Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.011%
Price spread now: Injective against Gate+1.967%7-day average +0.248% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−2.087%−$209 · spread now +1.967%, 7d avg +0.248%
=The price spread pays, funding is against you. Injective is 1.719% dearer against Gate than usual: you sell high and buy low (spread +1.967% now, against its 7-day average of +0.248%): +$172 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.020% in total) that is about 20 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKY_USDT | 0.06760 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $573K | $284K | 50x |
| Short | Injective SKY/USDC PERP | 0.06893 | 0.0033 | get 0.0004% / 1h | 52m 39s | $376 | $303K | 12x |
Gate SKY_USDT
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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: +1.967% → +0.248%
- $171.91
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $142.89
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 43 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 Gate live order book, 43 min ago | 5.16 bp | 77.4 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKYUSDT | +0.0027% | 4h | 0.06769 | +0.133% | $7.1M | $3.2M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0033% | 1h | 0.06893 | +1.967% | $376 | $303K | 12x | |
| Variational Omni SKY | +0.0079% | 4h | 0.06770 | +0.154% | $181K | $98K | — | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06773 | +0.195% | $178K | $105K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06764 | +0.067% | $68K | $32K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06786 | +0.382% | $2.8M | $864K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06776 | +0.237% | $41K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06774 | +0.207% | $15.3M | $11.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06773 | +0.192% | $792K | $1.2M | 20x | as long as short |
| Gate SKY_USDTlong | +0.0100% | 4h | 0.06760 | long leg | $573K | $284K | 50x |
Bybit SKYUSDT
Variational Omni SKY
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06774 | +0.207% | $1.0M | $265K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06775 | +0.222% | $397K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06777 | +0.251% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06775 | +0.222% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06775 | +0.222% | $34K | $655K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06774 | +0.200% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0156% | 4h | 0.06768 | +0.118% | $577K | $28K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0519% / S −0.0248% | 1h | 0.06774 | +0.213% | $80K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]