Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.008%
Price spread now: Injective against BloFin−0.236%114s7-day average −0.081% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.236%, 7d avg −0.081%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.156% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.081%). Swap the legs. The two prices were read 114 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 | BloFin SKY-USDT | 0.07189 | 0.0114 | pay 0.0057% / 4h | 1h 37m | $606K | $32K | 75x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0014 | get 0.0002% / 1h | 37m 20s | $392 | $303K | 12x |
BloFin SKY-USDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$20.98
- Price spread: −0.236% → −0.081%
- −$15.58
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$48.59
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 44 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 BloFin live order book, 44 min ago | 2.08 bp | 12.4 bp −$12 | 32.7 bp −$327 | doesn't fit | 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 | −0.0491% | 4h | 0.07179 | −0.137% | $197K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0191% | 4h | 0.07152 | −0.515% | $7.8M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0014% | 1h | 0.07172 | −0.236% | $392 | $303K | 12x | |
| Nado SKY-PERP | +0.0036% | 1h | 0.07164 | −0.355% | $71K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07166 | −0.317% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07169 | −0.274% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07167 | −0.313% | $16.5M | $9.6M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07156 | −0.459% | $857K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07163 | −0.362% | $615K | $252K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07167 | −0.306% | $1.1M | $281K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Nado SKY-PERP
Lighter SKY
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 | 0.07166 | −0.320% | $440K | $282K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07167 | −0.306% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07160 | −0.403% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07176 | −0.181% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07167 | −0.303% | $695 | $2K | 10x | as long as short |
| BloFin SKY-USDTlong | +0.0114% | 4h | 0.07189 | long leg | $606K | $32K | 75x | |
| Hyperliquid SKY | +0.0334% | 1h | 0.07173 | −0.223% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0531% / S −0.0248% | 1h | 0.07162 | −0.371% | $85K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]