SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.039%

Price spread now: GMX against Lighter−0.201%129s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.201% cheaper against Lighter than usual: you would sell low and buy high (spread −0.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 4.4 days of funding at the current rate (+$5 a day). The two prices were read 129 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	Lighter SKY	0.06862	0.0096	pay 0.0012% / 1h	25m 07s	$179K	$117K	10x
Short	GMX SKY/USD [ETH-USDC]	0.06848	L +0.0522% / S −0.0248%	get 0.0031% / 1h	25m 07s	$81K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now −0.201%Rate

Funding earned: $31.85
Price spread: −0.201% → 0.000%: −$20.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.26
Costs to cover: 0.120%
Break-even: 7.1 days

Slippage unknown: Lighter: live order book, 65 min ago; GMX: 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 Lighter live order book, 65 min ago	13.08 bp	30.7 bp −$31	131.4 bp −$1,314	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 PERP	+0.0033%	1h	0.06893	+0.455%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0072%	4h	0.06857	−0.066%	$183K	$98K	—	as long as short
Lighter SKYlong	+0.0096%	1h	0.06862	long leg	$179K	$117K	10x
Nado SKY-PERP	+0.0100%	1h	0.06863	+0.021%	$71K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06865	+0.041%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06862	+0.001%	$15.6M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06863	+0.017%	$7.2M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06857	−0.070%	$800K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06855	−0.099%	$584K	$287K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06863	+0.017%	$1.0M	$267K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06866	+0.061%	$402K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06861	−0.012%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06864	+0.032%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06849	−0.187%	$26K	$647K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06862	+0.001%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0100%	4h	0.06862	+0.003%	$582K	$29K	75x	as long as short
Hyperliquid SKY	+0.0169%	1h	0.06875	+0.194%	$2.8M	$885K	3x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0522% / S −0.0248%	1h	0.06848	−0.201%	$81K	—	50x