Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.011%
Price spread now: Binance against Injective−0.174%7-day average −0.124% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.174%, 7d avg −0.124%
=Funding pays, the price is against you. Binance is 0.050% cheaper against Injective than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of −0.124%). If the spread goes back, that is −$5 on $10k: about 2.5 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SKY/USDC PERP | 0.06893 | 0.0033 | pay 0.0004% / 1h | 4m 53s | $376 | $303K | 12x |
| Short | Binance SKYUSDT | 0.06881 | 0.0100 | get 0.0050% / 4h | 1h 04m | $15.6M | $11.1M | 75x |
Injective SKY/USDC PERP
Binance SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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: −0.174% → −0.124%
- −$5.04
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1.06
- Costs to cover
- 0.100%
- Break-even
- 7.5 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 6 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.73 bp | 17.8 bp −$18 | 62.6 bp −$626 | 344.4 bp −$34.4K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.06893 | long leg | $376 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.06883 | −0.147% | $180K | $117K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06888 | −0.069% | $72K | $31K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06883 | −0.141% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDTshort | +0.0100% | 4h | 0.06881 | −0.174% | $15.6M | $11.1M | 75x | |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06880 | −0.189% | $7.2M | $3.1M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06877 | −0.232% | $804K | $1.1M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06875 | −0.261% | $586K | $287K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06880 | −0.189% | $1.0M | $270K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06881 | −0.174% | $403K | $292K | 50x | as long as short |
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKYUSDT | +0.0100% | 4h | 0.06882 | −0.160% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06879 | −0.203% | — | $2.4M | — | as long as short |
| Variational Omni SKY | +0.0100% | 4h | 0.06886 | −0.105% | $184K | $98K | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06879 | −0.203% | $26K | $645K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06886 | −0.107% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0137% | 4h | 0.06895 | +0.029% | $583K | $31K | 75x | as long as short |
| Hyperliquid SKY | +0.0186% | 1h | 0.06894 | +0.009% | $2.8M | $867K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06883 | −0.139% | $82K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
Variational Omni SKY
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]