Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SKHY192.980.0032pay 0.0004% / 1h56m 39s$1.1M$1.5M10x
ShortHTX SKHY-USDT193.000get 0.0000% / 8h6h 56m$160K$376K50x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 1 min ago2.33 bp2.3 bp −$29.8 bp −$98doesn't fitdoesn't fit
Sell HTX live order book, 12 min ago2.07 bp8.1 bp −$810.6 bp −$106doesn't fitdoesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0430%4h193.23+0.130%$582K$289K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0072%1h193.24+0.135%$54K$870K10xas long as short
Aster SKHYUSDT0.0000%8h193.15+0.090%$248K$890K50xas long as short
Extended SKHY-USD0.0000%1h193.03+0.028%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.08+0.052%$211.2M$384.9M50xas long as short
Bybit SKHYUSDT0.0000%8h193.11+0.067%$15.7M$27.2M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.08+0.052%$46.9M$68.6M50xas long as short
Gate SKHY_USDT0.0000%8h193.02+0.021%$25.8M$18.6M75xas long as short
Variational Omni SKHY0.0000%8h193.13+0.078%$1.7M$2.3Mas long as short
SunX SKHY-USDT0.0000%8h193.43+0.233%$708$6.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SKHY_USDC-PERPETUAL0.0000%1h193.01+0.016%$48K$270K10xas long as short
HTX SKHY-USDTshort0.0000%8h193.00+0.010%$160K$376K50x
Phemex SKHYUSDT0.0000%8h193.05+0.036%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0002%1h193.01+0.016%$1.2M$4.9M10xas long as short
Nado SKHY-PERP+0.0016%1h193.14+0.081%$44K$20K10xas long as short
Lighter SKHY+0.0032%1h193.00+0.010%$1.0M$654K10xas long as short
Lighter RH SKHYlong+0.0032%1h192.98long leg$1.1M$1.5M10x
Arcus SKHY-USD+0.0040%1h193.15+0.088%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.13+0.078%$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.02+0.021%$197K$256K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.04+0.031%$163.3M$66.7M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.03+0.026%$190K$454K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.05+0.036%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.09+0.057%$541K$1.7M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.14+0.083%$1.1M$279K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.15+0.088%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.08+0.052%$2.2M$445K50xas long as short
GRVT SKHY_USDT_Perp+0.0296%8h193.22+0.124%$23K$191K10xas long as short
Phoenix SKHY+0.0335%1h193.48+0.259%$217K$123K10xas long as short
Bitget SKHYUSDT+0.0425%8h193.10+0.062%$25.6M$26.5M20xas long as short
Kraken Futures PF_SKHYUSD+0.0706%1h193.11+0.066%$51K$17K20xas long as short