Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.021%
Price spread now: Lighter against Bybit+0.088%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.088%, 7d avg +0.093%
=Together, before fees+0.119%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKYUSDT | 0.06834 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $7.2M | $3.2M | 25x |
| Short | Lighter SKY | 0.06840 | 0.0096 | get 0.0012% / 1h | 59m 39s | $178K | $139K | 10x |
Bybit SKYUSDT
Lighter SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$0.84
- Price spread: +0.088% → +0.093%
- −$0.48
- Slippage, 4 orders
- −$86.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.98
- Costs to cover
- 0.977%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 40 min ago.
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 Bybit live order book, 3 min ago | 2.93 bp | 31.5 bp −$32 | 265.4 bp −$2,654 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 min ago | 11.20 bp | 17.4 bp −$17 | 118.4 bp −$1,184 | doesn't fit | doesn't fit |
SKY on 18 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 SKY | −0.0146% | 4h | 0.06830 | −0.054% | $182K | $113K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.863% | $376 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0044% | 4h | 0.06836 | +0.029% | $581K | $29K | 75x | as long as short |
| Nado SKY-PERP | +0.0093% | 1h | 0.06839 | +0.066% | $75K | $31K | 5x | as long as short |
| Lighter SKYshort | +0.0096% | 1h | 0.06840 | +0.088% | $178K | $139K | 10x | |
| Hyperliquid SKY | +0.0100% | 1h | 0.06849 | +0.222% | $2.8M | $912K | 3x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06848 | +0.200% | $41K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06840 | +0.088% | $15.6M | $11.0M | 75x | as long as short |
| Bybit SKYUSDTlong | +0.0100% | 4h | 0.06834 | long leg | $7.2M | $3.2M | 25x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06825 | −0.132% | $814K | $1.1M | 20x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
Nado SKY-PERP
Hyperliquid SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKY_USDT | +0.0100% | 4h | 0.06842 | +0.117% | $592K | $268K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06840 | +0.088% | $1.0M | $263K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06842 | +0.117% | $403K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06839 | +0.073% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06838 | +0.059% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06841 | +0.102% | $27K | $657K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06841 | +0.100% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0520% / S −0.0248% | 1h | 0.06836 | +0.028% | $81K | — | 50x | as long as short |
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]