Funding you earn now, next payment 07:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter RH against Lighter0.000%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$90.086% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now 0.000%, 7d avg −0.021%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.021% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 187.38 | −0.0096 | get 0.0012% / 1h | 52m 42s | $946K | $1.1M | 10x |
| Short | Lighter RH SKHY | 187.38 | 0.0032 | get 0.0004% / 1h | 52m 42s | $1.1M | $1.6M | 10x |
Lighter SKHY
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $26.88
- Price spread: 0.000% → −0.021%
- $2.14
- Slippage, 4 orders
- −$8.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $20.43
- Costs to cover
- 0.086%
- Break-even
- 1.7 days
Slippage from Lighter: live order book, 3 min ago; Lighter RH: live order book, 5 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 | 1.07 bp | 2.7 bp −$3 | 15.2 bp −$152 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.60 bp | 2.7 bp −$3 | 13.7 bp −$137 | 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 | −0.1068% | 8h | 187.62 | +0.128% | $25.1M | $31.6M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0283% | 1h | 187.51 | +0.069% | $48K | $337K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0201% | 1h | 187.47 | +0.048% | $159.1M | $74.1M | 10x | as long as short |
| Nado SKHY-PERP | −0.0186% | 1h | 187.70 | +0.172% | $33K | $28K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0185% | 1h | 187.44 | +0.032% | $181K | $487K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0152% | 1h | 187.42 | +0.021% | $197K | $274K | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0138% | 1h | 187.47 | +0.049% | $47K | $19K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.197% | $63K | $902K | 10x | as long as short |
| Lighter SKHYlong | −0.0096% | 1h | 187.38 | long leg | $946K | $1.1M | 10x | |
| Ondo Perps SKHY-USD.P | −0.0054% | 1h | 187.30 | −0.043% | $517K | $2.6M | 10x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Polymarket Perps SKHY-USD
Popdex SKHYUSDT
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTX
Ondo Perps SKHY-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 187.42 | +0.021% | $1.2M | $4.1M | 10x | as long as short |
| edgeX SKHYUSDC | −0.0044% | 4h | 187.50 | +0.064% | $565K | $290K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 187.52 | +0.075% | $227K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.39 | +0.005% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.50 | +0.064% | $200.9M | $435.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.50 | +0.064% | $15.9M | $30.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.41 | +0.016% | $44.7M | $77.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.41 | +0.016% | $25.3M | $20.1M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.55 | +0.092% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.52 | +0.075% | $22K | $226K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.76 | +0.203% | $687 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.39 | +0.005% | $155K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.44 | +0.032% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 187.38 | 0.000% | $1.1M | $1.6M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 187.52 | +0.075% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.54 | +0.085% | — | $23K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.45 | +0.037% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.62 | +0.128% | $1.1M | $326K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.47 | +0.048% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.41 | +0.016% | $2.2M | $419K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 188.26 | +0.470% | $211K | $115K | 10x | as long as short |
QFEX SKHY-USD
edgeX SKHYUSDC
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
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY