Funding you earn now, next payment 06:00 UTC−0.0427%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.118%
Price spread now: Lighter against GMX−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Lighter is 0.026% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SKY/USD [ETH-USDC] | 0.06886 | L +0.0523% / S −0.0248% | pay 0.0065% / 1h | 6m 50s | $82K | — | 50x |
| Short | Lighter SKY | 0.06884 | 0.0096 | get 0.0012% / 1h | 6m 50s | $180K | $119K | 10x |
GMX SKY/USD [ETH-USDC]
Lighter SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$89.6
- Price spread: −0.026% → 0.000%
- −$2.61
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$104.22
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 23 min ago | 13.08 bp | 43.8 bp −$44 | 131.0 bp −$1,310 | doesn't fit | doesn't fit |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.103% | $376 | $303K | 12x | as long as short |
| Variational Omni SKY | +0.0072% | 4h | 0.06844 | −0.604% | $183K | $113K | — | as long as short |
| Lighter SKYshort | +0.0096% | 1h | 0.06884 | −0.026% | $180K | $119K | 10x | |
| BloFin SKY-USDT | +0.0096% | 4h | 0.06887 | +0.016% | $579K | $29K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06882 | −0.060% | $72K | $31K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06896 | +0.139% | $2.8M | $887K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06878 | −0.120% | $42K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06883 | −0.043% | $15.6M | $11.1M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06875 | −0.158% | $7.2M | $3.0M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06871 | −0.216% | $808K | $1.1M | 20x | as long as short |
Injective SKY/USDC PERP
Variational Omni SKY
BloFin SKY-USDT
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
Bybit 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 | 0.06871 | −0.216% | $587K | $296K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06883 | −0.042% | $1.0M | $269K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06872 | −0.202% | $403K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06881 | −0.071% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06877 | −0.129% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06852 | −0.492% | $27K | $645K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06883 | −0.045% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0523% / S −0.0248% | 1h | 0.06886 | long leg | $82K | — | 50x |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos