Funding you earn now, next payment 04:00 UTC−0.1792%/8h= −196.2% APRnext payment −$8.96 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against BingX−0.099%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$810.807% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days+0.112%+$11 · spread now −0.099%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and Bybit is 0.092% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.96 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 | BingX SKY-USDT | 0.07047 | 0.0100 | pay 0.0050% / 4h | 3h 57m | — | $2.4M | — |
| Short | Bybit SKYUSDT | 0.07040 | −0.1692 | pay 0.0846% / 4h | 3h 57m | $7.6M | $3.3M | 25x |
BingX SKY-USDT
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$376.32
- Price spread: −0.099% → −0.007%
- −$9.23
- Slippage, 4 orders
- −$59.66
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$466.21
- Costs to cover
- 0.807%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 10 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, 11 min ago | 2.84 bp | 15.0 bp −$15 | 51.2 bp −$512 | 245.4 bp −$24.5K | 937.5 bp −$468.7K |
| Sell Bybit live order book, 10 min ago | 2.13 bp | 20.5 bp −$21 | 196.8 bp −$1,968 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDTshort | −0.1692% | 4h | 0.07040 | −0.099% | $7.6M | $3.3M | 25x | |
| Variational Omni SKY | −0.0643% | 4h | 0.07042 | −0.070% | $193K | $104K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +1.774% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0053% | 1h | 0.07045 | −0.021% | $70K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07054 | +0.096% | $191K | $161K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07051 | +0.057% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07051 | +0.056% | $16.0M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07045 | −0.028% | $849K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07045 | −0.028% | $601K | $252K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07050 | +0.043% | $1.1M | $280K | 100x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07038 | −0.128% | $420K | $290K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07050 | +0.043% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDTlong | +0.0100% | 4h | 0.07047 | long leg | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07056 | +0.128% | $22K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07049 | +0.034% | $1K | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0118% | 1h | 0.07061 | +0.197% | $3.0M | $890K | 3x | as long as short |
| BloFin SKY-USDT | +0.0134% | 4h | 0.07053 | +0.085% | $587K | $30K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07047 | +0.006% | $83K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]