Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.026%

Price spread now: BloFin against Lighter RH0.000%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now 0.000%, 7d avg +0.083%

Together, before fees+0.239%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.083% cheaper against Lighter RH than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.083%). If the spread goes back, that is −$8 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SKHY	193.17	0.0032	pay 0.0004% / 1h	2m 38s	$1.1M	$1.6M	10x
Short	BloFin SKHY-USDT	193.17	0.0120	get 0.0120% / 8h	5h 02m	$2.3M	$438K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $18.48
Price spread: 0.000% → +0.083%: −$8.28
Slippage, 4 orders: −$5.59
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.38
Costs to cover: 0.176%
Break-even: 9.8 days

Slippage from Lighter RH: live order book, 5 min ago; BloFin: 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 RH live order book, 5 min ago	1.81 bp	2.3 bp −$2	8.1 bp −$81	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.52 bp	6.5 bp −$7	7.4 bp −$74	14.2 bp −$1,416	40.8 bp −$20.4K

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	−0.0876%	4h	193.20	+0.016%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.140%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.25	+0.040%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.23	+0.032%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.27	+0.052%	$205.1M	$393.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.29	+0.062%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.26	+0.047%	$46.7M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.20	+0.016%	$25.8M	$19.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.16	−0.007%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.20	+0.017%	$23K	$199K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.47	+0.155%	$708	$6.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.05	−0.062%	$161K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.28	+0.057%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.20	+0.016%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.12	−0.026%	$1.0M	$696K	10x	as long as short
Lighter RH SKHYlong	+0.0032%	1h	193.17	long leg	$1.1M	$1.6M	10x
Arcus SKHY-USD	+0.0040%	1h	193.14	−0.016%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.21	+0.021%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.28	+0.057%	$201K	$257K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.18	+0.005%	$161.6M	$67.5M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.17	0.000%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.17	0.000%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.12	−0.026%	$567K	$2.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.22	+0.026%	$1.1M	$297K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.19	+0.010%	$2K	$4K	10x	as long as short
BloFin SKHY-USDTshort	+0.0120%	8h	193.17	0.000%	$2.3M	$438K	50x
Nado SKHY-PERP	+0.0170%	1h	193.22	+0.025%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0193%	8h	193.26	+0.047%	$25.4M	$26.9M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0216%	1h	193.18	+0.005%	$49K	$306K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	193.38	+0.109%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0545%	1h	193.29	+0.061%	$51K	$17K	20x	as long as short