SKY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.18 per $10,000 · paid last 24h −0.188%

Price spread now: GMX against Hyperliquid−0.150%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 0.150% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SKY	0.07061	0.0100	pay 0.0013% / 1h	59m 10s	$3.0M	$890K	3x
Short	GMX SKY/USD [ETH-USDC]	0.07050	L +0.0526% / S −0.0248%	get 0.0031% / 1h	59m 10s	$84K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $31.01
Price spread: −0.150% → 0.000%: −$15.01
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5
Costs to cover: 0.210%
Break-even: 8.1 days

Slippage unknown: Hyperliquid: live order book, 2 min ago; GMX: 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 Hyperliquid live order book, 2 min ago	1.70 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Variational Omni SKY	−0.0643%	4h	0.07042	−0.264%	$193K	$104K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+1.576%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0089%	1h	0.07049	−0.169%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07057	−0.050%	$189K	$159K	10x	as long as short
Hyperliquid SKYlong	+0.0100%	1h	0.07061	long leg	$3.0M	$890K	3x
Aster SKYUSDT	+0.0100%	4h	0.07055	−0.080%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07051	−0.140%	$16.0M	$10.2M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.07045	−0.222%	$7.6M	$3.3M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07050	−0.152%	$850K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07050	−0.152%	$603K	$251K	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	0.07052	−0.123%	$1.1M	$280K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07042	−0.265%	$420K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07049	−0.166%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07048	−0.180%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07056	−0.067%	$22K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07055	−0.079%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0134%	4h	0.07053	−0.109%	$587K	$30K	75x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0526% / S −0.0248%	1h	0.07050	−0.150%	$84K	—	50x