Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%
Price spread now: Lighter against Binance−0.036%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$130.125% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 2 days (all we have)−0.002%$0 · spread now −0.036%, 7d avg −0.034%
=Together, before fees−0.004%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, 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 | Binance SKHYUSDT | 193.40 | 0 | get 0.0000% / 8h | 7h 05m | $211.6M | $385.3M | 50x |
| Short | Lighter SKHY | 193.33 | 0.0032 | get 0.0004% / 1h | 5m 07s | $1.0M | $695K | 10x |
Binance SKHYUSDT
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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: −0.036% → −0.034%
- −$0.21
- Slippage, 4 orders
- −$2.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6
- Costs to cover
- 0.125%
- Break-even
- 13.3 days
Slippage from Binance: live order book, 9 min ago; Lighter: live order book, 6 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 Binance live order book, 9 min ago | 0.26 bp | 5.3 bp −$5 | 7.8 bp −$78 | 25.1 bp −$2,509 | 108.6 bp −$54.3K |
| Sell Lighter live order book, 6 min ago | 0.52 bp | 1.4 bp −$1 | 9.8 bp −$98 | 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 | −0.0141% | 4h | 193.40 | +0.001% | $583K | $290K | 10x | as long as short |
| Nado SKHY-PERP | −0.0024% | 1h | 193.50 | +0.052% | $44K | $20K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.24 | −0.080% | $249K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.35 | −0.025% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDTlong | 0.0000% | 8h | 193.40 | long leg | $211.6M | $385.3M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.45 | +0.026% | $15.7M | $27.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.46 | +0.031% | $46.9M | $68.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.36 | −0.021% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.46 | +0.031% | $1.6M | $2.3M | — | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 193.67 | +0.140% | $709 | $6.7M | 10x | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
Aster SKHYUSDT
Extended SKHY-USD
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
SunX SKHY-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 193.44 | +0.021% | $48K | $269K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.39 | −0.005% | $160K | $381K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.38 | −0.010% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0005% | 1h | 193.43 | +0.016% | $1.2M | $5.0M | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 193.33 | −0.036% | $1.0M | $695K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 193.32 | −0.041% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.37 | −0.016% | $57K | $153K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.48 | +0.041% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.47 | +0.036% | $197K | $258K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.36 | −0.021% | $163.7M | $66.6M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.37 | −0.016% | $191K | $454K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.36 | −0.021% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.28 | −0.062% | $542K | $1.7M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0088% | 1h | 193.24 | −0.083% | $54K | $870K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.38 | −0.010% | $1.1M | $278K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.42 | +0.010% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.44 | +0.021% | $2.2M | $446K | 50x | as long as short |
| Phoenix SKHY | +0.0335% | 1h | 193.32 | −0.041% | $218K | $120K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | +0.0411% | 8h | 193.23 | −0.088% | $23K | $192K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0415% | 8h | 193.41 | +0.005% | $25.8M | $26.9M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0707% | 1h | 193.46 | +0.031% | $51K | $17K | 20x | as long as short |
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
GRVT SKHY_USDT_Perp
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD