SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h −0.120%

Price spread now: Lighter against GMX+0.028%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.028% dearer against GMX than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SKY/USD [ETH-USDC]	0.07035	L +0.0526% / S −0.0248%	pay 0.0066% / 1h	10m 49s	$83K	—	50x
Short	Lighter SKY	0.07037	0.0096	get 0.0012% / 1h	10m 49s	$190K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee LighterbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$90.29
Price spread: +0.028% → 0.000%: $2.84
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$99.45
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 44 min ago. 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 Lighter live order book, 44 min ago	13.52 bp	14.7 bp −$15	112.8 bp −$1,128	doesn't fit	doesn't fit

GMX: 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	−0.0598%	4h	0.07028	−0.092%	$202K	$118K	—	as long as short
Bybit SKYUSDT	−0.0416%	4h	0.07027	−0.111%	$7.5M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+1.950%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0077%	4h	0.07036	+0.017%	$597K	$30K	75x	as long as short
Nado SKY-PERP	+0.0089%	1h	0.07033	−0.018%	$71K	$28K	5x	as long as short
Lighter SKYshort	+0.0096%	1h	0.07037	+0.028%	$190K	$171K	10x
Aster SKYUSDT	+0.0100%	4h	0.07037	+0.025%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07041	+0.091%	$16.2M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07035	+0.003%	$847K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07031	−0.054%	$591K	$265K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.07038	+0.045%	$1.0M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07039	+0.060%	$413K	$293K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07037	+0.031%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07035	+0.003%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07039	+0.060%	$24K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07036	+0.024%	$944	$3K	10x	as long as short
Hyperliquid SKY	+0.0137%	1h	0.07050	+0.220%	$2.9M	$905K	3x	as long as short
GMX SKY/USD [ETH-USDC]long	L +0.0526% / S −0.0248%	1h	0.07035	long leg	$83K	—	50x