Funding you earn now, next payment 00:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.049%
Price spread now: Lighter against Nado−0.156%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropNado: Active · Lighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Lighter is 0.156% cheaper against Nado than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 6.9 days of funding at the current rate (+$2 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SKHY-PERP | 189.63 | −0.0043 | get 0.0005% / 1h | 14m 42s | $28K | $2K | 10x |
| Short | Lighter SKHY | 189.33 | 0.0032 | get 0.0004% / 1h | 14m 42s | $1.0M | $691K | 10x |
Nado SKHY-PERP
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $15.68
- Price spread: −0.156% → 0.000%
- −$15.56
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.88
- Costs to cover
- 0.070%
- Break-even
- 10.1 days
Slippage unknown: Nado: no order-book sample; Lighter: live order book, 1 min ago. Net counts fees only.
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 Nado no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 1 min ago | 0.53 bp | 1.0 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0648% | 4h | 189.61 | −0.007% | $572K | $291K | 10x | as long as short |
| Nado SKHY-PERPlong | −0.0043% | 1h | 189.63 | long leg | $28K | $2K | 10x | |
| QFEX SKHY-USD | 0.0000% | 1h | 189.58 | −0.024% | $1.2M | $5.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.63 | +0.002% | $252K | $903K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.57 | −0.027% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.44 | −0.099% | $211.9M | $378.0M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.45 | −0.092% | $15.7M | $27.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.38 | −0.129% | $47.2M | $61.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.59 | −0.018% | $26.1M | $17.8M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.38 | −0.129% | $25.4M | $25.8M | 20x | as long as short |
edgeX SKHYUSDC
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 189.62 | −0.004% | $1.6M | $2.5M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.64 | +0.009% | $22K | $208K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.83 | +0.108% | $695 | $7.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.60 | −0.013% | $46K | $259K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.64 | +0.008% | $155K | $401K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.55 | −0.040% | $1.5M | $1.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0012% | 8h | 189.47 | −0.082% | $1.1M | $282K | 20x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 189.33 | −0.156% | $1.0M | $691K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 189.32 | −0.161% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.39 | −0.124% | $56K | $155K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.59 | −0.018% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.57 | −0.029% | $202K | $241K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 189.58 | −0.024% | $164.5M | $65.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.55 | −0.040% | $170K | $952K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.57 | −0.029% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.65 | +0.013% | $558K | $1.2M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.61 | −0.008% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.55 | −0.040% | $2.2M | $415K | 50x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0128% | 1h | 189.72 | +0.050% | $169K | $687K | 10x | as long as short |
| Phoenix SKHY | +0.0380% | 1h | 189.87 | +0.129% | $214K | $128K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0951% | 1h | 189.67 | +0.025% | $50K | $24K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
KuCoin SKHYUSDTM
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Coinbase International SKHY-PERP-INTX
Phoenix SKHY
Kraken Futures PF_SKHYUSD