Funding you earn now, next payment 23:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h +0.001%
Price spread now: Bybit against Injective−0.195%7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 3 days (all we have)+0.269%+$27 · spread now −0.195%, 7d avg −0.032%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.163% cheaper against Injective than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SKY/USDC PERP | 0.07197 | 0.0014 | pay 0.0002% / 1h | 51m 11s | $393 | $260K | 12x |
| Short | Bybit SKYUSDT | 0.07183 | −0.0111 | pay 0.0055% / 4h | 1h 51m | $7.9M | $3.3M | 25x |
Injective SKY/USDC PERP
Bybit SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$26.12
- Price spread: −0.195% → −0.032%
- −$16.29
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.43
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 1.39 bp | 25.9 bp −$26 | 204.7 bp −$2,047 | 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 | −0.0512% | 4h | 0.07205 | +0.117% | $207K | $94K | — | as long as short |
| Bybit SKYUSDTshort | −0.0111% | 4h | 0.07183 | −0.195% | $7.9M | $3.3M | 25x | |
| Injective SKY/USDC PERPlong | +0.0014% | 1h | 0.07197 | long leg | $393 | $260K | 12x | |
| Nado SKY-PERP | +0.0080% | 1h | 0.07194 | −0.042% | $71K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07195 | −0.022% | $189K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07199 | +0.022% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07193 | −0.056% | $16.5M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07187 | −0.139% | $868K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07199 | +0.028% | $618K | $252K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07193 | −0.056% | $1.1M | $278K | 100x | as long as short |
Variational Omni SKY
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07201 | +0.056% | $443K | $279K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07197 | 0.000% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07190 | −0.097% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07197 | 0.000% | $20K | $687K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07198 | +0.015% | $698 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0117% | 4h | 0.07196 | −0.014% | $606K | $609K | 75x | as long as short |
| Hyperliquid SKY | +0.0404% | 1h | 0.07207 | +0.140% | $3.0M | $904K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0533% / S −0.0248% | 1h | 0.07192 | −0.069% | $85K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]