Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.010%
Price spread now: OKX against Lighter+0.069%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now +0.069%, 7d avg +0.078%
=Together, before fees+0.064%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 189.21 | 0.0024 | pay 0.0003% / 1h | 17m 38s | $997K | $730K | 10x |
| Short | OKX SKHY-USDT-SWAP | 189.34 | 0 | get 0.0000% / 8h | 3h 17m | $44.9M | $73.4M | 50x |
Lighter SKHY
OKX SKHY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$5.04
- Price spread: +0.069% → +0.078%
- −$0.91
- Slippage, 4 orders
- −$4.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$20.89
- Costs to cover
- 0.149%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; OKX: 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 | 1.06 bp | 1.1 bp −$1 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.26 bp | 6.0 bp −$6 | 8.3 bp −$83 | 24.7 bp −$2,475 | 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 | −0.0627% | 4h | 189.69 | +0.255% | $572K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.344% | $36K | $876K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0067% | 1h | 189.19 | −0.011% | $48K | $328K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0044% | 8h | 189.35 | +0.074% | $24.2M | $29.1M | 20x | as long as short |
| tradeXYZ xyz:SKHY | −0.0020% | 1h | 189.29 | +0.042% | $158.6M | $69.7M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.38 | +0.092% | $245K | $894K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.24 | +0.018% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.33 | +0.063% | $199.7M | $409.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.32 | +0.058% | $15.4M | $28.8M | 100x | as long as short |
| OKX SKHY-USDT-SWAPshort | 0.0000% | 8h | 189.34 | +0.069% | $44.9M | $73.4M | 50x |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Deribit SKHY_USDC-PERPETUAL
Bitget SKHYUSDT
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKHY_USDT | 0.0000% | 8h | 189.27 | +0.032% | $25.3M | $19.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 189.71 | +0.265% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.69 | +0.252% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.48 | +0.143% | $694 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.20 | −0.005% | $158K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.23 | +0.011% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.32 | +0.058% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHYlong | +0.0024% | 1h | 189.21 | long leg | $997K | $730K | 10x | |
| Nado SKHY-PERP | +0.0032% | 1h | 189.28 | +0.038% | $33K | $28K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.25 | +0.021% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.39 | +0.095% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.30 | +0.048% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.35 | +0.074% | $200K | $258K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.12 | −0.048% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.19 | −0.011% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.47 | +0.137% | $528K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 189.38 | +0.090% | $1.1M | $315K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.17 | −0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.45 | +0.127% | $2.2M | $436K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 189.58 | +0.196% | $212K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0692% | 1h | 189.22 | +0.006% | $48K | $19K | 20x | as long as short |
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Nado SKHY-PERP
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
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD