Funding you earn now, next payment 12:00 UTC+0.0365%/8h= +39.9% APRnext payment +$1.82 per $10,000 · paid last 24h +0.023%
Price spread now: MEXC against Bybit+0.119%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now +0.119%, 7d avg +0.048%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and MEXC is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.048%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.82 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKYUSDT | 0.06735 | −0.0265 | get 0.0132% / 4h | 1h 47m | $6.9M | $3.2M | 25x |
| Short | MEXC SKY_USDT | 0.06743 | 0.0100 | get 0.0050% / 4h | 1h 47m | $1.2M | $270K | 100x |
Bybit SKYUSDT
MEXC SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $76.61
- Price spread: +0.119% → +0.048%
- $7.06
- Slippage, 4 orders
- −$82.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$14.07
- Costs to cover
- 0.977%
- Break-even
- 8.3 days
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 60 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, 3 min ago | 0.74 bp | 38.9 bp −$39 | 433.2 bp −$4,332 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 60 min ago | 0.74 bp | 11.6 bp −$12 | 71.5 bp −$715 | 285.3 bp −$28.5K | doesn't fit |
SKY on 18 exchanges
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 | −0.0407% | 4h | 0.06739 | +0.056% | $180K | $83K | — | as long as short |
| Bybit SKYUSDTlong | −0.0265% | 4h | 0.06735 | long leg | $6.9M | $3.2M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +2.346% | $376 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0078% | 1h | 0.06738 | +0.052% | $67K | $35K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06744 | +0.128% | $178K | $101K | 10x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06753 | +0.269% | $2.8M | $787K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06744 | +0.134% | $42K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06745 | +0.142% | $15.0M | $10.6M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06737 | +0.030% | $785K | $1.0M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06730 | −0.074% | $570K | $259K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDTshort | +0.0100% | 4h | 0.06743 | +0.119% | $1.2M | $270K | 100x | |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06745 | +0.148% | $398K | $274K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06741 | +0.089% | $2.8M | $1.3M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06741 | +0.089% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06750 | +0.223% | $34K | $648K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06738 | +0.049% | $1K | $4K | 10x | as long as short |
| BloFin SKY-USDT | +0.0150% | 4h | 0.06756 | +0.312% | $575K | $32K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0515% / S −0.0249% | 1h | 0.06741 | +0.094% | $80K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]