Funding you earn now, next payment 04:00 UTC−0.0571%/8h= −62.6% APRnext payment −$2.86 per $10,000 · paid last 24h −0.022%
Price spread now: Bybit against Bitget+0.014%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1011.012% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now +0.014%, 7d avg +0.011%
=The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
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 −$2.86 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 | Bitget SKYUSDT | 0.07027 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $2.9M | $1.6M | 75x |
| Short | Bybit SKYUSDT | 0.07028 | −0.0471 | pay 0.0236% / 4h | 3h 11m | $7.5M | $3.4M | 25x |
Bitget SKYUSDT
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$119.98
- Price spread: +0.014% → +0.011%
- $0.3
- Slippage, 4 orders
- −$78.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$220.89
- Costs to cover
- 1.012%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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 Bitget live order book, 1 min ago | 4.27 bp | 21.0 bp −$21 | 61.8 bp −$618 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.13 bp | 31.3 bp −$31 | 115.3 bp −$1,153 | 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 | −0.0621% | 4h | 0.07018 | −0.129% | $202K | $118K | — | as long as short |
| Bybit SKYUSDTshort | −0.0471% | 4h | 0.07028 | +0.014% | $7.5M | $3.4M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +2.063% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0086% | 1h | 0.07039 | +0.171% | $71K | $28K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07039 | +0.175% | $190K | $171K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07037 | +0.146% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07036 | +0.128% | $16.2M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07031 | +0.057% | $847K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07037 | +0.142% | $591K | $265K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07034 | +0.100% | $1.0M | $286K | 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 | 0.07039 | +0.171% | $413K | $293K | 50x | as long as short |
| Bitget SKYUSDTlong | +0.0100% | 4h | 0.07027 | long leg | $2.9M | $1.6M | 75x | |
| BingX SKY-USDT | +0.0100% | 4h | 0.07033 | +0.085% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07039 | +0.171% | $24K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07041 | +0.196% | $945 | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0123% | 4h | 0.07066 | +0.555% | $600K | $30K | 75x | as long as short |
| Hyperliquid SKY | +0.0133% | 1h | 0.07043 | +0.223% | $2.9M | $905K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07035 | +0.111% | $83K | — | 50x | as long as short |
KuCoin SKYUSDTM
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]