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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%
Price spread now: Lighter against HTX+0.010%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Long on HTXShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.010%, 7d avg −0.017%
Together, before fees−0.042%+ Points / potential airdropLighter: Season 3 · farm board−$4 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 0.027% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SKHY-USDT193.240get 0.0000% / 8h7h 26m$160K$386K50x
ShortLighter SKHY193.260.0032get 0.0004% / 1h26m 12s$1.0M$666K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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

Funding earned
$6.72
Price spread: +0.010% → −0.017%
$2.74
Slippage, 4 orders
−$9.38
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$11.92
Costs to cover
0.214%
Break-even
19.4 days
Slippage from HTX: live order book, 47 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 47 min ago2.38 bp9.3 bp −$913.7 bp −$137doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago0.78 bp1.5 bp −$13.0 bp −$30236.7 bp −$23.7Kdoesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0308%4h192.73−0.262%$581K$289K10xas long as short
Nado SKHY-PERP−0.0007%1h193.18−0.030%$29K$2K10xas long as short
Aster SKHYUSDT0.0000%8h192.92−0.164%$248K$921K50xas long as short
Extended SKHY-USD0.0000%1h193.27+0.016%$56K$6K10xas long as short
Binance SKHYUSDT0.0000%8h193.35+0.059%$212.8M$382.5M50xas long as short
Bybit SKHYUSDT0.0000%8h193.39+0.078%$15.7M$27.1M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.41+0.088%$47.1M$67.6M50xas long as short
Gate SKHY_USDT0.0000%8h193.26+0.010%$25.9M$18.3M75xas long as short
Variational Omni SKHY0.0000%8h193.27+0.017%$1.6M$2.3M—as long as short
SunX SKHY-USDT0.0000%8h193.68+0.228%$709$6.8M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SKHY-USDTlong0.0000%8h193.24long leg$160K$386K50x
Phemex SKHYUSDT0.0000%8h193.33+0.047%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0005%1h193.240.000%$1.2M$5.0M10xas long as short
Lighter SKHYshort+0.0032%1h193.26+0.010%$1.0M$666K10x
Lighter RH SKHY+0.0032%1h193.23−0.005%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h192.95−0.150%$57K$153K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.22−0.010%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.28+0.021%$198K$256K20xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.15−0.047%$190K$454K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.26+0.010%$555K$1.7M10xas long as short
tradeXYZ xyz:SKHY+0.0083%1h193.16−0.041%$165.8M$64.4M10xas long as short
Coinbase International SKHY-PERP-INTX+0.0088%1h192.17−0.554%$117K$803K10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.15−0.047%$1.1M$276K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.22−0.010%$2K$4K10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0112%1h193.34+0.052%$47K$268K10xas long as short
SoDEX SKHY-USD+0.0118%1h193.23−0.005%$43K$13K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.43+0.098%$2.2M$428K50xas long as short
Bitget SKHYUSDT+0.0164%8h193.36+0.062%$25.7M$26.6M20xas long as short
Phoenix SKHY+0.0335%1h192.76−0.248%$217K$120K10xas long as short
GRVT SKHY_USDT_Perp+0.0378%8h192.50−0.385%$22K$197K10xas long as short
Kraken Futures PF_SKHYUSD+0.0707%1h193.47+0.118%$51K$22K20xas long as short