Funding you earn now, next payment 04:00 UTC+0.0201%/8h= +22.0% APRnext payment +$1.00 per $10,000 · paid last 24h +0.022%
Price spread now: BingX against Bybit+0.072%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$980.979% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.072%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.065% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.008%.
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 +$1.00 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 | 0.06904 | −0.0101 | get 0.0050% / 4h | 2h 03m | $7.3M | $3.3M | 25x |
| Short | BingX SKY-USDT | 0.06909 | 0.0100 | get 0.0050% / 4h | 2h 03m | — | $2.4M | — |
Bybit SKYUSDT
BingX SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $42.2
- Price spread: +0.072% → +0.008%
- $6.47
- Slippage, 4 orders
- −$76.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$49.25
- Costs to cover
- 0.979%
- Break-even
- 15.2 days
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 15 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, 4 min ago | 0.72 bp | 30.5 bp −$31 | 263.2 bp −$2,632 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 4.32 bp | 20.2 bp −$20 | 61.5 bp −$615 | 244.6 bp −$24.5K | 780.9 bp −$390.5K |
SKY on 17 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 | −0.0456% | 4h | 0.06901 | −0.039% | $184K | $126K | — | as long as short |
| Bybit SKYUSDTlong | −0.0101% | 4h | 0.06904 | long leg | $7.3M | $3.3M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.882% | $392 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06909 | +0.075% | $180K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06911 | +0.105% | $69K | $28K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06914 | +0.144% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06913 | +0.130% | $15.8M | $11.0M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06909 | +0.072% | $824K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06907 | +0.043% | $593K | $283K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06911 | +0.101% | $1.0M | $287K | 100x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06915 | +0.159% | $412K | $294K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06915 | +0.159% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDTshort | +0.0100% | 4h | 0.06909 | +0.072% | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06913 | +0.130% | $28K | $666K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06915 | +0.167% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0104% | 1h | 0.06931 | +0.397% | $2.9M | $920K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06912 | +0.120% | $82K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]