SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0492%/8h= −53.9% APRnext payment −$0.61 per $10,000 · paid last 24h −0.127%

Price spread now: Injective against GMX+2.945%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 Injective

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—needs both histories

The price spread pays, funding is against you. Injective is 2.945% dearer against GMX than usual: you sell high and buy low (spread +2.945% now, against zero (this spread has no 7-day history yet)): +$295 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SKY/USD [ETH-USDC]	0.06967	L +0.0525% / S −0.0248%	pay 0.0066% / 1h	44m 43s	$83K	—	50x
Short	Injective SKY/USDC PERP	0.07172	0.0033	get 0.0004% / 1h	44m 43s	$392	$303K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.945%Rate

Funding earned: −$103.32
Price spread: +2.945% → 0.000%: $294.54
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $179.2
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and 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	−0.0488%	4h	0.06962	−0.070%	$201K	$118K	—	as long as short
Bybit SKYUSDT	−0.0124%	4h	0.06955	−0.169%	$7.4M	$3.4M	25x	as long as short
Injective SKY/USDC PERPshort	+0.0033%	1h	0.07172	+2.945%	$392	$303K	12x
BloFin SKY-USDT	+0.0080%	4h	0.06993	+0.376%	$596K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06961	−0.083%	$182K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06964	−0.033%	$70K	$28K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06974	+0.102%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06965	−0.026%	$16.0M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06962	−0.069%	$834K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06974	+0.103%	$585K	$263K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06964	−0.040%	$1.0M	$269K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06974	+0.103%	$412K	$294K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06962	−0.069%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06965	−0.026%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06970	+0.046%	$24K	$678K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06971	+0.063%	$935	$3K	10x	as long as short
Hyperliquid SKY	+0.0238%	1h	0.06978	+0.156%	$2.9M	$910K	3x	as long as short
GMX SKY/USD [ETH-USDC]long	L +0.0525% / S −0.0248%	1h	0.06967	long leg	$83K	—	50x