Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.005%
Price spread now: Lighter against BloFin−0.092%90s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1141.142% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.092%, 7d avg +0.002%
=Together, before fees+0.100%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.093% cheaper against BloFin than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.002%). If the spread goes back, that is −$9 on $10k: about 24 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.013% in total) that is about 50 days. The two prices were read 90 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 | BloFin SKY-USDT | 0.06868 | 0.0083 | pay 0.0042% / 4h | 1h 45m | $584K | $29K | 75x |
| Short | Lighter SKY | 0.06862 | 0.0096 | get 0.0012% / 1h | 45m 34s | $179K | $117K | 10x |
BloFin SKY-USDT
Lighter SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- $2.67
- Price spread: −0.092% → +0.002%
- −$9.33
- Slippage, 4 orders
- −$102.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$120.84
- Costs to cover
- 1.142%
- Break-even
- 323.6 days
Slippage from BloFin: live order book, 41 min ago; Lighter: live order book, 44 min ago.
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 BloFin live order book, 41 min ago | 2.94 bp | 13.3 bp −$13 | 32.2 bp −$322 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 44 min ago | 13.08 bp | 43.8 bp −$44 | 131.0 bp −$1,310 | doesn't fit | doesn't fit |
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 | +0.364% | $376 | $303K | 12x | as long as short |
| Variational Omni SKY | +0.0052% | 4h | 0.06852 | −0.236% | $183K | $98K | — | as long as short |
| BloFin SKY-USDTlong | +0.0083% | 4h | 0.06868 | long leg | $584K | $29K | 75x | |
| Lighter SKYshort | +0.0096% | 1h | 0.06862 | −0.092% | $179K | $117K | 10x | |
| Nado SKY-PERP | +0.0100% | 1h | 0.06858 | −0.138% | $72K | $31K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06866 | −0.035% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06861 | −0.102% | $15.6M | $11.2M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06855 | −0.189% | $7.2M | $3.0M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06855 | −0.189% | $801K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06854 | −0.204% | $585K | $286K | 50x | as long as short |
Injective SKY/USDC PERP
Variational Omni SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit 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 | 0.06861 | −0.102% | $1.0M | $265K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06866 | −0.029% | $402K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06865 | −0.044% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06861 | −0.102% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06872 | +0.058% | $26K | $646K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06866 | −0.033% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKY | +0.0127% | 1h | 0.06870 | +0.029% | $2.8M | $885K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06861 | −0.105% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]