Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.011%
Price spread now: Injective against Binance+1.577%7-day average −0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 3 days (all we have)−1.458%−$146 · spread now +1.577%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 1.617% dearer against Binance than usual: you sell high and buy low: +$162 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKYUSDT | 0.07061 | 0.0100 | pay 0.0050% / 4h | 31m 05s | $16.0M | $10.3M | 75x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0158 | get 0.0020% / 1h | 31m 05s | $392 | $303K | 12x |
Binance SKYUSDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- $12.25
- Price spread: +1.577% → −0.039%
- $161.67
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $163.9
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 10 min ago; Injective: no order-book sample. 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 Binance live order book, 10 min ago | 0.71 bp | 17.5 bp −$17 | 56.6 bp −$566 | 347.3 bp −$34.7K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0641% | 4h | 0.07055 | −0.084% | $194K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0247% | 4h | 0.07053 | −0.108% | $7.6M | $3.3M | 25x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07063 | +0.034% | $185K | $155K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07065 | +0.069% | $70K | $25K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07070 | +0.126% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDTlong | +0.0100% | 4h | 0.07061 | long leg | $16.0M | $10.3M | 75x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07058 | −0.037% | $848K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07054 | −0.094% | $601K | $255K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07063 | +0.034% | $1.1M | $286K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07066 | +0.076% | $423K | $290K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKYUSDT | +0.0100% | 4h | 0.07060 | −0.009% | $2.9M | $1.7M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07054 | −0.094% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07072 | +0.161% | $20K | $679K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07068 | +0.107% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0149% | 4h | 0.07066 | +0.076% | $590K | $29K | 75x | as long as short |
| Injective SKY/USDC PERPshort | +0.0158% | 1h | 0.07172 | +1.577% | $392 | $303K | 12x | |
| Hyperliquid SKY | +0.0219% | 1h | 0.07071 | +0.151% | $3.0M | $903K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0527% / S −0.0248% | 1h | 0.07066 | +0.073% | $84K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]