Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.186%
Price spread now: Orderly against Hyperliquid−0.154%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.154% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.06900 | 0.0100 | pay 0.0013% / 1h | 55m 09s | $2.8M | $928K | 3x |
| Short | Orderly PERP_SKY_USDC_mythos | 0.06889 | 0.0100 | get 0.0050% / 4h | 55m 09s | $1K | $3K | 10x |
Hyperliquid SKY
Orderly PERP_SKY_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0
- Price spread: −0.154% → 0.000%
- −$15.36
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$30.36
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Orderly: 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, 6 min ago | 3.47 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.061% | $184K | $115K | — | as long as short |
| Bybit SKYUSDT | +0.0005% | 4h | 0.06885 | −0.219% | $7.2M | $3.2M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | −0.103% | $376 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06891 | −0.133% | $180K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06887 | −0.186% | $73K | $30K | 5x | as long as short |
| Hyperliquid SKYlong | +0.0100% | 1h | 0.06900 | long leg | $2.8M | $928K | 3x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.06891 | −0.134% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06891 | −0.131% | $15.7M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06884 | −0.233% | $815K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06885 | −0.219% | $598K | $271K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
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 | 0.06891 | −0.132% | $1.0M | $261K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06892 | −0.117% | $405K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06888 | −0.175% | $2.9M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06885 | −0.219% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06896 | −0.059% | $27K | $662K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythosshort | +0.0100% | 4h | 0.06889 | −0.154% | $1K | $3K | 10x | |
| BloFin SKY-USDT | +0.0134% | 4h | 0.06897 | −0.045% | $587K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06888 | −0.183% | $82K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]