SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.018%

Price spread now: Deribit against Lighter RH+0.140%7-day average +0.093% · 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−$27as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.140%, 7d avg +0.093%

Together, before fees−0.200%+ Points / potential airdropLighter RH: Points live · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.047% dearer against Lighter RH than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.093%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SKHY	192.48	0.0032	pay 0.0004% / 1h	27m 43s	$1.1M	$1.5M	10x
Short	Deribit SKHY_USDC-PERPETUAL	192.75	0	get 0.0000% / 1h	27m 43s	$49K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$6.72
Price spread: +0.140% → +0.093%: $4.71
Slippage, 4 orders: −$25.19
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.2
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Deribit: live order book, 36 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	1.30 bp	1.9 bp −$2	8.0 bp −$80	doesn't fit	doesn't fit
Sell Deribit live order book, 36 min ago	5.96 bp	17.1 bp −$17	20.2 bp −$202	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	−0.0262%	4h	192.97	+0.257%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.218%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.72	+0.123%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.59	+0.059%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.65	+0.090%	$206.4M	$389.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.61	+0.068%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.62	+0.073%	$46.7M	$69.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.57	+0.047%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	+0.237%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.95	+0.244%	$23K	$194K	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	193.04	+0.291%	$707	$6.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	0.0000%	1h	192.75	+0.140%	$49K	$295K	10x
HTX SKHY-USDT	0.0000%	8h	192.70	+0.114%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.74	+0.135%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.56	+0.042%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.51	+0.016%	$1.0M	$688K	10x	as long as short
Lighter RH SKHYlong	+0.0032%	1h	192.48	long leg	$1.1M	$1.5M	10x
Arcus SKHY-USD	+0.0040%	1h	192.75	+0.140%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.71	+0.119%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.61	+0.068%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.56	+0.042%	$161.1M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.66	+0.094%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.72	+0.125%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.65	+0.088%	$585K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.67	+0.099%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.76	+0.145%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.84	+0.187%	$2.2M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0140%	8h	192.79	+0.161%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0170%	1h	192.77	+0.153%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	193.13	+0.338%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.84	+0.187%	$51K	$17K	20x	as long as short