SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h −0.023%

Price spread now: Bybit against OKX−0.087%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.087%, 7d avg +0.005%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.092% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.06914	0.0100	pay 0.0050% / 4h	1h 11m	$823K	$1.2M	20x
Short	Bybit SKYUSDT	0.06908	−0.0024	pay 0.0012% / 4h	1h 11m	$7.2M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$26.1
Price spread: −0.087% → +0.005%: −$9.19
Slippage, 4 orders: −$88.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$144.92
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 2 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 OKX live order book, 5 min ago	1.45 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.62 bp	11.5 bp −$12	157.5 bp −$1,575	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	−0.0326%	4h	0.06918	+0.060%	$185K	$115K	—	as long as short
Bybit SKYUSDTshort	−0.0024%	4h	0.06908	−0.087%	$7.2M	$3.2M	25x
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.732%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06909	−0.069%	$180K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06917	+0.040%	$73K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06915	+0.014%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06917	+0.043%	$15.8M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.06914	long leg	$823K	$1.2M	20x
Gate SKY_USDT	+0.0100%	4h	0.06901	−0.188%	$599K	$287K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06917	+0.043%	$1.0M	$273K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06900	−0.202%	$406K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06913	−0.014%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06911	−0.043%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06910	−0.058%	$27K	$663K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06917	+0.036%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0114%	4h	0.06918	+0.058%	$590K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06918	+0.058%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0551%	1h	0.06930	+0.230%	$2.8M	$928K	3x	as long as short