Funding you earn now, next payment 02:00 UTC+0.0703%/8h= +77.0% APRpaid last 24h +0.104%
Price spread now: GMX against Variational Omni+0.160%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and GMX is 0.160% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SKY | 0.06901 | −0.0456 | get 0.0228% / 4h | 2h 04m | $184K | $126K | — |
| Short | GMX SKY/USD [ETH-USDC] | 0.06912 | L +0.0523% / S −0.0248% | get 0.0031% / 1h | 4m 17s | $82K | — | 50x |
Variational Omni SKY
GMX SKY/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $147.67
- Price spread: +0.160% → 0.000%
- $15.95
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $151.62
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 65 min ago; GMX: 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 Variational Omni RFQ quote, 65 min ago | 4.26 bp | doesn't fit | 139.3 bp −$1,393 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 17 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 SKYlong | −0.0456% | 4h | 0.06901 | long leg | $184K | $126K | — | |
| Bybit SKYUSDT | −0.0101% | 4h | 0.06907 | +0.083% | $7.3M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.923% | $392 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06908 | +0.103% | $180K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06911 | +0.144% | $69K | $28K | 5x | as long as short |
| Hyperliquid SKY | +0.0100% | 1h | 0.06931 | +0.435% | $2.9M | $917K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06916 | +0.213% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06915 | +0.201% | $15.8M | $11.0M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06907 | +0.083% | $824K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06907 | +0.083% | $593K | $283K | 50x | as long as short |
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06917 | +0.228% | $1.0M | $287K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06915 | +0.199% | $412K | $294K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06917 | +0.228% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06908 | +0.097% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06913 | +0.170% | $28K | $666K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06915 | +0.206% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC]short | L +0.0523% / S −0.0248% | 1h | 0.06912 | +0.160% | $82K | — | 50x |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos