Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.007%
Price spread now: Injective against BingX+0.408%7-day average +0.158% · 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)−0.527%−$53 · spread now +0.408%, 7d avg +0.158%
=The price spread pays, funding is against you. Injective is 0.250% dearer against BingX than usual: you sell high and buy low (spread +0.408% now, against its 7-day average of +0.158%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SKY-USDT | 0.06865 | 0.0100 | pay 0.0050% / 4h | 22m 34s | — | $2.4M | — |
| Short | Injective SKY/USDC PERP | 0.06893 | 0.0033 | get 0.0004% / 1h | 22m 34s | $376 | $303K | 12x |
BingX SKY-USDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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: +0.408% → +0.158%
- $24.98
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $0.96
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago | 3.64 bp | 20.6 bp −$21 | 43.9 bp −$439 | 255.2 bp −$25.5K | 968.0 bp −$484.0K |
| 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 | −0.0165% | 4h | 0.06855 | −0.150% | $183K | $113K | — | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.06893 | +0.408% | $376 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.06870 | +0.079% | $179K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06868 | +0.040% | $73K | $30K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06871 | +0.083% | $41K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06873 | +0.117% | $15.7M | $11.0M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06863 | −0.029% | $7.2M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06864 | −0.015% | $819K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06879 | +0.204% | $596K | $272K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06873 | +0.117% | $1.0M | $265K | 100x | as long as short |
Variational Omni SKY
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06878 | +0.189% | $405K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06871 | +0.087% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDTlong | +0.0100% | 4h | 0.06865 | long leg | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06877 | +0.175% | $27K | $661K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06873 | +0.118% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0140% | 4h | 0.06872 | +0.102% | $583K | $29K | 75x | as long as short |
| Hyperliquid SKY | +0.0316% | 1h | 0.06880 | +0.221% | $2.8M | $911K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0522% / S −0.0248% | 1h | 0.06868 | +0.051% | $81K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]