Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against KuCoin+0.365%50s7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$856as 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−$8548.542% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.365%, 7d avg +0.088%
=The price spread pays, funding is against you. BloFin is 0.277% dearer against KuCoin than usual: you sell high and buy low (spread +0.365% now, against its 7-day average of +0.088%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.020% in total) that is about 3 months. The two prices were read 50 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 | KuCoin SKYUSDTM | 0.06848 | 0.0100 | pay 0.0050% / 4h | 36m 29s | $403K | $291K | 50x |
| Short | BloFin SKY-USDT | 0.06873 | 0.0064 | get 0.0032% / 4h | 36m 29s | $583K | $29K | 75x |
KuCoin SKYUSDTM
BloFin SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$7.46
- Price spread: +0.365% → +0.088%
- $27.66
- Slippage, 4 orders
- −$830.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$834.04
- Costs to cover
- 8.542%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 46 min ago; BloFin: live order book, 65 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 KuCoin live order book, 46 min ago | 25.18 bp | 236.7 bp −$237 | 772.4 bp −$7,724 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 65 min ago | 2.89 bp | 22.6 bp −$23 | 48.1 bp −$481 | 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 | −0.0185% | 4h | 0.06865 | +0.244% | $183K | $113K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.657% | $376 | $303K | 12x | as long as short |
| BloFin SKY-USDTshort | +0.0064% | 4h | 0.06873 | +0.365% | $583K | $29K | 75x | |
| Lighter SKY | +0.0096% | 1h | 0.06862 | +0.203% | $179K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06846 | −0.026% | $73K | $30K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06857 | +0.137% | $41K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06853 | +0.073% | $15.6M | $10.9M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06844 | −0.058% | $7.2M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06844 | −0.058% | $819K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06851 | +0.044% | $595K | $271K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit 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 | 0.06850 | +0.029% | $1.0M | $264K | 100x | as long as short |
| KuCoin SKYUSDTMlong | +0.0100% | 4h | 0.06848 | long leg | $403K | $291K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06846 | −0.029% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06849 | +0.015% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06874 | +0.380% | $27K | $661K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06856 | +0.123% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0330% | 1h | 0.06858 | +0.142% | $2.8M | $921K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0522% / S −0.0248% | 1h | 0.06852 | +0.051% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]