Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.010%
Price spread now: KuCoin against Injective−0.417%100s7-day average −0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 3 days (all we have)+0.225%+$22 · spread now −0.417%, 7d avg −0.031%
=Funding pays, the price is against you. KuCoin is 0.385% cheaper against Injective than usual: you would sell low and buy high (spread −0.417% now, against its 7-day average of −0.031%). If the spread goes back, that is −$39 on $10k: about 15 days of funding at the current rate (+$3 a day). The two prices were read 100 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 | 0.07197 | 0.0014 | pay 0.0002% / 1h | 47m 43s | $393 | $260K | 12x |
| Short | KuCoin SKYUSDTM | 0.07167 | 0.0100 | get 0.0050% / 4h | 1h 47m | $439K | $279K | 50x |
Injective SKY/USDC PERP
KuCoin SKYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $18.1
- Price spread: −0.417% → −0.031%
- −$38.54
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$32.45
- Costs to cover
- 0.120%
- Break-even
- 19.5 days
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 24 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 KuCoin live order book, 24 min ago | 37.53 bp | 580.7 bp −$581 | 732.7 bp −$7,327 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0493% | 4h | 0.07181 | −0.217% | $198K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0122% | 4h | 0.07162 | −0.486% | $7.8M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0014% | 1h | 0.07197 | long leg | $393 | $260K | 12x | |
| Nado SKY-PERP | +0.0035% | 1h | 0.07171 | −0.361% | $71K | $25K | 5x | as long as short |
| BloFin SKY-USDT | +0.0043% | 4h | 0.07192 | −0.069% | $606K | $321K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07174 | −0.317% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07177 | −0.271% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07173 | −0.333% | $16.5M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07167 | −0.417% | $860K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07175 | −0.306% | $616K | $252K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Nado SKY-PERP
BloFin SKY-USDT
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07176 | −0.292% | $1.1M | $280K | 100x | as long as short |
| KuCoin SKYUSDTMshort | +0.0100% | 4h | 0.07167 | −0.417% | $439K | $279K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07177 | −0.278% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07171 | −0.361% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07197 | 0.000% | $20K | $687K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07174 | −0.317% | $696 | $2K | 10x | as long as short |
| Hyperliquid SKY | +0.0377% | 1h | 0.07184 | −0.186% | $3.0M | $906K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0533% / S −0.0248% | 1h | 0.07176 | −0.288% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]