Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.011%
Price spread now: Injective against KuCoin+1.875%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 3 days (all we have)−1.493%−$149 · spread now +1.875%, 7d avg +0.044%
=The price spread pays, funding is against you. Injective is 1.831% dearer against KuCoin than usual: you sell high and buy low (spread +1.875% now, against its 7-day average of +0.044%): +$183 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKYUSDTM | 0.07040 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $420K | $290K | 50x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0033 | get 0.0004% / 1h | 57m 25s | $392 | $303K | 12x |
KuCoin SKYUSDTM
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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: +1.875% → +0.044%
- $183.12
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $157.1
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 65 min ago; Injective: no order-book sample. 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 KuCoin live order book, 65 min ago | 18.32 bp | 161.3 bp −$161 | 225.6 bp −$2,256 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDT | −0.1007% | 4h | 0.07048 | +0.114% | $7.6M | $3.3M | 25x | as long as short |
| Variational Omni SKY | −0.0643% | 4h | 0.07042 | +0.029% | $193K | $104K | — | as long as short |
| Nado SKY-PERP | +0.0033% | 1h | 0.07048 | +0.114% | $70K | $25K | 5x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.07172 | +1.875% | $392 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.07054 | +0.195% | $191K | $161K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07053 | +0.185% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07054 | +0.199% | $16.0M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07049 | +0.128% | $850K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07045 | +0.071% | $601K | $252K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07053 | +0.185% | $1.1M | $280K | 100x | as long as short |
Bybit SKYUSDT
Variational Omni SKY
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTMlong | +0.0100% | 4h | 0.07040 | long leg | $420K | $290K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07052 | +0.170% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07048 | +0.114% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07056 | +0.227% | $22K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07054 | +0.199% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0134% | 4h | 0.07053 | +0.185% | $587K | $30K | 75x | as long as short |
| Hyperliquid SKY | +0.0173% | 1h | 0.07061 | +0.301% | $3.0M | $890K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07051 | +0.161% | $83K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]