SKY

Alert

Funding spread now, next payment 18:00 UTC−0.0854%/8h

next payment, per $10,000−$1.07paid, last 24h−0.241%paid, last 7 days−0.568%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.568% in total (about -29.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.07 per $10,000. 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	Hyperliquid SKY	0.07222	0.0888	pay 0.0111% / 1h	36m 42s	$3.0M	$979K	3x
Short	Injective SKY/USDC PERP	0.07239	0.0033	get 0.0004% / 1h	36m 42s	$395	$162K	12x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersRate

Funding earned: −$179.41
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$188.43
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.242%
Avg gap 7d: −0.248%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 6 min ago	2.01 bp	doesn't fit	doesn't fit	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective SKY/USDC PERPshort	+0.0033%	1h	$395	$162K	12x
BloFin SKY-USDT	+0.0050%	4h	$629K	$611K	75x	as long as short
Lighter SKY	+0.0096%	1h	$189K	$168K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	$72K	$29K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	$43K	$39K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	$16.7M	$9.6M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	$8.1M	$3.1M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	$874K	$1.4M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	$622K	$245K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	$1.1M	$283K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	$453K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	$199K	$93K	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	$20K	$685K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	$700	$2K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0537% / S −0.0248%	1h	$85K	—	50x	as long as short
Hyperliquid SKYlong	+0.0888%	1h	$3.0M	$979K	3x