Funding you earn now, next payment 02:00 UTC−0.0498%/8h= −54.5% APRpaid last 24h −0.056%
Price spread now: Variational Omni against Injective−3.577%106s7-day average −0.121% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.025%−$3 on $10k
+Price spread, last 3 days (all we have)+3.867%+$387 · spread now −3.577%, 7d avg −0.121%
=Together, before fees+3.842%+ Points / potential airdropVariational Omni: Active · farm board+$384 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Variational Omni is 3.457% cheaper against Injective than usual: you would sell low and buy high (−$346 if the spread goes back to its 7-day average of −0.121%). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.025% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SKY/USDC PERP | 0.07172 | 0.0033 | pay 0.0004% / 1h | 31m 28s | $392 | $303K | 12x |
| Short | Variational Omni SKY | 0.06915 | −0.0464 | pay 0.0232% / 4h | 2h 31m | $185K | $132K | — |
Injective SKY/USDC PERP
Variational Omni SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$104.53
- Price spread: −3.577% → −0.121%
- −$345.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$450.22
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 37 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 Variational Omni RFQ quote, 37 min ago | 4.26 bp | doesn't fit | 119.4 bp −$1,194 | 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 17 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 SKYshort | −0.0464% | 4h | 0.06915 | −3.577% | $185K | $132K | — | |
| Bybit SKYUSDT | +0.0015% | 4h | 0.06928 | −3.402% | $7.4M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.07172 | long leg | $392 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.06932 | −3.345% | $181K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06935 | −3.301% | $69K | $28K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06937 | −3.280% | $42K | $45K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06938 | −3.269% | $15.9M | $11.1M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06932 | −3.346% | $828K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06931 | −3.360% | $593K | $281K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06937 | −3.277% | $1.0M | $271K | 100x | as long as short |
Bybit SKYUSDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06937 | −3.277% | $413K | $295K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06934 | −3.318% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06931 | −3.360% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06921 | −3.500% | $28K | $679K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06937 | −3.279% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0107% | 1h | 0.06946 | −3.157% | $2.9M | $915K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0524% / S −0.0248% | 1h | 0.06941 | −3.225% | $82K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]