Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.011%
Price spread now: QFEX against Lighter RH−0.054%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 4 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now −0.054%, 7d avg +0.067%
=Together, before fees+0.136%+ Points / potential airdropLighter RH: Points live · farm board+$14 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 QFEX is 0.120% cheaper against Lighter RH than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 186.44 | 0.0032 | pay 0.0004% / 1h | 25m 53s | $1.0M | $1.6M | 10x |
| Short | QFEX SKHY-USD | 186.34 | −0.0014 | pay 0.0002% / 1h | 25m 53s | $1.2M | $4.1M | 10x |
Lighter RH SKHY
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$9.69
- Price spread: −0.054% → +0.067%
- −$12.04
- Slippage, 4 orders
- −$8.56
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40.29
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; QFEX: live order book, 13 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 | 1.88 bp | 3.1 bp −$3 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 13 min ago | 1.60 bp | 6.6 bp −$7 | 8.4 bp −$84 | 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 | −0.1060% | 8h | 186.80 | +0.193% | $24.8M | $30.6M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0305% | 4h | 186.80 | +0.191% | $563K | $289K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0179% | 1h | 186.53 | +0.048% | $48K | $335K | 10x | as long as short |
| Nado SKHY-PERP | −0.0108% | 1h | 186.52 | +0.044% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0083% | 1h | 186.54 | +0.054% | $157.7M | $73.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0064% | 1h | 186.36 | −0.043% | $180K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 186.71 | +0.145% | $47K | $875K | 10x | as long as short |
| QFEX SKHY-USDshort | −0.0014% | 1h | 186.34 | −0.054% | $1.2M | $4.1M | 10x | |
| Lighter SKHY | 0.0000% | 1h | 186.52 | +0.043% | $914K | $970K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.65 | +0.111% | $228K | $910K | 50x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
Lighter SKHY
Aster SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 186.52 | +0.042% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.65 | +0.113% | $198.8M | $426.7M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.55 | +0.059% | $15.7M | $29.9M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.50 | +0.032% | $44.2M | $75.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.46 | +0.011% | $25.2M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.47 | +0.018% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.54 | +0.054% | $22K | $220K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.85 | +0.220% | $684 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.38 | −0.032% | $155K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.55 | +0.059% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0025% | 1h | 186.07 | −0.198% | $514K | $2.6M | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 186.44 | long leg | $1.0M | $1.6M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 186.41 | −0.016% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.45 | +0.005% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.39 | −0.027% | $193K | $272K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.42 | −0.011% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.60 | +0.086% | $1.1M | $319K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.54 | +0.054% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.29 | −0.080% | $2.2M | $408K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 187.06 | +0.333% | $210K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0262% | 1h | 186.60 | +0.084% | $47K | $19K | 20x | as long as short |
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
Ondo Perps SKHY-USD.P
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD