Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.007%
Price spread now: Injective against BingX+3.687%7-day average +0.108% · 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)−3.357%−$336 · spread now +3.687%, 7d avg +0.108%
=The price spread pays, funding is against you. Injective is 3.578% dearer against BingX than usual: you sell high and buy low (spread +3.687% now, against its 7-day average of +0.108%): +$358 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SKY-USDT | 0.06917 | 0.0100 | pay 0.0050% / 4h | 1h 32m | — | $2.4M | — |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0033 | get 0.0004% / 1h | 32m 34s | $392 | $303K | 12x |
BingX SKY-USDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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: +3.687% → +0.108%
- $357.81
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $333.79
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 16 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 BingX live order book, 16 min ago | 3.62 bp | 18.1 bp −$18 | 48.5 bp −$485 | 268.8 bp −$26.9K | 1028.8 bp −$514.4K |
| 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 | −0.0390% | 4h | 0.06916 | −0.019% | $185K | $126K | — | as long as short |
| Bybit SKYUSDT | −0.0052% | 4h | 0.06911 | −0.087% | $7.3M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.07172 | +3.687% | $392 | $303K | 12x | |
| BloFin SKY-USDT | +0.0083% | 4h | 0.06919 | +0.029% | $588K | $29K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06918 | +0.010% | $180K | $177K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06922 | +0.075% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06922 | +0.077% | $15.8M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06917 | 0.000% | $827K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06919 | +0.029% | $593K | $277K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06921 | +0.058% | $1.0M | $271K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
BloFin SKY-USDT
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 | 0.06922 | +0.072% | $412K | $295K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06917 | 0.000% | $2.9M | $1.5M | 75x | as long as short |
| BingX SKY-USDTlong | +0.0100% | 4h | 0.06917 | long leg | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06924 | +0.101% | $27K | $665K | 50x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06917 | 0.000% | $71K | $29K | 5x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06922 | +0.077% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06921 | +0.053% | $82K | — | 50x | as long as short |
| Hyperliquid SKY | +0.0930% | 1h | 0.06937 | +0.285% | $2.9M | $915K | 3x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Nado SKY-PERP
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]
Hyperliquid SKY