SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.188%

Price spread now: GMX against Hyperliquid−0.191%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.191% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SKY	0.07056	0.0199	pay 0.0025% / 1h	11m 11s	$3.0M	$891K	3x
Short	GMX SKY/USD [ETH-USDC]	0.07042	L +0.0526% / S −0.0248%	get 0.0031% / 1h	11m 11s	$83K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.191%Rate

Funding earned: $10.28
Price spread: −0.191% → 0.000%: −$19.13
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$29.85
Costs to cover: 0.210%
Break-even: 27.3 days

Slippage unknown: Hyperliquid: live order book, 10 min ago; GMX: 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 Hyperliquid live order book, 10 min ago	3.11 bp	17.1 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0699%	4h	0.07032	−0.338%	$193K	$104K	—	as long as short
Bybit SKYUSDT	−0.0240%	4h	0.07034	−0.309%	$7.6M	$3.3M	25x	as long as short
BloFin SKY-USDT	+0.0040%	4h	0.07044	−0.167%	$587K	$29K	75x	as long as short
Nado SKY-PERP	+0.0069%	1h	0.07043	−0.185%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07049	−0.091%	$188K	$159K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07051	−0.068%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07046	−0.139%	$16.0M	$10.2M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07039	−0.238%	$848K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07035	−0.295%	$602K	$259K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07045	−0.153%	$1.1M	$287K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07041	−0.210%	$420K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07046	−0.139%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07041	−0.210%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07044	−0.167%	$22K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07050	−0.084%	$1K	$2K	10x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.647%	$392	$303K	12x	as long as short
Hyperliquid SKYlong	+0.0199%	1h	0.07056	long leg	$3.0M	$891K	3x
GMX SKY/USD [ETH-USDC]short	L +0.0526% / S −0.0248%	1h	0.07042	−0.191%	$83K	—	50x