SKY Funding Rate — live across 11 venues
Compared across 11 supported venues · net of estimated fees · updated every few minutes
Live annualized SKY perpetual funding across all 11 venues Perpia tracks. Right now SKY funding is positive on 10 and negative on 1, ranging from +10.9% on MEXC to -17.5% on Variational — a spread of 28.4%. The widest delta-neutral trade is long Variational / short MEXC at 25.7% net APR.
SKY funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
SKY funding rate by venue
18 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| MEXC↗ | +10.9% | 4h |
| Binance↗ | +10.9% | 4h |
| BingX↗ | +10.9% | 4h |
| Aster↗ | +10.9% | 4h |
| Hyperliquid↗ | +10.9% | 1h |
| Bybit↗ | +10.9% | 4h |
| Bitget↗ | +10.9% | 4h |
| Gate.io↗ | +10.9% | 4h |
| Lighter↗ | +10.5% | 8h |
| OKX↗ | +4.4% | 4h |
| Variational↗ | -17.5% | 4h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Variational vs MEXC page.
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SKY funding — FAQ
Is SKY funding positive right now?
SKY perpetual funding is positive on 10 of 11 venues Perpia tracks and negative on 1. The highest is +10.9% on MEXC; the lowest is -17.5% on Variational.
What is the best SKY funding arbitrage right now?
Go long Variational and short MEXC for about 25.7% net APR after fees — the widest delta-neutral SKY spread Perpia currently sees.
Which exchange has the highest SKY funding rate?
MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How SKY funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to SKY
Markets also quoted on both MEXC and Variational — the same two exchanges you would already have funded for the SKY trade.
See every spread between them on the MEXC vs Variational page.