Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1369%/8h= +149.9% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bitget−0.166%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.166%, 7d avg −0.103%

Together, before fees+0.031%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.064% cheaper against Bitget than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.103%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$41 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	186.30	−0.1337	get 0.1337% / 8h	59m 24s	$25.2M	$32.6M	20x
Short	Lighter RH SKHY	185.99	0.0032	get 0.0004% / 1h	59m 24s	$1.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now −0.166%Rate

Funding earned: $287.49
Price spread: −0.166% → −0.103%: −$6.37
Slippage, 4 orders: −$8.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $260.51
Costs to cover: 0.206%
Break-even: 0.7 days

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.54 bp	7.4 bp −$7	14.1 bp −$141	33.6 bp −$3,360	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.88 bp	2.4 bp −$2	14.2 bp −$142	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
Bitget SKHYUSDTlong	−0.1337%	8h	186.30	long leg	$25.2M	$32.6M	20x
tradeXYZ xyz:SKHY	−0.0367%	1h	185.91	−0.209%	$157.9M	$76.7M	10x	as long as short
edgeX SKHYUSDC	−0.0326%	4h	186.19	−0.058%	$561K	$292K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0305%	1h	185.85	−0.242%	$180K	$487K	10x	as long as short
Nado SKHY-PERP	−0.0227%	1h	186.01	−0.157%	$33K	$28K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0180%	1h	186.15	−0.081%	$49K	$345K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.24	−0.033%	$48K	$21K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.58	+0.687%	$68K	$905K	10x	as long as short
Lighter SKHY	−0.0096%	1h	186.00	−0.161%	$973K	$1.2M	10x	as long as short
Popdex SKHYUSDT	−0.0080%	1h	185.86	−0.236%	$203K	$284K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	185.88	−0.225%	$1.2M	$4.3M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0022%	1h	186.09	−0.113%	$520K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.12	−0.097%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	185.99	−0.168%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	185.93	−0.199%	$199.5M	$448.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	185.96	−0.183%	$16.5M	$29.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	185.88	−0.225%	$44.5M	$78.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	185.95	−0.188%	$25.5M	$20.7M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.16	−0.074%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.25	−0.029%	$22K	$231K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.39	+0.048%	$682	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.04	−0.140%	$154K	$366K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.12	−0.097%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0008%	8h	186.09	−0.113%	$1.1M	$325K	20x	as long as short
Lighter RH SKHYshort	+0.0032%	1h	185.99	−0.166%	$1.1M	$1.7M	10x
Arcus SKHY-USD	+0.0040%	1h	186.17	−0.070%	$60K	$170K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	185.99	−0.166%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.10	−0.107%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	185.99	−0.166%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.19	−0.059%	$2.2M	$422K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.34	+0.021%	$209K	$114K	10x	as long as short