Funding you earn now, next payment 09:00 UTC−0.0544%/8h= −59.6% APRpaid last 24h −0.208%
Price spread now: Variational Omni against GMX−0.096%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Variational Omni is 0.096% cheaper against GMX than usual: you would sell low and buy high (−$10 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] | 0.06772 | L +0.0519% / S −0.0248% | pay 0.0065% / 1h | 29m 56s | $80K | — | 50x |
| Short | Variational Omni SKY | 0.06766 | −0.0025 | pay 0.0013% / 4h | 3h 29m | $181K | $98K | — |
GMX SKY/USD [ETH-USDC]
Variational Omni SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$114.25
- Price spread: −0.096% → 0.000%
- −$9.62
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$135.88
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 4.42 bp | doesn't fit | 151.9 bp −$1,519 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDT | −0.0099% | 4h | 0.06770 | −0.035% | $7.1M | $3.3M | 25x | as long as short |
| Variational Omni SKYshort | −0.0025% | 4h | 0.06766 | −0.096% | $181K | $98K | — | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +1.781% | $376 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06770 | −0.040% | $178K | $105K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06763 | −0.146% | $67K | $34K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06785 | +0.192% | $2.8M | $922K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06775 | +0.040% | $41K | $45K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06774 | +0.029% | $15.2M | $11.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06769 | −0.050% | $793K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06772 | −0.006% | $579K | $293K | 50x | as long as short |
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
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 | 0.06775 | +0.038% | $998K | $267K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06774 | +0.024% | $402K | $293K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06769 | −0.050% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06770 | −0.035% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06771 | −0.021% | $34K | $654K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06770 | −0.040% | $1K | $5K | 10x | as long as short |
| BloFin SKY-USDT | +0.0115% | 4h | 0.06769 | −0.050% | $577K | $28K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0519% / S −0.0248% | 1h | 0.06772 | long leg | $80K | — | 50x |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT