Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%
Price spread now: Lighter against Bybit−0.048%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now −0.048%, 7d avg −0.078%
=Together, before fees−0.054%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.031% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKHYUSDT | 188.05 | 0 | get 0.0000% / 8h | 5h 47m | $16.5M | $34.3M | 100x |
| Short | Lighter SKHY | 187.96 | 0.0032 | get 0.0004% / 1h | 47m 48s | $988K | $1.3M | 10x |
Bybit SKHYUSDT
Lighter SKHYFunding 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
- $6.72
- Price spread: −0.048% → −0.078%
- $3.06
- Slippage, 4 orders
- −$6.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.49
- Costs to cover
- 0.173%
- Break-even
- 14.8 days
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 1 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, 4 min ago | 0.27 bp | 7.3 bp −$7 | 12.7 bp −$127 | 85.1 bp −$8,515 | doesn't fit |
| Sell Lighter live order book, 1 min ago | 0.53 bp | 1.0 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
SKHY on 31 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SKHY_USDC-PERPETUAL | −0.0759% | 1h | 188.05 | 0.000% | $35K | $462K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0570% | 8h | 188.11 | +0.032% | $26.1M | $36.4M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0493% | 4h | 188.17 | +0.066% | $567K | $286K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0267% | 1h | 187.72 | −0.177% | $51K | $36K | 20x | as long as short |
| KuCoin SKHYUSDTM | −0.0107% | 8h | 188.07 | +0.011% | $1.1M | $475K | 20x | as long as short |
| Nado SKHY-PERP | −0.0107% | 1h | 188.18 | +0.068% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0078% | 1h | 187.99 | −0.032% | $158.8M | $78.1M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0040% | 1h | 187.65 | −0.213% | $110K | $768K | 10x | as long as short |
| QFEX SKHY-USD | −0.0013% | 1h | 188.05 | 0.000% | $1.2M | $4.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.18 | +0.070% | $264K | $913K | 50x | as long as short |
Deribit SKHY_USDC-PERPETUAL
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
KuCoin SKHYUSDTM
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Aster SKHYUSDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 188.03 | −0.012% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.08 | +0.016% | $198.5M | $473.0M | 50x | as long as short |
| Bybit SKHYUSDTlong | 0.0000% | 8h | 188.05 | long leg | $16.5M | $34.3M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.08 | +0.016% | $44.6M | $85.8M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.06 | +0.005% | $25.4M | $21.7M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.18 | +0.068% | $1.5M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.20 | +0.082% | $22K | $244K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.33 | +0.149% | $689 | $5.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.13 | +0.043% | $156K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.16 | +0.058% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 187.96 | −0.048% | $988K | $1.3M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 187.93 | −0.064% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.04 | −0.005% | $60K | $131K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.25 | +0.106% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.08 | +0.016% | $203K | $309K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.10 | +0.027% | $183K | $353K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.15 | +0.053% | $42K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.22 | +0.090% | $525K | $2.5M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.17 | +0.064% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.26 | +0.112% | $2.2M | $469K | 50x | as long as short |
| Phoenix SKHY | +0.0255% | 1h | 188.46 | +0.218% | $211K | $123K | 10x | as long as short |
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY