Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Orderly−0.091%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.091% cheaper against Orderly than usual: you would sell low and buy high, −$9 on $10k if it 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 | Orderly PERP_SKY_USDC_mythos | 0.06956 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $1K | $3K | 10x |
| Short | Lighter SKY | 0.06949 | 0.0096 | get 0.0012% / 1h | 27m 21s | $182K | $181K | 10x |
Orderly PERP_SKY_USDC_mythos
Lighter SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- −$0.84
- Price spread: −0.091% → 0.000%
- −$9.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.9
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 23 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 23 min ago | 14.30 bp | 31.0 bp −$31 | 116.5 bp −$1,165 | doesn't fit | doesn't fit |
Orderly: 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 SKY | −0.0453% | 4h | 0.06927 | −0.406% | $185K | $126K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.110% | $392 | $303K | 12x | as long as short |
| Bybit SKYUSDT | +0.0038% | 4h | 0.06949 | −0.096% | $7.4M | $3.3M | 25x | as long as short |
| Lighter SKYshort | +0.0096% | 1h | 0.06949 | −0.091% | $182K | $181K | 10x | |
| Nado SKY-PERP | +0.0100% | 1h | 0.06951 | −0.060% | $69K | $28K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06962 | +0.092% | $2.9M | $916K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06953 | −0.037% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06958 | +0.035% | $15.9M | $11.1M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06949 | −0.096% | $830K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06940 | −0.226% | $596K | $282K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Bybit SKYUSDT
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06956 | +0.004% | $1.1M | $278K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06950 | −0.082% | $414K | $295K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06954 | −0.024% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06950 | −0.082% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06926 | −0.427% | $28K | $678K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythoslong | +0.0100% | 4h | 0.06956 | long leg | $1K | $3K | 10x | |
| GMX SKY/USD [ETH-USDC] | L +0.0524% / S −0.0248% | 1h | 0.06945 | −0.154% | $82K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
GMX SKY/USD [ETH-USDC]