Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.009%
Price spread now: Injective against Binance+1.841%117s7-day average −0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 3 days (all we have)−1.760%−$176 · spread now +1.841%, 7d avg −0.017%
=The price spread pays, funding is against you. Injective is 1.858% dearer against Binance than usual: you sell high and buy low (spread +1.841% now, against its 7-day average of −0.017%): +$186 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. The two prices were read 117 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 | Binance SKYUSDT | 0.07042 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $16.2M | $10.8M | 75x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0033 | get 0.0004% / 1h | 33m 24s | $392 | $303K | 12x |
Binance SKYUSDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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: +1.841% → −0.017%
- $185.76
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $161.74
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago | 0.72 bp | 15.2 bp −$15 | 51.3 bp −$513 | 321.7 bp −$32.2K | 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 | −0.0625% | 4h | 0.07014 | −0.404% | $201K | $127K | — | as long as short |
| Bybit SKYUSDT | −0.0328% | 4h | 0.07035 | −0.105% | $7.6M | $3.5M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.07172 | +1.841% | $392 | $303K | 12x | |
| Nado SKY-PERP | +0.0068% | 1h | 0.07043 | +0.016% | $69K | $27K | 5x | as long as short |
| BloFin SKY-USDT | +0.0080% | 4h | 0.06983 | −0.843% | $594K | $29K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07043 | +0.012% | $190K | $170K | 10x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.07054 | +0.171% | $2.9M | $898K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07043 | +0.012% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDTlong | +0.0100% | 4h | 0.07042 | long leg | $16.2M | $10.8M | 75x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07037 | −0.076% | $845K | $1.3M | 20x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Nado SKY-PERP
BloFin SKY-USDT
Lighter SKY
Hyperliquid SKY
Aster SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.07029 | −0.190% | $591K | $264K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07044 | +0.023% | $1.0M | $283K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07030 | −0.176% | $411K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07044 | +0.023% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07039 | −0.048% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07029 | −0.190% | $24K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07041 | −0.014% | $945 | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07039 | −0.051% | $83K | — | 50x | as long as short |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]