Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.009%

Price spread now: Lighter RH against HTX+0.228%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.273%−$27 · spread now +0.228%, 7d avg −0.047%

Together, before fees−0.270%+ Points / potential airdropLighter RH: Points live · farm board−$27 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 RH is 0.275% dearer against HTX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKHY-USDT	192.74	0	get 0.0000% / 8h	7h 48m	$159K	$393K	50x
Short	Lighter RH SKHY	193.18	0.0032	get 0.0004% / 1h	48m 43s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Position, each leg$Hold fordaysFee HTXbpFee Lighter RHbpOrdersPrice spread, now +0.228%Rate

Funding earned: $6.72
Price spread: +0.228% → −0.047%: $27.52
Slippage, 4 orders: −$9.28
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $12.96
Costs to cover: 0.213%
Break-even: from the start

Slippage from HTX: live order book, 25 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 HTX live order book, 25 min ago	2.38 bp	9.3 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.30 bp	1.8 bp −$2	15.8 bp −$158	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	−0.0915%	4h	192.39	−0.180%	$580K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0090%	1h	192.84	+0.050%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.70	−0.022%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.14	+0.209%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.12	+0.199%	$214.0M	$384.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.35	+0.316%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.42	+0.353%	$47.8M	$66.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.78	+0.021%	$26.4M	$17.4M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.81	+0.036%	$25.5M	$26.5M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	192.48	−0.137%	$1.6M	$2.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.12	+0.197%	$707	$7.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.83	+0.047%	$46K	$259K	10x	as long as short
HTX SKHY-USDTlong	0.0000%	8h	192.74	long leg	$159K	$393K	50x
Phemex SKHYUSDT	0.0000%	8h	192.85	+0.057%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.71	−0.016%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.18	+0.228%	$1.0M	$620K	10x	as long as short
Lighter RH SKHYshort	+0.0032%	1h	193.18	+0.228%	$1.1M	$1.5M	10x
KuCoin SKHYUSDTM	+0.0039%	8h	192.78	+0.021%	$1.1M	$272K	20x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.51	−0.119%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.70	−0.021%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.71	−0.016%	$197K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.11	+0.192%	$536K	$1.5M	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0053%	8h	192.35	−0.202%	$22K	$202K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.157%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.75	+0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.83	+0.047%	$2.2M	$428K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	192.35	−0.202%	$217K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0586%	1h	192.77	+0.016%	$193K	$389K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0668%	1h	193.21	+0.244%	$167.0M	$64.8M	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0710%	1h	192.85	+0.055%	$51K	$25K	20x	as long as short
SoDEX SKHY-USD	+0.0953%	1h	192.72	−0.010%	$43K	$13K	10x	as long as short