Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.005%
Price spread now: BloFin against Injective−1.785%7-day average +0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 3 days (all we have)+1.759%+$176 · spread now −1.785%, 7d avg +0.045%
=Funding pays, the price is against you. BloFin is 1.829% cheaper against Injective than usual: you would sell low and buy high (spread −1.785% now, against its 7-day average of +0.045%). If the spread goes back, that is −$183 on $10k: about 13 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.170% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SKY/USDC PERP | 0.07172 | 0.0033 | pay 0.0004% / 1h | 13m 42s | $392 | $303K | 12x |
| Short | BloFin SKY-USDT | 0.07044 | 0.0049 | get 0.0025% / 4h | 3h 13m | $598K | $30K | 75x |
Injective SKY/USDC PERP
BloFin SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $3.3
- Price spread: −1.785% → +0.045%
- −$182.92
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$191.65
- Costs to cover
- 0.120%
- Break-even
- 414.0 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 58 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 58 min ago | 1.42 bp | 19.7 bp −$20 | 42.9 bp −$429 | doesn't fit | doesn't fit |
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 | −0.0621% | 4h | 0.07018 | −2.148% | $202K | $118K | — | as long as short |
| Bybit SKYUSDT | −0.0348% | 4h | 0.07053 | −1.659% | $7.6M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.07172 | long leg | $392 | $303K | 12x | |
| BloFin SKY-USDTshort | +0.0049% | 4h | 0.07044 | −1.785% | $598K | $30K | 75x | |
| Nado SKY-PERP | +0.0075% | 1h | 0.07061 | −1.544% | $71K | $28K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07058 | −1.592% | $190K | $171K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07062 | −1.535% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07057 | −1.603% | $16.3M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07045 | −1.771% | $849K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07049 | −1.715% | $592K | $265K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Nado SKY-PERP
Lighter SKY
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 | 0.07056 | −1.617% | $1.0M | $285K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07059 | −1.576% | $414K | $293K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07051 | −1.687% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07058 | −1.590% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07023 | −2.078% | $24K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07061 | −1.553% | $947 | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0139% | 1h | 0.07069 | −1.436% | $3.0M | $904K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0527% / S −0.0248% | 1h | 0.07063 | −1.516% | $84K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]