Funding you earn now, next payment 23:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.010%
Price spread now: Injective against BingX+0.195%72s7-day average −0.006% · 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)−0.308%−$31 · spread now +0.195%, 7d avg −0.006%
=The price spread pays, funding is against you. Injective is 0.200% dearer against BingX than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of −0.006%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.8 days. The two prices were read 72 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 | BingX SKY-USDT | 0.07183 | 0.0100 | pay 0.0050% / 4h | 1h 40m | — | $2.4M | — |
| Short | Injective SKY/USDC PERP | 0.07197 | 0.0014 | get 0.0002% / 1h | 40m 13s | $393 | $260K | 12x |
BingX SKY-USDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- −$18.1
- Price spread: +0.195% → −0.006%
- $20.05
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$8.08
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 9 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 BingX live order book, 9 min ago | 3.49 bp | 17.7 bp −$18 | 56.0 bp −$560 | 248.6 bp −$24.9K | 955.0 bp −$477.5K |
| 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 | −0.0491% | 4h | 0.07179 | −0.053% | $197K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0105% | 4h | 0.07176 | −0.097% | $7.8M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0014% | 1h | 0.07197 | +0.195% | $393 | $260K | 12x | |
| Nado SKY-PERP | +0.0048% | 1h | 0.07185 | +0.031% | $71K | $25K | 5x | as long as short |
| BloFin SKY-USDT | +0.0048% | 4h | 0.07189 | +0.084% | $606K | $32K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07187 | +0.052% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07188 | +0.070% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07186 | +0.047% | $16.5M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07177 | −0.084% | $861K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07176 | −0.097% | $616K | $252K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Nado SKY-PERP
BloFin SKY-USDT
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07185 | +0.028% | $1.1M | $280K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07172 | −0.153% | $438K | $280K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07185 | +0.028% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDTlong | +0.0100% | 4h | 0.07183 | long leg | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07181 | −0.028% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07191 | +0.113% | $697 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0335% | 1h | 0.07195 | +0.173% | $3.0M | $907K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0532% / S −0.0248% | 1h | 0.07184 | +0.019% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]