SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Nado against Lighter−0.086%7-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 Nado

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 · Nado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.086% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKY	0.07005	0.0096	pay 0.0012% / 1h	0m 59s	$183K	$181K	10x
Short	Nado SKY-PERP	0.06999	0.0100	get 0.0012% / 1h	0m 59s	$70K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.086%Rate

Funding earned: $0.84
Price spread: −0.086% → 0.000%: −$8.57
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.73
Costs to cover: 0.070%
Break-even: 129.7 days

Slippage unknown: Lighter: live order book, 54 min ago; Nado: 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, 54 min ago	13.52 bp	14.9 bp −$15	102.7 bp −$1,027	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	−0.0557%	4h	0.06996	−0.125%	$201K	$118K	—	as long as short
Bybit SKYUSDT	−0.0264%	4h	0.07000	−0.071%	$7.5M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.384%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0058%	4h	0.07029	+0.343%	$597K	$29K	75x	as long as short
Lighter SKYlong	+0.0096%	1h	0.07005	long leg	$183K	$181K	10x
Nado SKY-PERPshort	+0.0100%	1h	0.06999	−0.086%	$70K	$28K	5x
Aster SKYUSDT	+0.0100%	4h	0.07010	+0.071%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07004	−0.014%	$16.1M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07008	+0.043%	$842K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06994	−0.157%	$587K	$266K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.07004	−0.014%	$1.0M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07006	+0.014%	$411K	$293K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07005	0.000%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06999	−0.086%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07019	+0.200%	$24K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07004	−0.011%	$940	$3K	10x	as long as short
Hyperliquid SKY	+0.0175%	1h	0.07015	+0.137%	$2.9M	$904K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07005	−0.003%	$83K	—	50x	as long as short