Funding you earn now, next payment 07:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h −0.009%
Price spread now: Binance against Lighter+0.012%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$120.121% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now +0.012%, 7d avg +0.081%
=Together, before fees+0.056%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.070% cheaper against Lighter than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.081%). If the spread goes back, that is −$7 on $10k: about 41 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 187.08 | −0.0136 | get 0.0017% / 1h | 47m 06s | $944K | $1.1M | 10x |
| Short | Binance SKHYUSDT | 187.10 | 0 | get 0.0000% / 8h | 1h 47m | $200.2M | $435.9M | 50x |
Lighter SKHY
Binance SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $28.56
- Price spread: +0.012% → +0.081%
- −$6.95
- Slippage, 4 orders
- −$2.13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $9.47
- Costs to cover
- 0.121%
- Break-even
- 4.7 days
Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 12 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 Lighter live order book, 4 min ago | 0.53 bp | 0.6 bp −$1 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.27 bp | 5.6 bp −$6 | 6.9 bp −$69 | 23.8 bp −$2,379 | 98.4 bp −$49.2K |
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 | −0.1069% | 8h | 187.34 | +0.139% | $25.1M | $31.6M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0295% | 4h | 187.55 | +0.253% | $565K | $291K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0231% | 1h | 187.19 | +0.059% | $48K | $338K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0168% | 1h | 187.12 | +0.021% | $158.8M | $74.2M | 10x | as long as short |
| Nado SKHY-PERP | −0.0164% | 1h | 187.41 | +0.175% | $33K | $28K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0148% | 1h | 187.06 | −0.011% | $181K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 187.26 | +0.094% | $47K | $19K | 20x | as long as short |
| Lighter SKHYlong | −0.0136% | 1h | 187.08 | long leg | $944K | $1.1M | 10x | |
| Popdex SKHYUSDT | −0.0104% | 1h | 187.13 | +0.027% | $197K | $274K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.358% | $63K | $902K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
Popdex SKHYUSDT
Coinbase International SKHY-PERP-INTXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 187.13 | +0.027% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0010% | 1h | 187.61 | +0.283% | $516K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 187.27 | +0.101% | $227K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.13 | +0.026% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDTshort | 0.0000% | 8h | 187.10 | +0.012% | $200.2M | $435.9M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.08 | 0.000% | $15.9M | $30.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.07 | −0.005% | $44.7M | $77.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.12 | +0.021% | $25.3M | $20.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.49 | +0.221% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.56 | +0.257% | $22K | $227K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.48 | +0.214% | $686 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.12 | +0.021% | $155K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.19 | +0.059% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.10 | +0.011% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.39 | +0.166% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.29 | +0.112% | — | $23K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.17 | +0.048% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.29 | +0.112% | $1.1M | $326K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.18 | +0.053% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.14 | +0.032% | $2.2M | $419K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 187.81 | +0.390% | $210K | $115K | 10x | as long as short |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
Bybit 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
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY