SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.042%

Price spread now: GMX against Lighter+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.034% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKY	0.06810	0.0096	pay 0.0012% / 1h	41m 31s	$179K	$107K	10x
Short	GMX SKY/USD [ETH-USDC]	0.06813	L +0.0520% / S −0.0248%	get 0.0031% / 1h	41m 31s	$81K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $31.9
Price spread: +0.034% → 0.000%: $3.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $23.28
Costs to cover: 0.120%
Break-even: 1.9 days

Slippage unknown: Lighter: live order book, 43 min ago; GMX: 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 Lighter live order book, 43 min ago	13.04 bp	16.0 bp −$16	102.9 bp −$1,029	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 PERP	+0.0033%	1h	0.06893	+1.213%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0079%	4h	0.06820	+0.141%	$579K	$28K	75x	as long as short
Lighter SKYlong	+0.0096%	1h	0.06810	long leg	$179K	$107K	10x
Nado SKY-PERP	+0.0100%	1h	0.06803	−0.101%	$69K	$32K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06809	−0.024%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06806	−0.063%	$15.4M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06801	−0.138%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06800	−0.153%	$793K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06799	−0.167%	$576K	$290K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06808	−0.035%	$1.0M	$271K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06812	+0.023%	$399K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06804	−0.094%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06804	−0.094%	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06821	+0.151%	$182K	$98K	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06815	+0.068%	$26K	$646K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06812	+0.028%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0219%	1h	0.06821	+0.154%	$2.8M	$865K	3x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0520% / S −0.0248%	1h	0.06813	+0.034%	$81K	—	50x