Funding you earn now, next payment 23:00 UTC+0.0495%/8h= +54.2% APRnext payment +$0.62 per $10,000 · paid last 24h +0.244%
Price spread now: Hyperliquid against Injective+0.385%53s7-day average +0.234% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.590%+$59 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.385%, 7d avg +0.234%
=Together, before fees+0.560%+ Points / potential airdropHyperliquid: Season 2 · farm board+$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.151% dearer against Injective than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.234%. The two prices were read 53 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 | 56m 18s | $393 | $260K | 12x |
| Short | Hyperliquid SKY | 0.07225 | 0.0509 | get 0.0064% / 1h | 56m 18s | $3.0M | $906K | 3x |
Injective SKY/USDC PERP
Hyperliquid SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $104.02
- Price spread: +0.385% → +0.234%
- $15.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $110.12
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 5 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 Hyperliquid live order book, 5 min ago | 2.57 bp | 18.9 bp −$19 | 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 | −0.0524% | 4h | 0.07189 | −0.108% | $207K | $94K | — | as long as short |
| Bybit SKYUSDT | −0.0094% | 4h | 0.07205 | +0.111% | $7.9M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0014% | 1h | 0.07197 | long leg | $393 | $260K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.07215 | +0.250% | $189K | $163K | 10x | as long as short |
| BloFin SKY-USDT | +0.0096% | 4h | 0.07196 | −0.014% | $609K | $609K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07215 | +0.254% | $71K | $25K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07214 | +0.233% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07217 | +0.278% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07210 | +0.181% | $872K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07199 | +0.028% | $618K | $252K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Lighter SKY
BloFin SKY-USDT
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 | 0.07215 | +0.250% | $1.1M | $278K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07208 | +0.153% | $443K | $279K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07214 | +0.236% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07211 | +0.195% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07198 | +0.014% | $20K | $688K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07215 | +0.256% | $700 | $2K | 10x | as long as short |
| Hyperliquid SKYshort | +0.0509% | 1h | 0.07225 | +0.385% | $3.0M | $906K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07215 | +0.251% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]