SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.16 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against BingX+0.241%111s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as 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−$700.697% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.241%, 7d avg +0.055%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.186% dearer against BingX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.055%. The two prices were read 111 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	BingX SKY-USDT	0.07048	0.0100	pay 0.0050% / 4h	25m 18s	—	$2.4M	—
Short	BloFin SKY-USDT	0.07065	0.0131	get 0.0066% / 4h	25m 18s	$591K	$29K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now +0.241%Rate

Funding earned: $6.6
Price spread: +0.241% → +0.055%: $18.59
Slippage, 4 orders: −$47.66
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$44.47
Costs to cover: 0.697%
Break-even: 54.2 days

Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 51 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 BingX live order book, 9 min ago	2.83 bp	16.9 bp −$17	47.3 bp −$473	245.7 bp −$24.6K	893.8 bp −$446.9K
Sell BloFin live order book, 51 min ago	2.12 bp	16.9 bp −$17	44.4 bp −$444	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	−0.0681%	4h	0.07038	−0.146%	$194K	$104K	—	as long as short
Bybit SKYUSDT	−0.0275%	4h	0.07045	−0.043%	$7.6M	$3.3M	25x	as long as short
Nado SKY-PERP	+0.0077%	1h	0.07044	−0.050%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07049	+0.007%	$185K	$155K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07051	+0.043%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07052	+0.054%	$16.0M	$10.2M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07046	−0.028%	$847K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07037	−0.156%	$600K	$256K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07052	+0.057%	$1.1M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07050	+0.028%	$421K	$291K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07051	+0.043%	$2.9M	$1.7M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.07048	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.07062	+0.199%	$19K	$678K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07055	+0.099%	$1K	$2K	10x	as long as short
BloFin SKY-USDTshort	+0.0131%	4h	0.07065	+0.241%	$591K	$29K	75x
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.759%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0215%	1h	0.07058	+0.146%	$3.0M	$903K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07052	+0.058%	$84K	—	50x	as long as short