Funding you earn now, next payment 06:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.173%
Price spread now: edgeX against Lighter+0.085%49s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.245% of the position
Funding, last 7 days+0.568%+$57 on $10k
+Price spread, last 4 days (all we have)+0.135%+$13 · spread now +0.085%, 7d avg +0.049%
=Together, before fees+0.702%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$70 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.035% dearer against Lighter than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.049%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.568%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 187.84 | −0.0024 | get 0.0003% / 1h | 4m 46s | $930K | $1.1M | 10x |
| Short | edgeX SKHYUSDC | 188.00 | −0.0302 | pay 0.0151% / 4h | 2h 04m | $567K | $291K | 10x |
Lighter SKHY
edgeX SKHYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$58.35
- Price spread: +0.085% → +0.049%
- $3.55
- Slippage, 4 orders
- −$15.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$79.3
- Costs to cover
- 0.245%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; edgeX: live order book, 44 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, 1 min ago | 0.80 bp | 1.2 bp −$1 | 7.2 bp −$72 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 44 min ago | 5.56 bp | 10.6 bp −$11 | 16.1 bp −$161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1147% | 8h | 188.05 | +0.112% | $25.2M | $31.4M | 20x | as long as short |
| edgeX SKHYUSDCshort | −0.0302% | 4h | 188.00 | +0.085% | $567K | $291K | 10x | |
| Nado SKHY-PERP | −0.0150% | 1h | 188.13 | +0.154% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0126% | 1h | 187.87 | +0.016% | $159.4M | $74.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0122% | 1h | 188.06 | +0.117% | $48K | $336K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0099% | 1h | 187.96 | +0.064% | $182K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 187.32 | −0.277% | $61K | $897K | 10x | as long as short |
| Lighter SKHYlong | −0.0024% | 1h | 187.84 | long leg | $930K | $1.1M | 10x | |
| QFEX SKHY-USD | −0.0014% | 1h | 188.03 | +0.101% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0008% | 1h | 188.07 | +0.122% | $518K | $2.6M | 10x | as long as short |
Bitget SKHYUSDT
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Deribit SKHY_USDC-PERPETUAL
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Ondo Perps SKHY-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 187.92 | +0.043% | $228K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.92 | +0.043% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.90 | +0.031% | $201.4M | $434.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.94 | +0.053% | $15.9M | $30.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.96 | +0.064% | $44.8M | $77.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.94 | +0.053% | $25.3M | $20.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.08 | +0.129% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.13 | +0.154% | $22K | $224K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.33 | +0.261% | $689 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.89 | +0.027% | $156K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.95 | +0.059% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0016% | 1h | 188.05 | +0.112% | $197K | $273K | 20x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.83 | −0.005% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.87 | +0.016% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.18 | +0.181% | — | $22K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.96 | +0.064% | $42K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.96 | +0.064% | $1.1M | $324K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.06 | +0.117% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.98 | +0.075% | $2.1M | $418K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 188.21 | +0.197% | $211K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0260% | 1h | 188.07 | +0.121% | $47K | $19K | 20x | as long as short |
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Popdex 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
Kraken Futures PF_SKHYUSD