Funding you earn now, next payment 07:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h −0.010%
Price spread now: QFEX against Lighter+0.027%7-day average +0.045% · 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−$16as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 4 days (all we have)−0.034%−$3 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now +0.027%, 7d avg +0.045%
=Together, before fees+0.006%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$2 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 | 186.48 | −0.0104 | get 0.0013% / 1h | 18m 30s | $955K | $1.2M | 10x |
| Short | QFEX SKHY-USD | 186.53 | −0.0049 | pay 0.0006% / 1h | 18m 30s | $1.2M | $4.2M | 10x |
Lighter SKHY
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $11.58
- Price spread: +0.027% → +0.045%
- −$1.82
- Slippage, 4 orders
- −$4.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$4.32
- Costs to cover
- 0.141%
- Break-even
- 9.6 days
Slippage from Lighter: live order book, 7 min ago; QFEX: 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, 7 min ago | 0.54 bp | 1.4 bp −$1 | 2.9 bp −$29 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.07 bp | 6.1 bp −$6 | 7.6 bp −$76 | 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 | −0.1301% | 8h | 186.71 | +0.123% | $25.1M | $31.8M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0286% | 1h | 186.52 | +0.021% | $49K | $343K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0200% | 1h | 186.55 | +0.038% | $197K | $275K | 20x | as long as short |
| Nado SKHY-PERP | −0.0195% | 1h | 186.66 | +0.094% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0190% | 1h | 186.50 | +0.011% | $158.5M | $74.8M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0174% | 1h | 186.42 | −0.032% | $180K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.59 | +0.060% | $49K | $20K | 20x | as long as short |
| Lighter SKHYlong | −0.0104% | 1h | 186.48 | long leg | $955K | $1.2M | 10x | |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.681% | $63K | $901K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0076% | 4h | 186.72 | +0.129% | $563K | $290K | 10x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
Popdex SKHYUSDT
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTX
edgeX SKHYUSDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USDshort | −0.0049% | 1h | 186.53 | +0.027% | $1.2M | $4.2M | 10x | |
| Ondo Perps SKHY-USD.P | −0.0047% | 1h | 186.72 | +0.129% | $515K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.68 | +0.106% | $226K | $919K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.49 | +0.007% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.53 | +0.027% | $199.0M | $440.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.58 | +0.054% | $15.9M | $28.9M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.55 | +0.038% | $44.5M | $77.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.54 | +0.032% | $25.6M | $20.6M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.64 | +0.087% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.77 | +0.155% | $22K | $230K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.76 | +0.150% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.45 | −0.016% | $155K | $366K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.47 | −0.005% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.47 | −0.005% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.56 | +0.043% | $60K | $168K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.62 | +0.075% | — | $25K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.48 | 0.000% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0068% | 8h | 186.57 | +0.048% | $1.1M | $326K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.52 | +0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.49 | +0.005% | $2.1M | $421K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 186.95 | +0.252% | $209K | $115K | 10x | as long as short |
Ondo Perps SKHY-USD.P
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
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