Funding you earn now, next payment 22:00 UTC−0.0266%/8h= −29.1% APRnext payment −$0.33 per $10,000 · paid last 24h −0.234%
Price spread now: ApeX Omni against Hyperliquid−0.157%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days−0.514%−$51 on $10k
+Price spread, last 3 days (all we have)+0.345%+$35 · spread now −0.157%, 7d avg −0.165%
=Together, before fees−0.169%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.165%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07217 | 0.0366 | pay 0.0046% / 1h | 14m 52s | $3.0M | $906K | 3x |
| Short | ApeX Omni SKYUSDT | 0.07206 | 0.0100 | get 0.0013% / 1h | 14m 52s | $20K | $686K | 50x |
Hyperliquid SKY
ApeX Omni SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$55.88
- Price spread: −0.157% → −0.165%
- $0.83
- Slippage, 4 orders
- −$53.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$127.48
- Costs to cover
- 0.724%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; ApeX Omni: live order book, 9 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 Hyperliquid live order book, 6 min ago | 4.85 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 9 min ago | 7.64 bp | 16.2 bp −$16 | 107.4 bp −$1,074 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0506% | 4h | 0.07191 | −0.362% | $207K | $94K | — | as long as short |
| Bybit SKYUSDT | −0.0077% | 4h | 0.07194 | −0.323% | $7.9M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07199 | −0.254% | $393 | $222K | 12x | as long as short |
| BloFin SKY-USDT | +0.0050% | 4h | 0.07210 | −0.101% | $607K | $610K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07210 | −0.105% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07206 | −0.153% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07212 | −0.078% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07207 | −0.149% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07206 | −0.157% | $872K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07198 | −0.267% | $618K | $254K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
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 | 0.07206 | −0.157% | $1.1M | $283K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07191 | −0.364% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07208 | −0.129% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07204 | −0.184% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDTshort | +0.0100% | 1h | 0.07206 | −0.157% | $20K | $686K | 50x | |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07211 | −0.080% | $699 | $2K | 10x | as long as short |
| Hyperliquid SKYlong | +0.0366% | 1h | 0.07217 | long leg | $3.0M | $906K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0533% / S −0.0248% | 1h | 0.07206 | −0.159% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]