Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Gate+0.445%318s7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2092.095% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.445%, 7d avg +0.133%
=The price spread pays, funding is against you. BloFin is 0.313% dearer against Gate than usual: you sell high and buy low (spread +0.445% now, against its 7-day average of +0.133%): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 51 days. Mind the row above: over the last 7 days funding on this pair paid +0.153%, so the current rate has only just turned against you. The two prices were read 318 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 | Gate SKY_USDT | 0.06962 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $592K | $268K | 50x |
| Short | BloFin SKY-USDT | 0.06993 | 0.0080 | get 0.0040% / 4h | 2h 43m | $596K | $29K | 75x |
Gate SKY_USDT
BloFin SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$4.29
- Price spread: +0.445% → +0.133%
- $31.26
- Slippage, 4 orders
- −$182.48
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$182.51
- Costs to cover
- 2.095%
- Break-even
- never at this rate
Slippage from Gate: live order book, 22 min ago; BloFin: live order book, 22 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 Gate live order book, 22 min ago | 4.27 bp | 84.4 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 2.13 bp | 15.0 bp −$15 | 42.3 bp −$423 | 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 | −0.0488% | 4h | 0.06962 | −0.001% | $201K | $118K | — | as long as short |
| Bybit SKYUSDT | −0.0160% | 4h | 0.06965 | +0.043% | $7.4M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.016% | $392 | $303K | 12x | as long as short |
| BloFin SKY-USDTshort | +0.0080% | 4h | 0.06993 | +0.445% | $596K | $29K | 75x | |
| Lighter SKY | +0.0096% | 1h | 0.06967 | +0.072% | $182K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06961 | −0.007% | $70K | $28K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06974 | +0.171% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06973 | +0.158% | $16.0M | $11.0M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06972 | +0.144% | $836K | $1.3M | 20x | as long as short |
| Gate SKY_USDTlong | +0.0100% | 4h | 0.06962 | long leg | $592K | $268K | 50x |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06973 | +0.158% | $1.0M | $269K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06975 | +0.187% | $412K | $294K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06974 | +0.172% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06970 | +0.115% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06970 | +0.115% | $24K | $678K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06969 | +0.098% | $935 | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0262% | 1h | 0.06985 | +0.326% | $2.9M | $910K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0525% / S −0.0248% | 1h | 0.06966 | +0.055% | $82K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]