SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: Coinbase International against Lighter RH−0.052%7-day average +0.182% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.052%, 7d avg +0.182%

Together, before fees+0.135%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.234% cheaper against Lighter RH than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.182%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SKHY	192.94	0.0032	pay 0.0004% / 1h	12m 56s	$1.1M	$1.6M	10x
Short	Coinbase International SKHY-PERP-INTX	192.84	−0.0048	pay 0.0006% / 1h	12m 56s	$45K	$861K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$16.8
Price spread: −0.052% → +0.182%: −$23.36
Slippage, 4 orders: −$17.15
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.31
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Coinbase International: live order book, 45 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	1.55 bp	2.1 bp −$2	9.3 bp −$93	doesn't fit	doesn't fit
Sell Coinbase International live order book, 45 min ago	5.95 bp	11.9 bp −$12	15.2 bp −$152	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
edgeX SKHYUSDC	−0.0839%	4h	192.88	−0.030%	$581K	$292K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0048%	1h	192.84	−0.052%	$45K	$861K	10x
Aster SKHYUSDT	0.0000%	8h	193.04	+0.053%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.99	+0.028%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.05	+0.057%	$203.9M	$394.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.05	+0.057%	$15.7M	$27.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.07	+0.067%	$46.8M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.01	+0.036%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.91	−0.015%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.92	−0.010%	$23K	$205K	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	193.39	+0.233%	$708	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.07	+0.067%	$161K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.10	+0.083%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	193.03	+0.047%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.95	+0.005%	$1.0M	$688K	10x	as long as short
Lighter RH SKHYlong	+0.0032%	1h	192.94	long leg	$1.1M	$1.6M	10x
Arcus SKHY-USD	+0.0040%	1h	193.02	+0.041%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.00	+0.031%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.03	+0.047%	$202K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.98	+0.021%	$161.4M	$67.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.96	+0.010%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.01	+0.036%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.90	−0.021%	$582K	$2.4M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.03	+0.047%	$1.1M	$316K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.07	+0.067%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.09	+0.078%	$2.3M	$438K	50x	as long as short
Bitget SKHYUSDT	+0.0143%	8h	193.10	+0.083%	$25.2M	$26.9M	20x	as long as short
Nado SKHY-PERP	+0.0151%	1h	192.95	+0.007%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0216%	1h	193.09	+0.078%	$49K	$322K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.37	+0.223%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1058%	1h	193.17	+0.118%	$49K	$19K	20x	as long as short