Funding you earn now, next payment 23:00 UTC+0.0537%/8h= +58.8% APRpaid last 24h +0.018%
Price spread now: Injective against Variational Omni+0.108%106s7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−0.367%−$37 · spread now +0.108%, 7d avg +0.051%
=Together, before fees−0.376%+ Points / potential airdropVariational Omni: Active · farm board−$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Injective is 0.057% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.051%. 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 -0.010% in total (about -1.1% 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 | Variational Omni SKY | 0.07189 | −0.0524 | get 0.0262% / 4h | 1h 55m | $207K | $94K | — |
| Short | Injective SKY/USDC PERP | 0.07197 | 0.0014 | get 0.0002% / 1h | 55m 29s | $393 | $260K | 12x |
Variational Omni SKY
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- $112.85
- Price spread: +0.108% → +0.051%
- $5.71
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $118.53
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 28 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 Variational Omni RFQ quote, 28 min ago | 5.55 bp | doesn't fit | 297.2 bp −$2,972 | 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 SKYlong | −0.0524% | 4h | 0.07189 | long leg | $207K | $94K | — | |
| Bybit SKYUSDT | −0.0077% | 4h | 0.07210 | +0.289% | $7.9M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0014% | 1h | 0.07197 | +0.108% | $393 | $260K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.07215 | +0.358% | $189K | $163K | 10x | as long as short |
| BloFin SKY-USDT | +0.0096% | 4h | 0.07196 | +0.094% | $609K | $609K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07215 | +0.355% | $71K | $25K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07214 | +0.349% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07215 | +0.362% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07216 | +0.372% | $871K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07202 | +0.177% | $618K | $252K | 50x | as long as short |
Bybit SKYUSDT
Lighter SKY
BloFin SKY-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07219 | +0.414% | $1.1M | $278K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07208 | +0.261% | $443K | $279K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07217 | +0.386% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07210 | +0.289% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07202 | +0.177% | $20K | $688K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07215 | +0.364% | $700 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0460% | 1h | 0.07230 | +0.563% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07215 | +0.360% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]