Funding you earn now, next payment 00:00 UTC+0.0261%/8h= +28.6% APRnext payment +$1.30 per $10,000 · paid last 24h +0.009%
Price spread now: Bitget against Bybit+0.098%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.156%−$16 · spread now +0.098%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.110% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.012%.
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 +$1.30 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 | 0.07111 | −0.0161 | get 0.0080% / 4h | 48m 40s | $7.7M | $3.4M | 25x |
| Short | Bitget SKYUSDT | 0.07118 | 0.0100 | get 0.0050% / 4h | 48m 40s | $2.9M | $2.1M | 75x |
Bybit SKYUSDT
Bitget SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $54.76
- Price spread: +0.098% → −0.012%
- $11.02
- Slippage, 4 orders
- −$66.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$23.81
- Costs to cover
- 0.896%
- Break-even
- 10.0 days
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 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 | 1.40 bp | 27.7 bp −$28 | 274.4 bp −$2,744 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.62 bp | 21.1 bp −$21 | 70.5 bp −$705 | 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 | −0.0563% | 4h | 0.07114 | +0.037% | $195K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0161% | 4h | 0.07111 | long leg | $7.7M | $3.4M | 25x | |
| Lighter SKY | +0.0096% | 1h | 0.07120 | +0.131% | $187K | $155K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07124 | +0.179% | $71K | $26K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.07133 | +0.304% | $3.0M | $927K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07124 | +0.181% | $43K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07118 | +0.098% | $16.2M | $10.4M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07113 | +0.028% | $857K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07117 | +0.084% | $607K | $255K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07117 | +0.084% | $1.1M | $285K | 100x | as long as short |
Variational Omni SKY
Lighter SKY
Nado SKY-PERP
Hyperliquid 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 | 0.07116 | +0.070% | $426K | $290K | 50x | as long as short |
| Bitget SKYUSDTshort | +0.0100% | 4h | 0.07118 | +0.098% | $2.9M | $2.1M | 75x | |
| BingX SKY-USDT | +0.0100% | 4h | 0.07118 | +0.098% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07124 | +0.183% | $20K | $682K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07126 | +0.214% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0112% | 4h | 0.07133 | +0.309% | $592K | $29K | 75x | as long as short |
| Injective SKY/USDC PERP | +0.0158% | 1h | 0.07172 | +0.858% | $392 | $303K | 12x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0529% / S −0.0248% | 1h | 0.07125 | +0.200% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Injective SKY/USDC PERP
GMX SKY/USD [ETH-USDC]