Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h −0.022%

Price spread now: Lighter RH against edgeX−0.021%80s7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.155% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.718%−$72 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now −0.021%, 7d avg −0.073%

Together, before fees−0.938%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$94 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter RH is 0.052% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.718%, so the current rate has only just turned in your favour. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	189.60	−0.0351	get 0.0176% / 4h	38m 11s	$572K	$289K	10x
Short	Lighter RH SKHY	189.56	0.0032	get 0.0004% / 1h	38m 11s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now −0.021%Rate

Funding earned: $80.48
Price spread: −0.021% → −0.073%: $5.24
Slippage, 4 orders: −$6.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $70.27
Costs to cover: 0.155%
Break-even: 0.9 days

Slippage from edgeX: live order book, 41 min ago; Lighter RH: live order book, 4 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 edgeX live order book, 41 min ago	1.06 bp	5.9 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.32 bp	1.8 bp −$2	11.8 bp −$118	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 SKHYUSDClong	−0.0351%	4h	189.60	long leg	$572K	$289K	10x
Nado SKHY-PERP	−0.0060%	1h	189.65	+0.028%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0003%	8h	189.56	−0.021%	$1.1M	$288K	20x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.63	+0.016%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.49	−0.060%	$251K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.60	0.000%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.63	+0.017%	$212.4M	$378.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.72	+0.063%	$15.6M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.66	+0.032%	$47.3M	$61.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.63	+0.016%	$26.1M	$17.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDT	0.0000%	8h	189.68	+0.042%	$25.4M	$25.6M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	189.60	+0.001%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.68	+0.043%	$22K	$210K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.93	+0.174%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.63	+0.016%	$45K	$238K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.60	0.000%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.65	+0.027%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.60	0.000%	$1.0M	$688K	10x	as long as short
Lighter RH SKHYshort	+0.0032%	1h	189.56	−0.021%	$1.1M	$1.4M	10x
Arcus SKHY-USD	+0.0040%	1h	189.66	+0.032%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.63	+0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.65	+0.027%	$203K	$240K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.61	+0.005%	$165.0M	$65.0M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.59	−0.005%	$187K	$928K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.61	+0.005%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.53	−0.037%	$559K	$1.1M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.64	+0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.65	+0.027%	$2.3M	$395K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.84	+0.127%	$169K	$683K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.90	+0.158%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0950%	1h	189.77	+0.089%	$50K	$24K	20x	as long as short