SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0659%/8h= +72.1% APRnext payment +$0.82 per $10,000 · paid last 24h +0.193%

Price spread now: Phoenix against Lighter+0.596%74s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Phoenix is 0.596% dearer against Lighter than usual: you sell high and buy low: +$60 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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	Lighter SKR	0.02113	0.0096	pay 0.0012% / 1h	57m 56s	$14K	$16K	3x
Short	Phoenix SKR	0.02126	0.0755	get 0.0094% / 1h	57m 56s	$4K	$10K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee PhoenixbpOrdersPrice spread, now +0.596%Rate

Funding earned: $138.34
Price spread: +0.596% → 0.000%: $59.62
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $190.96
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Phoenix: 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 Lighter no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Lighter and Phoenix: 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.

SKR on 15 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
BloFin SKR-USDT	−0.0140%	4h	0.02126	+0.577%	$236K	$156K	20x	as long as short
Lighter SKRlong	+0.0096%	1h	0.02113	long leg	$14K	$16K	3x
Hyperliquid SKR	+0.0100%	1h	0.02116	+0.109%	$1.3M	$743K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02114	+0.022%	$26K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02120	+0.296%	$3.6M	$12.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02118	+0.241%	$4.5M	$5.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02117	+0.156%	$1.0M	$524K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02117	+0.166%	$4.4M	$461K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02119	+0.251%	$686K	$687K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02119	+0.289%	$1.5M	$1.2M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02120	+0.303%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02110	−0.142%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02126	+0.615%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0120%	1h	0.02115	+0.052%	$50K	$208K	5x	as long as short
Phoenix SKRshort	+0.0755%	1h	0.02126	+0.596%	$4K	$10K	3x