Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.003%
Price spread now: Popdex against Lighter+0.096%50s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.173% of the position
Funding, last 4 days (all we have)+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.096%, 7d avg +0.051%
=Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.045% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.051%. The two prices were read 50 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 | 187.70 | 0.0008 | pay 0.0001% / 1h | 3m 47s | $984K | $1.4M | 10x |
| Short | Popdex SKHYUSDT | 187.88 | 0.0048 | get 0.0006% / 1h | 3m 47s | $201K | $310K | 20x |
Lighter SKHY
Popdex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $8.4
- Price spread: +0.096% → +0.051%
- $4.54
- Slippage, 4 orders
- −$10.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$4.36
- Costs to cover
- 0.173%
- Break-even
- 10.6 days
Slippage from Lighter: live order book, 5 min ago; Popdex: live order book, 43 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, 5 min ago | 0.80 bp | 0.8 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 43 min ago | 3.19 bp | 7.9 bp −$8 | 9.8 bp −$98 | doesn't fit | doesn't fit |
SKHY on 31 exchanges
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 | −0.0786% | 4h | 187.91 | +0.110% | $566K | $286K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0322% | 8h | 187.85 | +0.080% | $26.1M | $36.6M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0267% | 1h | 187.53 | −0.090% | $51K | $36K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0229% | 1h | 187.80 | +0.053% | $50K | $490K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0186% | 8h | 187.79 | +0.048% | $1.1M | $507K | 20x | as long as short |
| Nado SKHY-PERP | −0.0091% | 1h | 187.86 | +0.086% | $32K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0042% | 1h | 187.71 | +0.005% | $158.5M | $77.4M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0040% | 1h | 187.65 | −0.027% | $110K | $739K | 10x | as long as short |
| QFEX SKHY-USD | −0.0013% | 1h | 187.80 | +0.053% | $1.2M | $4.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 187.81 | +0.059% | $260K | $916K | 50x | as long as short |
edgeX SKHYUSDC
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Aster SKHYUSDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 187.72 | +0.013% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.77 | +0.037% | $197.6M | $472.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.77 | +0.037% | $16.4M | $34.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.74 | +0.021% | $44.5M | $85.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.68 | −0.011% | $25.3M | $22.1M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.94 | +0.125% | $1.5M | $954K | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.01 | +0.167% | $22K | $254K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.13 | +0.229% | $689 | $5.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.87 | +0.091% | $154K | $383K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.85 | +0.080% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHYlong | +0.0008% | 1h | 187.70 | long leg | $984K | $1.4M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 187.63 | −0.037% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.84 | +0.075% | $60K | $131K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.87 | +0.091% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDTshort | +0.0048% | 1h | 187.88 | +0.096% | $201K | $310K | 20x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 187.80 | +0.053% | $182K | $352K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.84 | +0.075% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 187.84 | +0.075% | $524K | $2.5M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.94 | +0.128% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.83 | +0.069% | $2.2M | $488K | 50x | as long as short |
| Phoenix SKHY | +0.0255% | 1h | 188.12 | +0.224% | $211K | $123K | 10x | as long as short |
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
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY