SKY funding rates and arbitrage
SKY perpetuals trade on 13 contracts across 13 venues, forming 78 cross-venue arbitrage pairs. By net APR the current best pair is long MEXC against short Coinbase, netting +17.52%, though note the legs settle on different cadences (4h / 1h)。
SKY perpetual funding rates by venue
APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| Binance | SKYUSDT | USDT | 4h | 0.0019% | +4.26% | -2.23% | $4.6M | 0.06932 |
| WhiteBIT | SKY_PERP | USDT | 4h | 0.0050% | +10.95% | +10.95% | $3.0M | 0.06925 |
| BingX | SKY-USDT | USDT | 4h | 0.0050% | +10.95% | +10.95% | $2.3M | 0.06934 |
| Bybit | SKYUSDT | USDT | 4h | 0.0050% | +10.95% | +2.80% | $1.7M | 0.06935 |
| OKX | SKY-USDT-SWAP | USDT | 4h | 0.0050% | +10.95% | +8.86% | $729K | 0.06938 |
| Hyperliquid | SKY | USDC | 1h | 0.0013% | +10.95% | +6.07% | $502K | 0.06935 |
| MEXC | SKY_USDT | USDT | 4h | 0.0016% | +3.50% | -2.07% | $497K | 0.06932 |
| Bitget | SKYUSDT | USDT | 4h | 0.0050% | +10.95% | +10.95% | $170K | 0.06928 |
| Gate | SKY_USDT | USDT | 4h | 0.0050% | +10.95% | +10.95% | $75K | 0.06920 |
| Lighter | SKY | USDC | 1h | 0.0012% | +10.51% | +8.41% | $73K | 0.06942 |
| KuCoin | SKYUSDTM | USDT | 4h | 0.0050% | +10.95% | +10.95% | $44K | 0.06936 |
| Aster | SKYUSDT | USDT | 4h | 0.0042% | +9.11% | +5.69% | $8K | 0.06931 |
| Coinbase | SKY-PERP | USDC | 1h | 0.0024% | +21.02% | +21.02% | $3K | 0.06772 |
SKY cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| MEXC USDT | Coinbase USDC | +17.52% | 0.0480% | +23.09% | 4h / 1h | $3K |
| Binance USDT | Coinbase USDC | +16.76% | 0.0459% | +23.26% | 4h / 1h | $3K |
| Aster USDT | Coinbase USDC | +11.91% | 0.0326% | +15.33% | 4h / 1h | $3K |
| Lighter USDC | Coinbase USDC | +10.51% | 0.0288% | +12.61% | 1h matched | $3K |
| BingX USDT | Coinbase USDC | +10.07% | 0.0276% | +10.07% | 4h / 1h | $3K |
| Bitget USDT | Coinbase USDC | +10.07% | 0.0276% | +10.07% | 4h / 1h | $3K |
| Bybit USDT | Coinbase USDC | +10.07% | 0.0276% | +18.22% | 4h / 1h | $3K |
| Gate USDT | Coinbase USDC | +10.07% | 0.0276% | +10.07% | 4h / 1h | $3K |
| Hyperliquid USDC | Coinbase USDC | +10.07% | 0.0276% | +14.95% | 1h matched | $3K |
| KuCoin USDT | Coinbase USDC | +10.07% | 0.0276% | +10.07% | 4h / 1h | $3K |
| OKX USDT | Coinbase USDC | +10.07% | 0.0276% | +12.17% | 4h / 1h | $3K |
| WhiteBIT USDT | Coinbase USDC | +10.07% | 0.0276% | +10.07% | 4h / 1h | $3K |
Sky project profile
- Total
- 23.45B
- Max supply
- 23.46B
- Type
- Token
- Market cap rank
- #62
0x56072c95faa701256059aa122697b133aded9279asset_registry%2F1000795About
SKY is a governance token, which is like a digital voting share, for Sky Protocol. This system launched in 2024 as a rebrand and upgrade of the older Maker Protocol. Sky Protocol’s main value lies in giving users a simple, secure way to trade, save, and earn rewards without ever giving up control of their funds. It is built around a stablecoin called USDS, which is always worth one US dollar, but it is completely decentralized. The protocol is run by automated agreements called smart contracts, so there’s no middleman controlling users' money. The system uses two main tokens: USDS for stable savings, and SKY for community governance. users can help secure the network and earn rewards by staking their SKY tokens in the Staking Engine, which is like locking them in an interest-bearing account to help the system run. The protocol also uses SkyLink to seamlessly connect users' funds across different blockchains for faster and cheaper transactions. The Sky Protocol is unique because it has no single CEO or traditional core team of investors; instead, it is managed entirely by its global community of SKY token holders. This decentralized setup means that SKY is primarily used for two cor
Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.
Funding rates for other coins
Snapshot taken 2026-10-19 19:25 UTC; the page regenerates every minute. For live data, history charts and filters, open the live dashboard, or browse All coins.