Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.007%
Price spread now: Injective against KuCoin+4.017%85s7-day average +0.143% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)−3.414%−$341 · spread now +4.017%, 7d avg +0.143%
=The price spread pays, funding is against you. Injective is 3.875% dearer against KuCoin than usual: you sell high and buy low (spread +4.017% now, against its 7-day average of +0.143%): +$387 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKYUSDTM | 0.06895 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $406K | $292K | 50x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0033 | get 0.0004% / 1h | 3m 52s | $392 | $303K | 12x |
KuCoin SKYUSDTM
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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: +4.017% → +0.143%
- $387.47
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $361.45
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 18 min ago; Injective: no order-book sample. 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 KuCoin live order book, 18 min ago | 25.18 bp | 236.7 bp −$237 | 772.4 bp −$7,724 | 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: 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 SKY | −0.0318% | 4h | 0.06889 | −0.085% | $184K | $115K | — | as long as short |
| Bybit SKYUSDT | −0.0011% | 4h | 0.06896 | +0.015% | $7.2M | $3.2M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.07172 | +4.017% | $392 | $303K | 12x | |
| BloFin SKY-USDT | +0.0057% | 4h | 0.06898 | +0.044% | $586K | $29K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06901 | +0.090% | $180K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06902 | +0.105% | $73K | $30K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06909 | +0.201% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06903 | +0.121% | $15.7M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06899 | +0.058% | $819K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06902 | +0.102% | $599K | $287K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
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 | 0.06908 | +0.189% | $1.0M | $273K | 100x | as long as short |
| KuCoin SKYUSDTMlong | +0.0100% | 4h | 0.06895 | long leg | $406K | $292K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06907 | +0.174% | $2.9M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06899 | +0.058% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06911 | +0.232% | $27K | $663K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06905 | +0.145% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0471% | 1h | 0.06910 | +0.219% | $2.8M | $927K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06903 | +0.120% | $82K | — | 50x | as long as short |
MEXC SKY_USDT
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]