Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.007%
Price spread now: Injective against MEXC+3.462%55s7-day average +0.062% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)−3.219%−$322 · spread now +3.462%, 7d avg +0.062%
=The price spread pays, funding is against you. Injective is 3.400% dearer against MEXC than usual: you sell high and buy low (spread +3.462% now, against its 7-day average of +0.062%): +$340 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. The two prices were read 55 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 | MEXC SKY_USDT | 0.06932 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $1.0M | $271K | 100x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0033 | get 0.0004% / 1h | 40m 16s | $392 | $303K | 12x |
MEXC SKY_USDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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: +3.462% → +0.062%
- $339.99
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $321.97
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 6 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 MEXC live order book, 6 min ago | 1.44 bp | 9.8 bp −$10 | 54.7 bp −$547 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0401% | 4h | 0.06912 | −0.286% | $185K | $126K | — | as long as short |
| Bybit SKYUSDT | −0.0077% | 4h | 0.06923 | −0.130% | $7.3M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.07172 | +3.462% | $392 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.06925 | −0.105% | $181K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06929 | −0.043% | $70K | $29K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06929 | −0.040% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06931 | −0.009% | $15.8M | $11.1M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06928 | −0.058% | $828K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06927 | −0.072% | $594K | $277K | 50x | as long as short |
| MEXC SKY_USDTlong | +0.0100% | 4h | 0.06932 | long leg | $1.0M | $271K | 100x |
Variational Omni SKY
Bybit SKYUSDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06932 | 0.000% | $413K | $295K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06933 | +0.014% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06927 | −0.072% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06934 | +0.029% | $28K | $665K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06931 | −0.019% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0147% | 4h | 0.06919 | −0.188% | $587K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0524% / S −0.0248% | 1h | 0.06928 | −0.065% | $82K | — | 50x | as long as short |
| Hyperliquid SKY | +0.0872% | 1h | 0.06945 | +0.182% | $2.9M | $937K | 3x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]
Hyperliquid SKY