Funding you earn now, next payment 09:00 UTC−0.0417%/8h= −45.7% APRpaid last 24h −0.130%
Price spread now: Bitget against GMX−0.180%84s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.180% cheaper against GMX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 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 | GMX SKY/USD [ETH-USDC] | 0.06774 | L +0.0517% / S −0.0249% | pay 0.0065% / 1h | 59m 56s | $80K | — | 50x |
| Short | Bitget SKYUSDT | 0.06762 | 0.0100 | get 0.0050% / 4h | 2h 59m | $2.8M | $1.5M | 75x |
GMX SKY/USD [ETH-USDC]
Bitget SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against GMX. 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
- −$87.59
- Price spread: −0.180% → 0.000%
- −$18.01
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$129.6
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 3 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 3 min ago | 3.69 bp | 19.5 bp −$20 | 52.4 bp −$524 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDT | −0.0157% | 4h | 0.06758 | −0.239% | $7.0M | $3.3M | 25x | as long as short |
| Variational Omni SKY | −0.0101% | 4h | 0.06759 | −0.221% | $181K | $94K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +1.754% | $376 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0087% | 4h | 0.06775 | +0.012% | $570K | $25K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06767 | −0.108% | $178K | $107K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06763 | −0.165% | $68K | $35K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06778 | +0.055% | $2.8M | $915K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06772 | −0.032% | $41K | $45K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06765 | −0.137% | $15.1M | $11.7M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06762 | −0.180% | $790K | $1.2M | 20x | as long as short |
Bybit SKYUSDT
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06756 | −0.269% | $573K | $313K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06765 | −0.136% | $996K | $270K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06771 | −0.047% | $401K | $281K | 50x | as long as short |
| Bitget SKYUSDTshort | +0.0100% | 4h | 0.06762 | −0.180% | $2.8M | $1.5M | 75x | |
| BingX SKY-USDT | +0.0100% | 4h | 0.06761 | −0.195% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06786 | +0.174% | $34K | $651K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06769 | −0.078% | $1K | $5K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0517% / S −0.0249% | 1h | 0.06774 | long leg | $80K | — | 50x |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos