Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%
Price spread now: HTX against Lighter RH+0.010%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.010%, 7d avg +0.047%
=Together, before fees+0.031%+ Points / potential airdropLighter RH: Points live · farm board+$3 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 HTX is 0.037% 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 +0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 192.98 | 0.0032 | pay 0.0004% / 1h | 56m 39s | $1.1M | $1.5M | 10x |
| Short | HTX SKHY-USDT | 193.00 | 0 | get 0.0000% / 8h | 6h 56m | $160K | $376K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.72
- Price spread: +0.010% → +0.047%
- −$3.65
- Slippage, 4 orders
- −$9.22
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$31.59
- Costs to cover
- 0.212%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 1 min ago; HTX: live order book, 12 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, 1 min ago | 2.33 bp | 2.3 bp −$2 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell HTX live order book, 12 min ago | 2.07 bp | 8.1 bp −$8 | 10.6 bp −$106 | 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 | −0.0430% | 4h | 193.23 | +0.130% | $582K | $289K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 193.24 | +0.135% | $54K | $870K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.15 | +0.090% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.03 | +0.028% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.08 | +0.052% | $211.2M | $384.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.11 | +0.067% | $15.7M | $27.2M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.08 | +0.052% | $46.9M | $68.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.02 | +0.021% | $25.8M | $18.6M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.13 | +0.078% | $1.7M | $2.3M | — | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 193.43 | +0.233% | $708 | $6.7M | 10x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 193.01 | +0.016% | $48K | $270K | 10x | as long as short |
| HTX SKHY-USDTshort | 0.0000% | 8h | 193.00 | +0.010% | $160K | $376K | 50x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.05 | +0.036% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 193.01 | +0.016% | $1.2M | $4.9M | 10x | as long as short |
| Nado SKHY-PERP | +0.0016% | 1h | 193.14 | +0.081% | $44K | $20K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.00 | +0.010% | $1.0M | $654K | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 192.98 | long leg | $1.1M | $1.5M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 193.15 | +0.088% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.13 | +0.078% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.02 | +0.021% | $197K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.04 | +0.031% | $163.3M | $66.7M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.03 | +0.026% | $190K | $454K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.05 | +0.036% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.09 | +0.057% | $541K | $1.7M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.14 | +0.083% | $1.1M | $279K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.15 | +0.088% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.08 | +0.052% | $2.2M | $445K | 50x | as long as short |
| GRVT SKHY_USDT_Perp | +0.0296% | 8h | 193.22 | +0.124% | $23K | $191K | 10x | as long as short |
| Phoenix SKHY | +0.0335% | 1h | 193.48 | +0.259% | $217K | $123K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0425% | 8h | 193.10 | +0.062% | $25.6M | $26.5M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0706% | 1h | 193.11 | +0.066% | $51K | $17K | 20x | as long as short |
Lighter RH SKHY
HTX SKHY-USDT
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
Phemex SKHYUSDT
Lighter SKHY
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
BloFin SKHY-USDT
GRVT SKHY_USDT_Perp
Phoenix SKHY
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD