Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.010%
Price spread now: Gate against Injective−0.389%84s7-day average −0.075% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)+0.364%+$36 · spread now −0.389%, 7d avg −0.075%
=Funding pays, the price is against you. Gate is 0.314% cheaper against Injective than usual: you would sell low and buy high (spread −0.389% now, against its 7-day average of −0.075%). If the spread goes back, that is −$31 on $10k: about 12 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.019% in total) that is about 4 months. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 49m 45s | $393 | $260K | 12x |
| Short | Gate SKY_USDT | 0.07169 | 0.0100 | get 0.0050% / 4h | 1h 49m | $615K | $252K | 50x |
Injective SKY/USDC PERP
Gate SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $18.1
- Price spread: −0.389% → −0.075%
- −$31.45
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$28.36
- Costs to cover
- 0.150%
- Break-even
- 18.0 days
Slippage unknown: Injective: no order-book sample; Gate: live order book, 32 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 Gate live order book, 32 min ago | 8.34 bp | 105.6 bp −$106 | doesn't fit | 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 | −0.0493% | 4h | 0.07181 | −0.217% | $198K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0125% | 4h | 0.07174 | −0.320% | $7.9M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0014% | 1h | 0.07197 | long leg | $393 | $260K | 12x | |
| Nado SKY-PERP | +0.0047% | 1h | 0.07195 | −0.024% | $71K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07190 | −0.097% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07173 | −0.339% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07179 | −0.244% | $16.5M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07178 | −0.264% | $859K | $1.3M | 20x | as long as short |
| Gate SKY_USDTshort | +0.0100% | 4h | 0.07169 | −0.389% | $615K | $252K | 50x | |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07174 | −0.320% | $1.1M | $278K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
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 | 0.07171 | −0.361% | $441K | $279K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07179 | −0.250% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07178 | −0.264% | — | $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 | 0.07194 | −0.046% | $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 | +0.0410% | 1h | 0.07191 | −0.086% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0533% / S −0.0248% | 1h | 0.07191 | −0.089% | $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]