Funding you earn now, next payment 23:00 UTC+0.0501%/8h= +54.8% APRpaid last 24h +0.048%
Price spread now: GMX against Bybit+0.044%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.044% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKYUSDT | 0.07100 | −0.0253 | get 0.0127% / 4h | 1h 04m | $7.7M | $3.4M | 25x |
| Short | GMX SKY/USD [ETH-USDC] | 0.07103 | L +0.0528% / S −0.0248% | get 0.0031% / 1h | 4m 30s | $84K | — | 50x |
Bybit SKYUSDT
GMX SKY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $105.14
- Price spread: +0.044% → 0.000%
- $4.37
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $86.51
- Costs to cover
- 0.230%
- Break-even
- 1.2 days
Slippage unknown: Bybit: live order book, 9 min ago; GMX: no order-book sample. Net counts fees only.
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, 9 min ago | 2.12 bp | 25.7 bp −$26 | 276.5 bp −$2,765 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0652% | 4h | 0.07080 | −0.288% | $194K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0253% | 4h | 0.07100 | long leg | $7.7M | $3.4M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07172 | +1.014% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0073% | 1h | 0.07108 | +0.113% | $70K | $26K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07106 | +0.083% | $186K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07104 | +0.061% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07109 | +0.128% | $16.2M | $10.3M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07102 | +0.028% | $855K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07097 | −0.042% | $606K | $261K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07107 | +0.099% | $1.1M | $290K | 100x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07106 | +0.085% | $430K | $289K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07108 | +0.113% | $2.9M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07102 | +0.028% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07083 | −0.239% | $20K | $684K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07100 | −0.003% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0138% | 4h | 0.07103 | +0.042% | $594K | $29K | 75x | as long as short |
| Hyperliquid SKY | +0.0313% | 1h | 0.07120 | +0.276% | $3.0M | $928K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC]short | L +0.0528% / S −0.0248% | 1h | 0.07103 | +0.044% | $84K | — | 50x |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY