Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%

Price spread now: Binance against Lighter RH+0.016%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 2 days (all we have)+0.045%+$4 · spread now +0.016%, 7d avg +0.055%

Together, before fees+0.022%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.040% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SKHY	192.32	0.0032	pay 0.0004% / 1h	52m 39s	$1.1M	$1.4M	10x
Short	Binance SKHYUSDT	192.35	0	get 0.0000% / 8h	7h 52m	$213.2M	$383.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$6.72
Price spread: +0.016% → +0.055%: −$3.98
Slippage, 4 orders: −$5.67
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.37
Costs to cover: 0.157%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 6 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 RH live order book, 5 min ago	2.09 bp	2.6 bp −$3	9.7 bp −$97	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.26 bp	5.3 bp −$5	7.3 bp −$73	26.3 bp −$2,627	98.0 bp −$49.0K

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	−0.471%	$577K	$289K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0114%	1h	192.39	+0.036%	$46K	$259K	10x	as long as short
Nado SKHY-PERP	−0.0103%	1h	192.47	+0.078%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.28	−0.022%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.33	+0.004%	$56K	$6K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	192.35	+0.016%	$213.2M	$383.0M	50x
Bybit SKHYUSDT	0.0000%	8h	192.42	+0.052%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.40	+0.042%	$47.6M	$63.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.38	+0.031%	$26.4M	$17.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.42	+0.052%	$25.5M	$26.2M	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	−0.292%	$1.6M	$2.4M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	192.69	+0.192%	$705	$7.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.39	+0.036%	$159K	$393K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.34	+0.010%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.40	+0.042%	$1.2M	$5.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0030%	8h	192.29	−0.016%	$1.1M	$272K	20x	as long as short
Lighter SKHY	+0.0032%	1h	192.33	+0.005%	$1.0M	$613K	10x	as long as short
Lighter RH SKHYlong	+0.0032%	1h	192.32	long leg	$1.1M	$1.4M	10x
Arcus SKHY-USD	+0.0040%	1h	192.09	−0.120%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.47	+0.078%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.45	+0.068%	$196K	$257K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.44	+0.062%	$577K	$1.4M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−0.941%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.40	+0.042%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.41	+0.047%	$2.2M	$428K	50x	as long as short
GRVT SKHY_USDT_Perp	+0.0176%	8h	191.64	−0.355%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	191.61	−0.369%	$216K	$120K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.52	+0.103%	$51K	$25K	20x	as long as short
tradeXYZ xyz:SKHY	+0.1146%	1h	192.41	+0.047%	$166.4M	$64.1M	10x	as long as short
Polymarket Perps SKHY-USD	+0.1167%	1h	192.43	+0.057%	$193K	$395K	10x	as long as short
SoDEX SKHY-USD	+0.1485%	1h	192.39	+0.036%	$43K	$13K	10x	as long as short