Funding you earn now, next payment 07:00 UTC−0.0423%/8h= −46.4% APRpaid last 24h −0.140%
Price spread now: Bybit against GMX−0.065%91s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.065% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 91 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 | GMX SKY/USD [ETH-USDC] | 0.06892 | L +0.0523% / S −0.0248% | pay 0.0065% / 1h | 5m 54s | $82K | — | 50x |
| Short | Bybit SKYUSDT | 0.06887 | 0.0100 | get 0.0050% / 4h | 1h 05m | $7.2M | $3.1M | 25x |
GMX SKY/USD [ETH-USDC]
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GMX. 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
- −$88.92
- Price spread: −0.065% → 0.000%
- −$6.53
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$118.45
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 2.91 bp | 11.7 bp −$12 | 13.9 bp −$139 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.022% | $376 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0067% | 4h | 0.06887 | −0.065% | $582K | $31K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06890 | −0.025% | $180K | $117K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06892 | +0.004% | $72K | $31K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06890 | −0.029% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06890 | −0.029% | $15.6M | $11.1M | 75x | as long as short |
| Bybit SKYUSDTshort | +0.0100% | 4h | 0.06887 | −0.065% | $7.2M | $3.1M | 25x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06886 | −0.080% | $806K | $1.1M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06877 | −0.210% | $586K | $287K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06891 | −0.007% | $1.0M | $270K | 100x | as long as short |
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
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 | 0.06885 | −0.094% | $403K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06889 | −0.036% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06887 | −0.065% | — | $2.4M | — | as long as short |
| Variational Omni SKY | +0.0100% | 4h | 0.06874 | −0.251% | $183K | $98K | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06879 | −0.181% | $26K | $645K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06892 | +0.001% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0182% | 1h | 0.06903 | +0.161% | $2.8M | $867K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0523% / S −0.0248% | 1h | 0.06892 | long leg | $82K | — | 50x |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
Variational Omni SKY
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY