Funding you earn now, next payment 00:00 UTC−0.0377%/8h= −41.3% APRnext payment −$1.89 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Orderly−0.192%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$11 a day on $10k at the current rate, and Bybit is 0.192% cheaper against Orderly than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SKY_USDC_mythos | 0.07046 | 0.0100 | pay 0.0050% / 4h | 26m 07s | $1K | $2K | 10x |
| Short | Bybit SKYUSDT | 0.07032 | −0.0277 | pay 0.0139% / 4h | 26m 07s | $7.6M | $3.3M | 25x |
Orderly PERP_SKY_USDC_mythos
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- −$79.26
- Price spread: −0.192% → 0.000%
- −$19.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$115.42
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.71 bp | 22.6 bp −$23 | 189.1 bp −$1,891 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0681% | 4h | 0.07038 | −0.111% | $194K | $104K | — | as long as short |
| Bybit SKYUSDTshort | −0.0277% | 4h | 0.07032 | −0.192% | $7.6M | $3.3M | 25x | |
| Nado SKY-PERP | +0.0087% | 1h | 0.07052 | +0.092% | $70K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07046 | +0.004% | $185K | $155K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07050 | +0.069% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07046 | +0.007% | $16.0M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07040 | −0.078% | $847K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07040 | −0.078% | $600K | $256K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07043 | −0.035% | $1.1M | $286K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07049 | +0.050% | $420K | $291K | 50x | as long as short |
Variational Omni SKY
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKYUSDT | +0.0100% | 4h | 0.07047 | +0.021% | $2.9M | $1.7M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07042 | −0.050% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07062 | +0.234% | $19K | $678K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythoslong | +0.0100% | 4h | 0.07046 | long leg | $1K | $2K | 10x | |
| BloFin SKY-USDT | +0.0131% | 4h | 0.07065 | +0.277% | $591K | $29K | 75x | as long as short |
| Injective SKY/USDC PERP | +0.0158% | 1h | 0.07172 | +1.795% | $392 | $303K | 12x | as long as short |
| Hyperliquid SKY | +0.0213% | 1h | 0.07055 | +0.135% | $3.0M | $903K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07045 | −0.003% | $83K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
BloFin SKY-USDT
Injective SKY/USDC PERP
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]