Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Aster−0.075%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.075%, 7d avg −0.081%
=Together, before fees+0.027%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster SKHYUSDT | 189.50 | 0 | get 0.0000% / 8h | 3h 20m | $246K | $894K | 50x |
| Short | Lighter RH SKHY | 189.36 | 0.0032 | get 0.0004% / 1h | 20m 02s | $1.0M | $1.5M | 10x |
Aster SKHYUSDT
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Aster. 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
- $6.72
- Price spread: −0.075% → −0.081%
- $0.61
- Slippage, 4 orders
- −$11.58
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$12.25
- Costs to cover
- 0.196%
- Break-even
- 19.8 days
Slippage from Aster: live order book, 33 min ago; Lighter RH: live order book, 3 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 Aster live order book, 33 min ago | 0.78 bp | 8.1 bp −$8 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.53 bp | 4.2 bp −$4 | 14.5 bp −$145 | doesn't fit | doesn't fit |
SKHY on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0719% | 4h | 189.39 | −0.060% | $571K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.189% | $36K | $876K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0019% | 1h | 189.43 | −0.038% | $158.8M | $69.7M | 10x | as long as short |
| Aster SKHYUSDTlong | 0.0000% | 8h | 189.50 | long leg | $246K | $894K | 50x | |
| Extended SKHY-USD | 0.0000% | 1h | 189.41 | −0.050% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.46 | −0.022% | $199.8M | $408.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.49 | −0.006% | $15.4M | $28.8M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.46 | −0.022% | $44.9M | $73.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.44 | −0.033% | $25.3M | $19.8M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.65 | +0.078% | $24.3M | $29.1M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 189.71 | +0.111% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.69 | +0.097% | $22K | $215K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.74 | +0.125% | $694 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.42 | −0.043% | $48K | $328K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.41 | −0.049% | $158K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.45 | −0.028% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.48 | −0.012% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0024% | 1h | 189.35 | −0.080% | $998K | $716K | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 189.36 | −0.075% | $1.0M | $1.5M | 10x | |
| Nado SKHY-PERP | +0.0035% | 1h | 189.56 | +0.031% | $33K | $28K | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.63 | +0.067% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.57 | +0.036% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.55 | +0.025% | $200K | $258K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.40 | −0.054% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.46 | −0.022% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.62 | +0.062% | $528K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 189.52 | +0.009% | $1.1M | $317K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.43 | −0.038% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.68 | +0.094% | $2.2M | $437K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 189.58 | +0.041% | $212K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0691% | 1h | 189.52 | +0.011% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Nado SKHY-PERP
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD