SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0916%/8h= +100.3% APRnext payment +$1.14 per $10,000 · paid last 24h +0.005%

Price spread now: Polymarket Perps against Lighter+0.062%7-day average −0.009% · 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−$9as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.142%−$14 · spread now +0.062%, 7d avg −0.009%

Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Polymarket Perps is 0.071% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.009%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKHY	192.33	0.0032	pay 0.0004% / 1h	51m 52s	$1.0M	$614K	10x
Short	Polymarket Perps SKHY-USD	192.45	0.0948	get 0.0118% / 1h	51m 52s	$193K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.062%Rate

Funding earned: $192.33
Price spread: +0.062% → −0.009%: $7.11
Slippage, 4 orders: −$7.88
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $183.56
Costs to cover: 0.159%
Break-even: 0.3 days

Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 21 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	0.78 bp	1.0 bp −$1	18.8 bp −$188	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 21 min ago	2.64 bp	7.2 bp −$7	7.2 bp −$72	9.7 bp −$971	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	−0.0531%	4h	191.41	−0.476%	$577K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0115%	1h	192.49	+0.084%	$29K	$2K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0010%	1h	192.43	+0.052%	$46K	$259K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.24	−0.049%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.33	0.000%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.45	+0.063%	$213.3M	$383.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.49	+0.083%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.56	+0.120%	$47.6M	$63.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.40	+0.036%	$26.4M	$17.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.38	+0.026%	$25.5M	$26.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	191.76	−0.297%	$1.6M	$2.4M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	192.64	+0.161%	$705	$7.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.31	−0.010%	$158K	$393K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.38	+0.026%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.40	+0.036%	$1.2M	$5.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0030%	8h	192.27	−0.031%	$1.1M	$272K	20x	as long as short
Lighter SKHYlong	+0.0032%	1h	192.33	long leg	$1.0M	$614K	10x
Lighter RH SKHY	+0.0032%	1h	192.31	−0.010%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.09	−0.125%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.46	+0.068%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.45	+0.062%	$196K	$257K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.44	+0.057%	$577K	$1.4M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−0.946%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.41	+0.042%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.41	+0.042%	$2.2M	$428K	50x	as long as short
GRVT SKHY_USDT_Perp	+0.0176%	8h	191.64	−0.360%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	191.61	−0.374%	$216K	$120K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.47	+0.072%	$51K	$25K	20x	as long as short
Polymarket Perps SKHY-USDshort	+0.0948%	1h	192.45	+0.062%	$193K	$395K	10x
tradeXYZ xyz:SKHY	+0.1014%	1h	192.42	+0.047%	$166.5M	$64.2M	10x	as long as short
SoDEX SKHY-USD	+0.1335%	1h	192.33	0.000%	$43K	$13K	10x	as long as short