Funding you earn now, next payment 10:00 UTC−0.0724%/8h= −79.3% APRnext payment −$0.91 per $10,000 · paid last 24h −0.147%
Price spread now: Lighter RH against Kraken Futures−0.058%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.690%−$69 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Lighter RH is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SKHYUSD | 186.26 | 0.0756 | pay 0.0095% / 1h | 54m 15s | $48K | $20K | 20x |
| Short | Lighter RH SKHY | 186.15 | 0.0032 | get 0.0004% / 1h | 54m 15s | $1.1M | $1.5M | 10x |
Kraken Futures PF_SKHYUSD
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Kraken Futures. 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
- −$152.08
- Price spread: −0.058% → 0.000%
- −$5.75
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$167.83
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Lighter RH: live order book, 3 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 3 min ago | 1.61 bp | 2.4 bp −$2 | 13.1 bp −$131 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 SKHYUSDT | −0.0971% | 8h | 186.17 | −0.047% | $25.6M | $35.5M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0196% | 4h | 186.52 | +0.141% | $562K | $289K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0180% | 8h | 186.14 | −0.063% | $1.1M | $403K | 20x | as long as short |
| QFEX SKHY-USD | −0.0005% | 1h | 186.14 | −0.063% | $1.2M | $4.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.31 | +0.029% | $266K | $909K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.11 | −0.077% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.19 | −0.036% | $197.1M | $468.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.22 | −0.020% | $15.7M | $33.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.25 | −0.004% | $44.2M | $83.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.19 | −0.036% | $25.5M | $21.3M | 75x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
KuCoin SKHYUSDTM
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 186.51 | +0.135% | $1.5M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.66 | +0.216% | $22K | $249K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.45 | +0.104% | $682 | $5.7M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 186.14 | −0.063% | $47K | $355K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.09 | −0.090% | $154K | $377K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.19 | −0.036% | $1.5M | $1.1M | 10x | as long as short |
| Nado SKHY-PERP | +0.0009% | 1h | 186.33 | +0.037% | $32K | $28K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 186.21 | −0.025% | $991K | $1.3M | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 186.15 | −0.058% | $1.1M | $1.5M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 186.15 | −0.058% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.18 | −0.041% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.18 | −0.041% | $201K | $298K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 186.15 | −0.058% | $157.6M | $77.7M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 186.11 | −0.079% | $180K | $424K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.17 | −0.047% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 185.99 | −0.143% | $516K | $2.6M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0056% | 1h | 186.08 | −0.095% | $110K | $884K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.28 | +0.012% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.30 | +0.023% | $2.1M | $462K | 50x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 186.73 | +0.254% | $209K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSDlong | +0.0756% | 1h | 186.26 | long leg | $48K | $20K | 20x |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Nado SKHY-PERP
Lighter SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Coinbase International SKHY-PERP-INTX
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY