Funding you earn now, next payment 08:00 UTC−0.0142%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.002%
Price spread now: tradeXYZ against Lighter+0.005%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.005%, 7d avg +0.035%
=Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and tradeXYZ is 0.030% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 186.11 | 0.0016 | pay 0.0002% / 1h | 3m 20s | $972K | $1.2M | 10x |
| Short | tradeXYZ xyz:SKHY | 186.12 | −0.0126 | pay 0.0016% / 1h | 3m 20s | $158.0M | $76.9M | 10x |
Lighter SKHY
tradeXYZ xyz:SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$29.82
- Price spread: +0.005% → +0.035%
- −$3.01
- Slippage, 4 orders
- −$2.73
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$53.56
- Costs to cover
- 0.207%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; tradeXYZ: live order book, 7 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 | 0.54 bp | 1.0 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.27 bp | 9.3 bp −$9 | 9.9 bp −$99 | 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 | −0.1248% | 8h | 186.35 | +0.129% | $25.5M | $33.5M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0562% | 4h | 186.21 | +0.053% | $561K | $290K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.40 | +0.155% | $48K | $21K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0180% | 1h | 186.15 | +0.021% | $49K | $349K | 10x | as long as short |
| tradeXYZ xyz:SKHYshort | −0.0126% | 1h | 186.12 | +0.005% | $158.0M | $76.9M | 10x | |
| Nado SKHY-PERP | −0.0114% | 1h | 186.24 | +0.067% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.790% | $68K | $788K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0066% | 8h | 186.14 | +0.016% | $1.1M | $352K | 20x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.15 | +0.021% | $1.2M | $4.3M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0038% | 1h | 186.08 | −0.016% | $180K | $486K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
QFEX SKHY-USD
Polymarket Perps SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 186.26 | +0.078% | $225K | $899K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.08 | −0.014% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.14 | +0.016% | $199.7M | $453.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.09 | −0.011% | $16.0M | $30.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.09 | −0.011% | $44.4M | $80.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.11 | 0.000% | $25.5M | $21.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.18 | +0.038% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.23 | +0.063% | $22K | $239K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.40 | +0.156% | $682 | $6.0M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.05 | −0.032% | $154K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.17 | +0.032% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 186.17 | +0.032% | $204K | $287K | 20x | as long as short |
| Lighter SKHYlong | +0.0016% | 1h | 186.11 | long leg | $972K | $1.2M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 186.09 | −0.011% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.14 | +0.016% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.16 | +0.027% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.13 | +0.011% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 186.21 | +0.054% | $520K | $2.6M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.15 | +0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.14 | +0.016% | $2.2M | $427K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.38 | +0.145% | $209K | $123K | 10x | as long as short |
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
Popdex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY