Funding you earn now, next payment 04:00 UTC−0.0365%/8h= −39.9% APRnext payment −$1.82 per $10,000 · paid last 24h −0.022%
Price spread now: Bybit against KuCoin−0.215%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$394as in the Funding arb table
Net, price: spread back to 7d avg − costs−$408as in the Price arb table
costs, in and out, $10k−$3853.845% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.534%+$53 · spread now −0.215%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.234% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
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 is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKYUSDTM | 0.06989 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $417K | $291K | 50x |
| Short | Bybit SKYUSDT | 0.06974 | −0.0265 | pay 0.0132% / 4h | 3h 50m | $7.5M | $3.4M | 25x |
KuCoin SKYUSDTM
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$76.61
- Price spread: −0.215% → +0.019%
- −$23.38
- Slippage, 4 orders
- −$361.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$484.49
- Costs to cover
- 3.845%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 71 min ago; Bybit: live order book, 2 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, 71 min ago | 18.32 bp | 161.3 bp −$161 | 225.6 bp −$2,256 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.42 bp | 26.6 bp −$27 | 243.3 bp −$2,433 | 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 | −0.0605% | 4h | 0.06982 | −0.101% | $193K | $104K | — | as long as short |
| Bybit SKYUSDTshort | −0.0265% | 4h | 0.06974 | −0.215% | $7.5M | $3.4M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +2.618% | $392 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0079% | 4h | 0.06990 | +0.014% | $580K | $29K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07007 | +0.252% | $194K | $166K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06997 | +0.118% | $68K | $26K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06990 | +0.009% | $2.9M | $900K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06994 | +0.075% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06985 | −0.064% | $15.8M | $10.6M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06975 | −0.200% | $839K | $1.3M | 20x | as long as short |
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 | 0.06979 | −0.143% | $592K | $260K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06986 | −0.043% | $1.0M | $282K | 100x | as long as short |
| KuCoin SKYUSDTMlong | +0.0100% | 4h | 0.06989 | long leg | $417K | $291K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06983 | −0.086% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06982 | −0.100% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07064 | +1.073% | $22K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06999 | +0.136% | $1K | $2K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0525% / S −0.0248% | 1h | 0.06997 | +0.122% | $83K | — | 50x | as long as short |
Gate SKY_USDT
MEXC SKY_USDT
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]