Funding you earn now, next payment 00:00 UTC+0.0310%/8h= +34.0% APRnext payment +$1.55 per $10,000 · paid last 24h +0.009%
Price spread now: Gate against Bybit−0.014%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$255as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2452.455% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)−0.426%−$43 · spread now −0.014%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.55 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 | 0.07126 | −0.0210 | get 0.0105% / 4h | 1h 27m | $7.8M | $3.4M | 25x |
| Short | Gate SKY_USDT | 0.07125 | 0.0100 | get 0.0050% / 4h | 1h 27m | $612K | $254K | 50x |
Bybit SKYUSDT
Gate SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $65.18
- Price spread: −0.014% → −0.061%
- $4.73
- Slippage, 4 orders
- −$219.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$175.56
- Costs to cover
- 2.455%
- Break-even
- 25.9 days
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 53 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, 5 min ago | 1.40 bp | 24.6 bp −$25 | 264.1 bp −$2,641 | doesn't fit | doesn't fit |
| Sell Gate live order book, 53 min ago | 8.34 bp | 105.6 bp −$106 | 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 | −0.0515% | 4h | 0.07124 | −0.027% | $196K | $104K | — | as long as short |
| Bybit SKYUSDTlong | −0.0210% | 4h | 0.07126 | long leg | $7.8M | $3.4M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07172 | +0.646% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0065% | 1h | 0.07141 | +0.207% | $71K | $25K | 5x | as long as short |
| BloFin SKY-USDT | +0.0081% | 4h | 0.07144 | +0.253% | $602K | $30K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07138 | +0.167% | $187K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07137 | +0.153% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07134 | +0.112% | $16.4M | $9.7M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07125 | −0.014% | $854K | $1.3M | 20x | as long as short |
| Gate SKY_USDTshort | +0.0100% | 4h | 0.07125 | −0.014% | $612K | $254K | 50x |
Variational Omni SKY
Injective SKY/USDC PERP
Nado SKY-PERP
BloFin SKY-USDT
Lighter 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 | 0.07133 | +0.098% | $1.1M | $288K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07134 | +0.112% | $435K | $283K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07134 | +0.112% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07130 | +0.056% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07143 | +0.239% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07140 | +0.196% | $692 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0320% | 1h | 0.07144 | +0.260% | $3.0M | $907K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0531% / S −0.0248% | 1h | 0.07138 | +0.170% | $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]