Funding you earn now, next payment 07:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.004%
Price spread now: Popdex against Lighter RH+0.016%7-day average +0.082% · 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−$22as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 4 days (all we have)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.016%, 7d avg +0.082%
=Together, before fees+0.094%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Popdex is 0.066% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.017% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 186.57 | 0.0032 | pay 0.0004% / 1h | 25m 33s | $1.1M | $1.6M | 10x |
| Short | Popdex SKHYUSDT | 186.60 | −0.0176 | pay 0.0022% / 1h | 25m 33s | $197K | $275K | 20x |
Lighter RH SKHY
Popdex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$43.68
- Price spread: +0.016% → +0.082%
- −$6.6
- Slippage, 4 orders
- −$8.76
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$65.44
- Costs to cover
- 0.152%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Popdex: live order book, 18 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, 2 min ago | 1.34 bp | 1.8 bp −$2 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 18 min ago | 1.07 bp | 5.9 bp −$6 | 9.4 bp −$94 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1297% | 8h | 186.86 | +0.155% | $25.1M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0762% | 4h | 186.50 | −0.039% | $562K | $290K | 10x | as long as short |
| Nado SKHY-PERP | −0.0189% | 1h | 186.79 | +0.121% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0181% | 1h | 186.65 | +0.043% | $158.6M | $74.7M | 10x | as long as short |
| Popdex SKHYUSDTshort | −0.0176% | 1h | 186.60 | +0.016% | $197K | $275K | 20x | |
| Polymarket Perps SKHY-USD | −0.0169% | 1h | 186.60 | +0.016% | $180K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.64 | +0.036% | $47K | $19K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.632% | $63K | $902K | 10x | as long as short |
| Lighter SKHY | −0.0072% | 1h | 186.60 | +0.016% | $955K | $1.1M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0071% | 1h | 186.73 | +0.086% | $49K | $343K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTX
Lighter SKHY
Deribit SKHY_USDC-PERPETUALShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.60 | +0.016% | $1.2M | $4.2M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0040% | 1h | 186.39 | −0.096% | $515K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.71 | +0.074% | $226K | $919K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.60 | +0.017% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.64 | +0.036% | $199.1M | $439.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.73 | +0.086% | $15.9M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.61 | +0.021% | $44.6M | $77.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.64 | +0.038% | $25.6M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.64 | +0.039% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.51 | −0.032% | $22K | $230K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.94 | +0.198% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.57 | 0.000% | $155K | $366K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.67 | +0.054% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 186.57 | long leg | $1.1M | $1.6M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 186.51 | −0.032% | $59K | $166K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.67 | +0.054% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.62 | +0.027% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0083% | 8h | 186.58 | +0.005% | $1.1M | $327K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.64 | +0.038% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.54 | −0.016% | $2.2M | $421K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 186.53 | −0.021% | $209K | $115K | 10x | as long as short |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY