Funding you earn now, next payment 00:00 UTC+0.0216%/8h= +23.7% APRnext payment +$1.08 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against Bybit+0.209%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.222%−$22 · spread now +0.209%, 7d avg +0.049%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.159% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.049%.
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 +$1.08 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 | Bybit SKYUSDT | 0.07186 | −0.0116 | get 0.0058% / 4h | 2h 12m | $7.9M | $3.3M | 25x |
| Short | Binance SKYUSDT | 0.07201 | 0.0100 | get 0.0050% / 4h | 2h 12m | $16.6M | $9.5M | 75x |
Bybit SKYUSDT
Binance SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $45.39
- Price spread: +0.209% → +0.049%
- $15.94
- Slippage, 4 orders
- −$77.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.51
- Costs to cover
- 0.988%
- Break-even
- 12.8 days
Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 13 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 Bybit live order book, 6 min ago | 3.48 bp | 35.6 bp −$36 | 313.3 bp −$3,133 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.69 bp | 15.2 bp −$15 | 52.5 bp −$525 | 323.0 bp −$32.3K | 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 | −0.0506% | 4h | 0.07191 | +0.072% | $207K | $94K | — | as long as short |
| Bybit SKYUSDTlong | −0.0116% | 4h | 0.07186 | long leg | $7.9M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07199 | +0.181% | $393 | $222K | 12x | as long as short |
| BloFin SKY-USDT | +0.0056% | 4h | 0.07202 | +0.223% | $607K | $610K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07203 | +0.242% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07199 | +0.188% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07206 | +0.281% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDTshort | +0.0100% | 4h | 0.07201 | +0.209% | $16.6M | $9.5M | 75x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07198 | +0.167% | $871K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07195 | +0.125% | $618K | $254K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07200 | +0.195% | $1.1M | $283K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07185 | −0.014% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07205 | +0.264% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07195 | +0.125% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07210 | +0.334% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07205 | +0.267% | $699 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0371% | 1h | 0.07214 | +0.383% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0533% / S −0.0248% | 1h | 0.07202 | +0.223% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]