Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bybit against Lighter+0.052%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Funding, last 7 days+0.035%+$3 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now +0.052%, 7d avg +0.080%
=Together, before fees+0.076%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 190.80 | 0.0032 | pay 0.0004% / 1h | 47m 38s | $1.0M | $691K | 10x |
| Short | Bybit SKHYUSDT | 190.90 | 0 | get 0.0000% / 8h | 3h 47m | $15.5M | $28.4M | 100x |
Lighter SKHY
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.72
- Price spread: +0.052% → +0.080%
- −$2.75
- Slippage, 4 orders
- −$6.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.15
- Costs to cover
- 0.177%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Bybit: live order book, 1 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, 3 min ago | 0.52 bp | 1.0 bp −$1 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.26 bp | 7.8 bp −$8 | 11.4 bp −$114 | 71.0 bp −$7,104 | 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 | −0.0312% | 4h | 191.61 | +0.426% | $578K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.069% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0006% | 1h | 190.84 | +0.021% | $159.6M | $68.9M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.91 | +0.060% | $248K | $891K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.84 | +0.022% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.89 | +0.049% | $200.7M | $401.2M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 190.90 | +0.052% | $15.5M | $28.4M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.82 | +0.010% | $45.9M | $72.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 190.79 | −0.005% | $25.7M | $19.3M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.86 | +0.031% | $24.4M | $28.1M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 191.43 | +0.331% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 191.64 | +0.440% | $22K | $209K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 191.13 | +0.173% | $700 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.68 | −0.063% | $159K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 191.00 | +0.105% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 190.83 | +0.016% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHYlong | +0.0032% | 1h | 190.80 | long leg | $1.0M | $691K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 190.80 | 0.000% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.99 | +0.100% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.67 | −0.068% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.86 | +0.031% | $201K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.76 | −0.021% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.72 | −0.042% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.77 | −0.016% | $549K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.92 | +0.063% | $1.1M | $321K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.68 | −0.063% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0119% | 1h | 190.71 | −0.046% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.70 | −0.052% | $2.2M | $435K | 50x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0222% | 1h | 190.92 | +0.063% | $48K | $325K | 10x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 191.05 | +0.131% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0686% | 1h | 190.85 | +0.024% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY
Kraken Futures PF_SKHYUSD