Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.011%
Price spread now: KuCoin against Injective−2.611%7-day average −0.257% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)+2.419%+$242 · spread now −2.611%, 7d avg −0.257%
=Funding pays, the price is against you. KuCoin is 2.354% cheaper against Injective than usual: you would sell low and buy high (spread −2.611% now, against its 7-day average of −0.257%). If the spread goes back, that is −$235 on $10k: about 4 months of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SKY/USDC PERP | 0.06893 | 0.0033 | pay 0.0004% / 1h | 30m 48s | $376 | $303K | 12x |
| Short | KuCoin SKYUSDTM | 0.06713 | 0.0100 | get 0.0050% / 4h | 1h 30m | $391K | $276K | 50x |
Injective SKY/USDC PERP
KuCoin SKYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14
- Price spread: −2.611% → −0.257%
- −$235.42
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$233.44
- Costs to cover
- 0.120%
- Break-even
- 123.7 days
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 24.59 bp | 112.9 bp −$113 | 251.2 bp −$2,512 | 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 exchanges
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 | −0.0406% | 4h | 0.06705 | −2.730% | $179K | $83K | — | as long as short |
| Bybit SKYUSDT | −0.0173% | 4h | 0.06703 | −2.756% | $6.9M | $3.2M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.06893 | long leg | $376 | $303K | 12x | |
| BloFin SKY-USDT | +0.0044% | 4h | 0.06714 | −2.597% | $572K | $32K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06710 | −2.651% | $177K | $101K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06709 | −2.669% | $67K | $35K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06717 | −2.552% | $2.8M | $791K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06713 | −2.617% | $41K | $37K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06707 | −2.696% | $14.9M | $10.7M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06703 | −2.756% | $780K | $1.0M | 20x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAPShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06702 | −2.771% | $568K | $262K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06709 | −2.669% | $1.2M | $273K | 100x | as long as short |
| KuCoin SKYUSDTMshort | +0.0100% | 4h | 0.06713 | −2.611% | $391K | $276K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06706 | −2.713% | $2.7M | $1.3M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06706 | −2.713% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06714 | −2.597% | $34K | $651K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06711 | −2.635% | $1K | $4K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0515% / S −0.0249% | 1h | 0.06710 | −2.653% | $80K | — | 50x | as long as short |
Gate SKY_USDT
MEXC SKY_USDT
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]