Funding you earn now, next payment 00:00 UTC+0.0370%/8h= +40.5% APRnext payment +$1.85 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Bybit+0.014%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.014%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.85 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 | Bybit SKYUSDT | 0.07044 | −0.0270 | get 0.0135% / 4h | 23m 24s | $7.6M | $3.3M | 25x |
| Short | BingX SKY-USDT | 0.07045 | 0.0100 | get 0.0050% / 4h | 23m 24s | — | $2.4M | — |
Bybit SKYUSDT
BingX SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $77.61
- Price spread: +0.014% → +0.007%
- $0.71
- Slippage, 4 orders
- −$66.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$9.02
- Costs to cover
- 0.873%
- Break-even
- 7.8 days
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 11 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 Bybit live order book, 5 min ago | 0.71 bp | 29.4 bp −$29 | 303.5 bp −$3,035 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 2.83 bp | 18.4 bp −$18 | 60.6 bp −$606 | 247.6 bp −$24.8K | 838.2 bp −$419.1K |
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 | −0.0681% | 4h | 0.07038 | −0.090% | $194K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0270% | 4h | 0.07044 | long leg | $7.6M | $3.3M | 25x | |
| Nado SKY-PERP | +0.0067% | 1h | 0.07046 | +0.028% | $70K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07048 | +0.057% | $185K | $155K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07051 | +0.099% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07045 | +0.020% | $16.0M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07041 | −0.043% | $847K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07038 | −0.085% | $600K | $256K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07047 | +0.043% | $1.1M | $286K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07048 | +0.057% | $420K | $290K | 50x | as long as short |
Variational Omni SKY
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKYUSDT | +0.0100% | 4h | 0.07049 | +0.071% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDTshort | +0.0100% | 4h | 0.07045 | +0.014% | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07054 | +0.142% | $19K | $678K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07051 | +0.101% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0101% | 4h | 0.07053 | +0.128% | $590K | $29K | 75x | as long as short |
| Injective SKY/USDC PERP | +0.0158% | 1h | 0.07172 | +1.817% | $392 | $303K | 12x | as long as short |
| Hyperliquid SKY | +0.0204% | 1h | 0.07056 | +0.175% | $3.0M | $890K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0527% / S −0.0248% | 1h | 0.07046 | +0.033% | $83K | — | 50x | as long as short |
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Injective SKY/USDC PERP
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]