SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against KuCoin−0.085%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$366as in the Funding arb table

Net, price: spread back to 7d avg − costs−$381as in the Price arb table

costs, in and out, $10k−$3633.635% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.501%+$50 · spread now −0.085%, 7d avg +0.092%

Together, before fees+0.480%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.177% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.092%). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.07079	0.0100	pay 0.0050% / 4h	39m 16s	$424K	$290K	50x
Short	BloFin SKY-USDT	0.07073	0.0150	get 0.0075% / 4h	39m 16s	$592K	$29K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $10.4
Price spread: −0.085% → +0.092%: −$17.68
Slippage, 4 orders: −$339.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$370.74
Costs to cover: 3.635%
Break-even: 256.4 days

Slippage from KuCoin: live order book, 23 min ago; BloFin: live order book, 37 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 KuCoin live order book, 23 min ago	18.32 bp	161.3 bp −$161	225.6 bp −$2,256	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	2.12 bp	16.9 bp −$17	44.4 bp −$444	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	−0.0607%	4h	0.07076	−0.048%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0244%	4h	0.07066	−0.184%	$7.6M	$3.4M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07078	−0.020%	$185K	$155K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07068	−0.148%	$70K	$25K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07081	+0.030%	$43K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07075	−0.057%	$16.1M	$10.4M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07071	−0.113%	$850K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07079	0.000%	$604K	$255K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07076	−0.042%	$1.1M	$285K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.07079	long leg	$424K	$290K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07077	−0.028%	$2.9M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07072	−0.099%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07094	+0.212%	$20K	$681K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07076	−0.035%	$1K	$2K	10x	as long as short
BloFin SKY-USDTshort	+0.0150%	4h	0.07073	−0.085%	$592K	$29K	75x
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.314%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0167%	1h	0.07088	+0.127%	$3.0M	$902K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07076	−0.045%	$84K	—	50x	as long as short