Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.011%
Price spread now: Gate against Injective−1.175%7-day average −0.248% · you buy dearer than you sell
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)+1.295%+$129 · spread now −1.175%, 7d avg −0.248%
=Funding pays, the price is against you. Gate is 0.927% cheaper against Injective than usual: you would sell low and buy high (spread −1.175% now, against its 7-day average of −0.248%). If the spread goes back, that is −$93 on $10k: about 46 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.020% in total) that is about 11 months.
| 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 | 50m 59s | $376 | $303K | 12x |
| Short | Gate SKY_USDT | 0.06812 | 0.0100 | get 0.0050% / 4h | 3h 50m | $586K | $290K | 50x |
Injective SKY/USDC PERP
Gate SKY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −1.175% → −0.248%
- −$92.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$93.69
- Costs to cover
- 0.150%
- Break-even
- 53.8 days
Slippage unknown: Injective: no order-book sample; Gate: live order book, 45 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 Gate live order book, 45 min ago | 5.16 bp | 103.5 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.06893 | long leg | $376 | $303K | 12x | |
| Variational Omni SKY | +0.0079% | 4h | 0.06770 | −1.779% | $181K | $98K | — | as long as short |
| BloFin SKY-USDT | +0.0094% | 4h | 0.06774 | −1.726% | $577K | $28K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06815 | −1.124% | $179K | $105K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06802 | −1.317% | $69K | $33K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06823 | −1.021% | $2.8M | $872K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06824 | −1.005% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06829 | −0.926% | $15.4M | $11.2M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06826 | −0.972% | $7.1M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06816 | −1.117% | $800K | $1.2M | 20x | as long as short |
Variational Omni SKY
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDTshort | +0.0100% | 4h | 0.06812 | −1.175% | $586K | $290K | 50x | |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06820 | −1.059% | $1.0M | $265K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06822 | −1.030% | $402K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06815 | −1.132% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06826 | −0.972% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06770 | −1.784% | $34K | $655K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06818 | −1.084% | $692 | $4K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0520% / S −0.0248% | 1h | 0.06817 | −1.097% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]