303K	12x	as long as short
Bybit SKYUSDTshort	+0.0058%	4h	0.06950	−0.144%	$7.4M	$3.3M	25x
Lighter SKY	+0.0096%	1h	0.06956	−0.060%	$181K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06956	−0.061%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06964	+0.062%	$2.9M	$911K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06959	−0.017%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06957	−0.043%	$15.9M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06952	−0.115%	$830K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06957	−0.043%	$598K	$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	0.06956	−0.057%	$1.1M	$278K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06960	0.000%	$415K	$295K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.06960	long leg	$2.9M	$1.6M	75x
BingX SKY-USDT	+0.0100%	4h	0.06954	−0.086%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06926	−0.489%	$28K	$678K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06959	−0.017%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06953	−0.098%	$82K	—	50x	as long as short