Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.007%
Price spread now: BingX against Injective−0.276%57s7-day average −0.158% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 4 days (all we have)+0.395%+$39 · spread now −0.276%, 7d avg −0.158%
=Funding pays, the price is against you. BingX is 0.118% cheaper against Injective than usual: you would sell low and buy high (spread −0.276% now, against its 7-day average of −0.158%). If the spread goes back, that is −$12 on $10k: about 5.9 days of funding at the current rate (+$2 a day). The two prices were read 57 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 | Injective SKY/USDC PERP | 0.06893 | 0.0033 | pay 0.0004% / 1h | 42m 17s | $376 | $303K | 12x |
| Short | BingX SKY-USDT | 0.06874 | 0.0100 | get 0.0050% / 4h | 42m 17s | — | $2.4M | — |
Injective SKY/USDC PERP
BingX SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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: −0.276% → −0.158%
- −$11.75
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$7.77
- Costs to cover
- 0.100%
- Break-even
- 10.9 days
Slippage unknown: Injective: no order-book sample; BingX: live order book, 7 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 Injective no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 7 min ago | 2.91 bp | 19.1 bp −$19 | 61.4 bp −$614 | 270.6 bp −$27.1K | 810.2 bp −$405.1K |
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 | −0.0201% | 4h | 0.06868 | −0.367% | $183K | $113K | — | as long as short |
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.06893 | long leg | $376 | $303K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.06877 | −0.234% | $179K | $177K | 10x | as long as short |
| Bybit SKYUSDT | +0.0098% | 4h | 0.06873 | −0.290% | $7.2M | $3.2M | 25x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06876 | −0.239% | $73K | $30K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06877 | −0.238% | $42K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06877 | −0.232% | $15.7M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06872 | −0.305% | $822K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06874 | −0.276% | $597K | $271K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06876 | −0.247% | $1.0M | $262K | 100x | as long as short |
Variational Omni SKY
Lighter SKY
Bybit SKYUSDT
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06877 | −0.232% | $405K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06877 | −0.232% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDTshort | +0.0100% | 4h | 0.06874 | −0.276% | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06875 | −0.261% | $27K | $661K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06877 | −0.234% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0101% | 4h | 0.06888 | −0.073% | $585K | $29K | 75x | as long as short |
| Hyperliquid SKY | +0.0311% | 1h | 0.06887 | −0.086% | $2.8M | $929K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06875 | −0.254% | $81K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]