SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h +0.107%

Price spread now: Hyperliquid against GMX+0.192%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.192% dearer against GMX than usual: you sell high and buy low (spread +0.192% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SKY/USD [ETH-USDC]	0.07047	L +0.0526% / S −0.0248%	pay 0.0066% / 1h	57m 59s	$83K	—	50x
Short	Hyperliquid SKY	0.07061	0.0118	get 0.0015% / 1h	57m 59s	$3.0M	$890K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.192%Rate

Funding earned: −$85.76
Price spread: +0.192% → 0.000%: $19.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$87.61
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 3 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	1.70 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.1692%	4h	0.07040	−0.105%	$7.6M	$3.3M	25x	as long as short
Variational Omni SKY	−0.0643%	4h	0.07042	−0.076%	$193K	$104K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+1.768%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0053%	1h	0.07045	−0.027%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07054	+0.091%	$191K	$161K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07051	+0.051%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07051	+0.050%	$16.0M	$10.2M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07045	−0.034%	$849K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07045	−0.034%	$601K	$252K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07050	+0.037%	$1.1M	$280K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07038	−0.133%	$420K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07050	+0.037%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07047	−0.006%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07056	+0.122%	$22K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07049	+0.028%	$1K	$2K	10x	as long as short
Hyperliquid SKYshort	+0.0118%	1h	0.07061	+0.192%	$3.0M	$890K	3x
BloFin SKY-USDT	+0.0134%	4h	0.07053	+0.079%	$587K	$30K	75x	as long as short
GMX SKY/USD [ETH-USDC]long	L +0.0526% / S −0.0248%	1h	0.07047	long leg	$83K	—	50x