Funding you earn now, next payment 23:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.010%
Price spread now: Injective against Orderly+1.164%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.164% dearer against Orderly than usual: you sell high and buy low (spread +1.164% now, against zero (this spread has no 7-day history yet)): +$116 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 days. The two prices were read 58 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 | Orderly PERP_SKY_USDC_mythos | 0.07089 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $1K | $2K | 10x |
| Short | Injective SKY/USDC PERP | 0.07172 | 0.0014 | get 0.0002% / 1h | 17m 49s | $392 | $303K | 12x |
Orderly PERP_SKY_USDC_mythos
Injective SKY/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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: +1.164% → 0.000%
- $116.37
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $92.24
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and 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 | −0.0538% | 4h | 0.07089 | −0.005% | $195K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0278% | 4h | 0.07076 | −0.190% | $7.7M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERPshort | +0.0014% | 1h | 0.07172 | +1.164% | $392 | $303K | 12x | |
| Nado SKY-PERP | +0.0071% | 1h | 0.07086 | −0.042% | $70K | $26K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07089 | 0.000% | $186K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07088 | −0.019% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07088 | −0.023% | $16.1M | $10.3M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07083 | −0.092% | $853K | $1.4M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07080 | −0.134% | $605K | $261K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07088 | −0.021% | $1.1M | $289K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Nado SKY-PERP
Lighter SKY
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 | 0.07092 | +0.035% | $428K | $288K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07089 | −0.007% | $2.9M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07083 | −0.092% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07106 | +0.233% | $20K | $684K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythoslong | +0.0100% | 4h | 0.07089 | long leg | $1K | $2K | 10x | |
| BloFin SKY-USDT | +0.0131% | 4h | 0.07090 | +0.007% | $595K | $30K | 75x | as long as short |
| Hyperliquid SKY | +0.0287% | 1h | 0.07100 | +0.154% | $3.0M | $930K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0527% / S −0.0248% | 1h | 0.07088 | −0.025% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]