Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h +0.004%
Price spread now: Gate against BloFin+0.501%48s7-day average −0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as 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−$2082.077% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 3 days (all we have)−0.708%−$71 · spread now +0.501%, 7d avg −0.133%
=The price spread pays, funding is against you. Gate is 0.635% dearer against BloFin than usual: you sell high and buy low (spread +0.501% now, against its 7-day average of −0.133%): +$63 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 45 days. The two prices were read 48 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 | BloFin SKY-USDT | 0.06983 | 0.0147 | pay 0.0074% / 4h | 3h 36m | $594K | $29K | 75x |
| Short | Gate SKY_USDT | 0.07018 | 0.0100 | get 0.0050% / 4h | 3h 36m | $590K | $264K | 50x |
BloFin SKY-USDT
Gate SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- −$9.93
- Price spread: +0.501% → −0.133%
- $63.47
- Slippage, 4 orders
- −$180.7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$154.16
- Costs to cover
- 2.077%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 35 min ago; Gate: live order book, 35 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 BloFin live order book, 35 min ago | 1.42 bp | 15.9 bp −$16 | 35.6 bp −$356 | doesn't fit | doesn't fit |
| Sell Gate live order book, 35 min ago | 2.84 bp | 95.6 bp −$96 | doesn't fit | 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 | −0.0625% | 4h | 0.07014 | +0.443% | $201K | $127K | — | as long as short |
| Bybit SKYUSDT | −0.0582% | 4h | 0.07021 | +0.544% | $7.6M | $3.5M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +2.707% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0041% | 1h | 0.07027 | +0.630% | $69K | $27K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07025 | +0.601% | $189K | $170K | 10x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.07031 | +0.692% | $2.9M | $898K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07028 | +0.638% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07029 | +0.659% | $16.2M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07022 | +0.558% | $842K | $1.3M | 20x | as long as short |
| Gate SKY_USDTshort | +0.0100% | 4h | 0.07018 | +0.501% | $590K | $264K | 50x |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07026 | +0.616% | $1.0M | $283K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07018 | +0.501% | $411K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07027 | +0.630% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07018 | +0.501% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06981 | −0.029% | $24K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07026 | +0.619% | $943 | $3K | 10x | as long as short |
| BloFin SKY-USDTlong | +0.0147% | 4h | 0.06983 | long leg | $594K | $29K | 75x | |
| GMX SKY/USD [ETH-USDC] | L +0.0525% / S −0.0248% | 1h | 0.07023 | +0.569% | $83K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]