Funding you earn now, next payment 23:00 UTC−0.0447%/8h= −49.0% APRpaid last 24h −0.121%
Price spread now: BloFin against GMX−0.029%51s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 0.029% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | GMX SKY/USD [ETH-USDC] | 0.07172 | L +0.0532% / S −0.0248% | pay 0.0067% / 1h | 46m 24s | $85K | — | 50x |
| Short | BloFin SKY-USDT | 0.07170 | 0.0085 | get 0.0042% / 4h | 1h 46m | $604K | $33K | 75x |
GMX SKY/USD [ETH-USDC]
BloFin SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$93.92
- Price spread: −0.029% → 0.000%
- −$2.93
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$120.85
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 35 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 BloFin live order book, 35 min ago | 2.08 bp | 20.1 bp −$20 | 41.6 bp −$416 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0493% | 4h | 0.07181 | +0.130% | $198K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0175% | 4h | 0.07160 | −0.169% | $7.8M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07197 | +0.347% | $393 | $260K | 12x | as long as short |
| Nado SKY-PERP | +0.0040% | 1h | 0.07168 | −0.050% | $71K | $25K | 5x | as long as short |
| BloFin SKY-USDTshort | +0.0085% | 4h | 0.07170 | −0.029% | $604K | $33K | 75x | |
| Lighter SKY | +0.0096% | 1h | 0.07170 | −0.025% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07173 | +0.015% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07173 | +0.013% | $16.5M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07157 | −0.211% | $858K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07175 | +0.040% | $616K | $252K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07171 | −0.015% | $1.1M | $280K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07163 | −0.127% | $438K | $279K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07173 | +0.013% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07166 | −0.085% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07176 | +0.054% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07174 | +0.026% | $696 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0360% | 1h | 0.07180 | +0.112% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0532% / S −0.0248% | 1h | 0.07172 | long leg | $85K | — | 50x |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY