SKY

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.195%

7d average+0.036%if it closes, per $10,000$20funding while held, a day−$2.00

Long on Variational Omni Short on Injective

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKY	0.07225	0.0100	pay 0.0050% / 4h	2h 24m	$199K	$93K	—
Short	Injective SKY/USDC PERP	0.07239	0.0033	get 0.0004% / 1h	24m 50s	$395	$162K	12x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Variational OmnibpFee InjectivebpOrdersClose when spread is

Spread captured: $19.52
Funding while held: −$2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $17.5
Spread needed to break even: 0.000%

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Injective: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0067%
Per $10,000 a day: −$2.00
Average in range /8h: —

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, 16 min ago	5.55 bp	doesn't fit	301.1 bp −$3,011	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 price on every exchange

against the cheapest. Click to use as the short leg.

Bybit0.07214cheapest BingX0.07215+0.014%Gate0.07218+0.055%OKX0.07219+0.069%GMX0.07220+0.085%MEXC0.07221+0.097%Nado0.07221+0.104%

Variational Omni0.07225+0.151%

Lighter0.07226+0.165%Bitget0.07226+0.166%Aster0.07227+0.179%Binance0.07227+0.185%KuCoin0.07228+0.194%Orderly0.07231+0.234%ApeX Omni0.07231+0.236%Hyperliquid0.07233+0.269%BloFin0.07237+0.319%

Injective0.07239+0.347%

SKY on 18 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit SKYUSDT	−0.151%	+0.0100%	4h	$8.1M	$3.1M	25x	as long as short
BingX SKY-USDT	−0.137%	+0.0100%	4h	—	$2.4M	—	as long as short
Gate SKY_USDT	−0.095%	+0.0100%	4h	$624K	$246K	50x	as long as short
OKX SKY-USDT-SWAP	−0.082%	+0.0100%	4h	$875K	$1.4M	20x	as long as short
GMX SKY/USD [ETH-USDC]	−0.066%	L +0.0538% / S −0.0248%	1h	$86K	—	50x	as long as short
MEXC SKY_USDT	−0.054%	+0.0100%	4h	$1.1M	$284K	100x	as long as short
Nado SKY-PERP	−0.047%	+0.0100%	1h	$72K	$29K	5x	as long as short
Variational Omni SKYlong	0.000%	+0.0100%	4h	$199K	$93K	—
Lighter SKY	+0.014%	+0.0096%	1h	$190K	$169K	10x	as long as short
Bitget SKYUSDT	+0.015%	+0.0100%	4h	$3.0M	$2.0M	75x	as long as short

Show all 18 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster SKYUSDT	+0.028%	+0.0100%	4h	$43K	$39K	20x	as long as short
Binance SKYUSDT	+0.033%	+0.0100%	4h	$16.8M	$9.6M	75x	as long as short
KuCoin SKYUSDTM	+0.043%	+0.0100%	4h	$454K	$290K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.083%	+0.0100%	4h	$701	$2K	10x	as long as short
ApeX Omni SKYUSDT	+0.084%	+0.0100%	1h	$20K	$686K	50x	as long as short
Hyperliquid SKY	+0.118%	+0.0799%	1h	$3.0M	$984K	3x	as long as short
BloFin SKY-USDT	+0.168%	+0.0114%	4h	$626K	$611K	75x	as long as short
Injective SKY/USDC PERPshort	+0.195%	+0.0033%	1h	$395	$162K	12x