Funding you earn now, next payment 04:00 UTC−0.0488%/8h= −53.5% APRnext payment −$0.61 per $10,000 · paid last 24h −0.125%
Price spread now: Injective against GMX+0.516%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 0.516% dearer against GMX than usual: you sell high and buy low (spread +0.516% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 3.5 days. The two prices were read 57 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 | GMX SKY/USD [ETH-USDC] | 0.06858 | L +0.0521% / S −0.0248% | pay 0.0065% / 1h | 51m 46s | $81K | — | 50x |
| Short | Injective SKY/USDC PERP | 0.06893 | 0.0033 | get 0.0004% / 1h | 51m 46s | $376 | $303K | 12x |
GMX SKY/USD [ETH-USDC]
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GMX. 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
- −$102.51
- Price spread: +0.516% → 0.000%
- $51.62
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$62.91
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
GMX and 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 | −0.0293% | 4h | 0.06896 | +0.558% | $184K | $115K | — | as long as short |
| Bybit SKYUSDT | +0.0026% | 4h | 0.06856 | −0.023% | $7.2M | $3.2M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.06893 | +0.516% | $376 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.06859 | +0.022% | $179K | $177K | 10x | as long as short |
| BloFin SKY-USDT | +0.0098% | 4h | 0.06887 | +0.429% | $587K | $29K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06862 | +0.061% | $73K | $30K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06875 | +0.248% | $2.8M | $928K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06869 | +0.160% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06866 | +0.122% | $15.7M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06853 | −0.067% | $820K | $1.2M | 20x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Lighter SKY
BloFin SKY-USDT
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06860 | +0.035% | $596K | $271K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06866 | +0.122% | $1.0M | $261K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06865 | +0.108% | $404K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06863 | +0.079% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06861 | +0.050% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06896 | +0.560% | $27K | $662K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06861 | +0.057% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0521% / S −0.0248% | 1h | 0.06858 | long leg | $81K | — | 50x |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos