SKY

Alert

Funding spread now, next payment 14:00 UTC+0.0855%/8h

paid, last 24h+0.203%paid, last 7 days+0.334%to open and close $10k−$56

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% 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	MEXC SKY_USDT	0.07278	0.0100	pay 0.0050% / 4h	2h 36m	$1.1M	$260K	100x
Short	Hyperliquid SKY	0.07290	0.0955	get 0.0119% / 1h	36m 39s	$3.1M	$857K	3x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HyperliquidbpOrdersRate

Funding earned: $179.55
Slippage, 4 orders: −$42.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $123.89
Break-even: 2.2 days

Slippage from MEXC: live order book, 6 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.168%
Avg gap 7d: +0.160%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 MEXC live order book, 6 min ago	0.69 bp	8.6 bp −$9	54.3 bp −$543	277.9 bp −$27.8K	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.51 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit

SKY on 18 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective SKY/USDC PERP	+0.0033%	1h	$398	$195K	12x	as long as short
Lighter SKY	+0.0096%	1h	$195K	$164K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	$82K	$19K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	$44K	$38K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	$16.9M	$8.8M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	$8.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	$883K	$1.5M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	$609K	$201K	50x	as long as short
MEXC SKY_USDTlong	+0.0100%	4h	$1.1M	$260K	100x
KuCoin SKYUSDTM	+0.0100%	4h	$456K	$295K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	$3.0M	$1.8M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	$197K	$88K	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	$21K	$688K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	$706	$2K	10x	as long as short
BloFin SKY-USDT	+0.0129%	4h	$639K	$616K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0542% / S −0.0248%	1h	$86K	—	50x	as long as short
Hyperliquid SKYshort	+0.0955%	1h	$3.1M	$857K	3x