Funding you earn now, next payment 23:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.009%
Price spread now: Injective against Lighter+1.282%7-day average −0.062% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 3 days (all we have)−1.445%−$144 · spread now +1.282%, 7d avg −0.062%
=Together, before fees−1.628%+ Points / potential airdropLighter: Season 3 · farm board−$163 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.344% dearer against Lighter than usual: you sell high and buy low (spread +1.282% now, against its 7-day average of −0.062%): +$134 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 54 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKY | 0.07081 | 0.0096 | pay 0.0012% / 1h | 13m 12s | $185K | $163K | 10x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0014 | get 0.0002% / 1h | 13m 12s | $392 | $303K | 12x |
Lighter SKY
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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
- −$17.26
- Price spread: +1.282% → −0.062%
- $134.42
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $117.13
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 61 min ago; 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 Lighter live order book, 61 min ago | 11.94 bp | 13.0 bp −$13 | 106.0 bp −$1,060 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.0608% | 4h | 0.07071 | −0.142% | $194K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0301% | 4h | 0.07070 | −0.158% | $7.7M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0014% | 1h | 0.07172 | +1.282% | $392 | $303K | 12x | |
| Nado SKY-PERP | +0.0065% | 1h | 0.07077 | −0.063% | $70K | $26K | 5x | as long as short |
| Lighter SKYlong | +0.0096% | 1h | 0.07081 | long leg | $185K | $163K | 10x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.07080 | −0.024% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07079 | −0.026% | $16.1M | $10.3M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07073 | −0.116% | $851K | $1.4M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07073 | −0.116% | $604K | $261K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07080 | −0.017% | $1.1M | $289K | 100x | as long as short |
Variational Omni 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 | 0.07083 | +0.025% | $427K | $288K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07079 | −0.031% | $2.9M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07075 | −0.088% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07086 | +0.068% | $20K | $684K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07079 | −0.028% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0154% | 4h | 0.07080 | −0.017% | $593K | $30K | 75x | as long as short |
| Hyperliquid SKY | +0.0292% | 1h | 0.07090 | +0.124% | $3.0M | $930K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0528% / S −0.0248% | 1h | 0.07078 | −0.047% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]