Funding you earn now, next payment 23:00 UTC−0.0552%/8h= −60.4% APRpaid last 24h −0.018%
Price spread now: Variational Omni against Injective−1.156%76s7-day average −0.052% · 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)+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)+1.351%+$135 · spread now −1.156%, 7d avg −0.052%
=Together, before fees+1.360%+ Points / potential airdropVariational Omni: Active · farm board+$136 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Variational Omni is 1.104% cheaper against Injective than usual: you would sell low and buy high (−$110 if the spread goes back to its 7-day average of −0.052%). Swap the legs. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.009% in total (about 1.1% a year). A funding rate is set anew for every payment. 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 | Injective SKY/USDC PERP | 0.07172 | 0.0014 | pay 0.0002% / 1h | 20m 01s | $392 | $303K | 12x |
| Short | Variational Omni SKY | 0.07089 | −0.0538 | pay 0.0269% / 4h | 1h 20m | $195K | $104K | — |
Injective SKY/USDC PERP
Variational Omni SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$115.84
- Price spread: −1.156% → −0.052%
- −$110.42
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$226.28
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 64 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 Variational Omni RFQ quote, 64 min ago | 5.55 bp | doesn't fit | 211.1 bp −$2,111 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKYshort | −0.0538% | 4h | 0.07089 | −1.156% | $195K | $104K | — | |
| Bybit SKYUSDT | −0.0225% | 4h | 0.07086 | −1.199% | $7.7M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0014% | 1h | 0.07172 | long leg | $392 | $303K | 12x | |
| Nado SKY-PERP | +0.0072% | 1h | 0.07099 | −1.018% | $70K | $26K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07097 | −1.039% | $186K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07099 | −1.022% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07094 | −1.091% | $16.2M | $10.3M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07092 | −1.115% | $854K | $1.4M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07103 | −0.962% | $607K | $261K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07096 | −1.060% | $1.1M | $289K | 100x | as long as short |
Bybit SKYUSDT
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07103 | −0.962% | $429K | $288K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07099 | −1.018% | $2.9M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07092 | −1.115% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07120 | −0.725% | $20K | $684K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07096 | −1.064% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0102% | 4h | 0.07103 | −0.962% | $608K | $30K | 75x | as long as short |
| Hyperliquid SKY | +0.0288% | 1h | 0.07108 | −0.894% | $3.0M | $929K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0528% / S −0.0248% | 1h | 0.07096 | −1.060% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]