SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.10 per $10,000 · paid last 24h −0.016%

Price spread now: Bybit against BloFin−0.176%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.176%, 7d avg −0.091%

Together, before fees−0.097%−$10 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 0.086% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.091%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SKY-USDT	0.06805	0.0121	pay 0.0060% / 4h	2h 29m	$577K	$29K	75x
Short	Bybit SKYUSDT	0.06793	0.0100	get 0.0050% / 4h	2h 29m	$7.1M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$4.4
Price spread: −0.176% → −0.091%: −$8.57
Slippage, 4 orders: −$73.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$109.13
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from BloFin: live order book, 62 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 BloFin live order book, 62 min ago	0.73 bp	9.5 bp −$9	28.8 bp −$288	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.47 bp	29.8 bp −$30	147.3 bp −$1,473	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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.293%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0064%	4h	0.06788	−0.251%	$181K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06805	−0.003%	$178K	$119K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06802	−0.040%	$71K	$34K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06816	+0.159%	$2.8M	$903K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06806	+0.010%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06806	+0.010%	$15.5M	$11.1M	75x	as long as short
Bybit SKYUSDTshort	+0.0100%	4h	0.06793	−0.176%	$7.1M	$3.1M	25x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06796	−0.132%	$799K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06794	−0.162%	$577K	$287K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06803	−0.029%	$996K	$267K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06803	−0.029%	$399K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06798	−0.103%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06796	−0.132%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06800	−0.073%	$27K	$649K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06808	+0.050%	$1K	$3K	10x	as long as short
BloFin SKY-USDTlong	+0.0121%	4h	0.06805	long leg	$577K	$29K	75x
GMX SKY/USD [ETH-USDC]	L +0.0521% / S −0.0248%	1h	0.06806	+0.012%	$81K	—	50x	as long as short