Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.011%
Price spread now: MEXC against Injective−1.610%70s7-day average −0.128% · 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)+1.884%+$188 · spread now −1.610%, 7d avg −0.128%
=Funding pays, the price is against you. MEXC is 1.482% cheaper against Injective than usual: you would sell low and buy high (spread −1.610% now, against its 7-day average of −0.128%). If the spread goes back, that is −$148 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 70 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 | 0.06893 | 0.0033 | pay 0.0004% / 1h | 0m 15s | $376 | $303K | 12x |
| Short | MEXC SKY_USDT | 0.06782 | 0.0100 | get 0.0050% / 4h | 0m 15s | $1.0M | $276K | 100x |
Injective SKY/USDC PERP
MEXC SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −1.610% → −0.128%
- −$148.22
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$138.24
- Costs to cover
- 0.040%
- Break-even
- 76.1 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago | 1.47 bp | 9.1 bp −$9 | 64.0 bp −$640 | 280.4 bp −$28.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.06893 | long leg | $376 | $303K | 12x | |
| BloFin SKY-USDT | +0.0058% | 4h | 0.06786 | −1.552% | $576K | $28K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06784 | −1.576% | $178K | $107K | 10x | as long as short |
| Variational Omni SKY | +0.0099% | 4h | 0.06778 | −1.667% | $181K | $98K | — | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06790 | −1.487% | $2.8M | $862K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06783 | −1.593% | $41K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06783 | −1.596% | $15.3M | $11.1M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06777 | −1.683% | $7.1M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06778 | −1.668% | $793K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06772 | −1.755% | $575K | $292K | 50x | as long as short |
BloFin SKY-USDT
Lighter SKY
Variational Omni SKY
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
Bybit 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_USDTshort | +0.0100% | 4h | 0.06782 | −1.610% | $1.0M | $276K | 100x | |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06786 | −1.552% | $398K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06780 | −1.639% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06780 | −1.639% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06797 | −1.393% | $27K | $649K | 50x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06781 | −1.621% | $69K | $31K | 5x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06785 | −1.571% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0519% / S −0.0248% | 1h | 0.06784 | −1.581% | $80K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Nado SKY-PERP
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]