Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Gate−0.031%7-day average +0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2142.141% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 4 days (all we have)+0.472%+$47 · spread now −0.031%, 7d avg +0.145%
=Together, before fees+0.637%+ Points / potential airdropLighter: Season 3 · farm board+$64 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.175% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.145%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKY_USDT | 0.06842 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $581K | $287K | 50x |
| Short | Lighter SKY | 0.06840 | 0.0096 | get 0.0012% / 1h | 41m 30s | $178K | $118K | 10x |
Gate SKY_USDT
Lighter SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$0.84
- Price spread: −0.031% → +0.145%
- −$17.54
- Slippage, 4 orders
- −$199.1
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$232.48
- Costs to cover
- 2.141%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 53 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 Gate live order book, 5 min ago | 5.10 bp | 80.5 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 53 min ago | 12.97 bp | 13.2 bp −$13 | 104.3 bp −$1,043 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.745% | $376 | $303K | 12x | as long as short |
| Variational Omni SKY | +0.0077% | 4h | 0.06863 | +0.311% | $183K | $113K | — | as long as short |
| Lighter SKYshort | +0.0096% | 1h | 0.06840 | −0.031% | $178K | $118K | 10x | |
| Nado SKY-PERP | +0.0100% | 1h | 0.06837 | −0.069% | $74K | $32K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06847 | +0.069% | $2.8M | $909K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06843 | +0.013% | $42K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06838 | −0.061% | $15.6M | $11.1M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06833 | −0.132% | $7.1M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06834 | −0.117% | $812K | $1.1M | 20x | as long as short |
| Gate SKY_USDTlong | +0.0100% | 4h | 0.06842 | long leg | $581K | $287K | 50x |
Injective SKY/USDC PERP
Variational Omni SKY
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06836 | −0.088% | $1.0M | $261K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06841 | −0.015% | $401K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06834 | −0.117% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06836 | −0.088% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06865 | +0.336% | $27K | $649K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06839 | −0.037% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0127% | 4h | 0.06862 | +0.292% | $583K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0522% / S −0.0248% | 1h | 0.06829 | −0.184% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]