SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against BloFin−0.254%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.254%, 7d avg −0.097%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.156% cheaper against BloFin than usual: you would sell low and buy high (spread −0.254% now, against its 7-day average of −0.097%). If the spread goes back, that is −$16 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.009% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SKY-USDT	0.07097	0.0062	pay 0.0031% / 4h	40m 55s	$592K	$29K	75x
Short	OKX SKY-USDT-SWAP	0.07079	0.0100	get 0.0050% / 4h	40m 55s	$852K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.254%Rate

Funding earned: $8
Price spread: −0.254% → −0.097%: −$15.62
Slippage, 4 orders: −$78.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.92
Costs to cover: 1.003%
Break-even: 101.4 days

Slippage from BloFin: live order book, 35 min ago; OKX: live order book, 1 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, 35 min ago	2.12 bp	17.4 bp −$17	35.1 bp −$351	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.41 bp	33.9 bp −$34	452.2 bp −$4,522	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
Variational Omni SKY	−0.0557%	4h	0.07104	+0.093%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0248%	4h	0.07074	−0.324%	$7.6M	$3.4M	25x	as long as short
BloFin SKY-USDTlong	+0.0062%	4h	0.07097	long leg	$592K	$29K	75x
Lighter SKY	+0.0096%	1h	0.07091	−0.087%	$186K	$155K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07087	−0.134%	$70K	$25K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07088	−0.125%	$43K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07084	−0.183%	$16.1M	$10.4M	75x	as long as short
OKX SKY-USDT-SWAPshort	+0.0100%	4h	0.07079	−0.254%	$852K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07079	−0.254%	$604K	$255K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07087	−0.141%	$1.1M	$285K	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	0.07087	−0.141%	$424K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07082	−0.211%	$2.9M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07082	−0.211%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07110	+0.183%	$20K	$682K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07089	−0.106%	$1K	$2K	10x	as long as short
Hyperliquid SKY	+0.0158%	1h	0.07096	−0.008%	$3.0M	$927K	3x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.057%	$392	$303K	12x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07087	−0.142%	$84K	—	50x	as long as short