SKY

Alert

Funding spread now, next payment 18:00 UTC−0.0774%/8h

next payment, per $10,000−$0.97paid, last 24h−0.232%paid, last 7 days−0.379%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 -0.379% in total (about -19.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 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	0.07229	0.0870	pay 0.0109% / 1h	33m 46s	$3.0M	$979K	3x
Short	Lighter SKY	0.07223	0.0096	get 0.0012% / 1h	33m 46s	$190K	$168K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersRate

Funding earned: −$162.56
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$171.56
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 9 min ago; Lighter: live order book, 53 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.083%
Avg gap 7d: −0.163%

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, 9 min ago	2.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 53 min ago	6.45 bp	10.9 bp −$11	95.1 bp −$951	doesn't fit	doesn't fit

SKY on 18 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective SKY/USDC PERP	+0.0033%	1h	$395	$162K	12x	as long as short
BloFin SKY-USDT	+0.0056%	4h	$629K	$610K	75x	as long as short
Lighter SKYshort	+0.0096%	1h	$190K	$168K	10x
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	$875K	$1.4M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	$623K	$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	$454K	$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	+0.0870%	1h	$3.0M	$979K	3x