Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.009%
Price spread now: Lighter against OKX−0.021%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 7 days−0.072%−$7 · spread now −0.021%, 7d avg −0.078%
=Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.057% dearer against OKX than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.078%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SKHY-USDT-SWAP | 187.94 | 0 | get 0.0000% / 8h | 2h 03m | $44.8M | $77.6M | 50x |
| Short | Lighter SKHY | 187.90 | −0.0024 | pay 0.0003% / 1h | 3m 52s | $930K | $1.1M | 10x |
OKX SKHY-USDT-SWAP
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- −$5.04
- Price spread: −0.021% → −0.078%
- $5.68
- Slippage, 4 orders
- −$5.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.53
- Costs to cover
- 0.152%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 2 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 OKX live order book, 5 min ago | 0.27 bp | 6.6 bp −$7 | 9.2 bp −$92 | 32.5 bp −$3,249 | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.80 bp | 1.8 bp −$2 | 11.9 bp −$119 | 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 | −0.1135% | 8h | 188.12 | +0.096% | $25.2M | $31.4M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0302% | 4h | 188.00 | +0.032% | $567K | $291K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0228% | 1h | 188.00 | +0.032% | $48K | $336K | 10x | as long as short |
| Nado SKHY-PERP | −0.0151% | 1h | 188.06 | +0.066% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0125% | 1h | 187.98 | +0.021% | $159.5M | $74.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0100% | 1h | 187.94 | 0.000% | $182K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 187.32 | −0.330% | $61K | $897K | 10x | as long as short |
| Lighter SKHYshort | −0.0024% | 1h | 187.90 | −0.021% | $930K | $1.1M | 10x | |
| QFEX SKHY-USD | −0.0014% | 1h | 187.97 | +0.016% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0006% | 1h | 188.07 | +0.069% | $518K | $2.6M | 10x | 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
QFEX SKHY-USD
Ondo Perps SKHY-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 187.98 | +0.023% | $228K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.92 | −0.008% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.98 | +0.020% | $201.5M | $435.0M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.00 | +0.032% | $15.9M | $30.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAPlong | 0.0000% | 8h | 187.94 | long leg | $44.8M | $77.6M | 50x | |
| Gate SKHY_USDT | 0.0000% | 8h | 187.97 | +0.016% | $25.4M | $20.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.08 | +0.076% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.13 | +0.101% | $22K | $224K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.22 | +0.149% | $689 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.89 | −0.027% | $156K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.98 | +0.021% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 188.00 | +0.032% | $197K | $273K | 20x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.89 | −0.027% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.90 | −0.021% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.07 | +0.069% | — | $22K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.93 | −0.005% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.97 | +0.016% | $1.1M | $324K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.00 | +0.032% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.98 | +0.021% | $2.1M | $418K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 188.21 | +0.144% | $211K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0260% | 1h | 188.02 | +0.042% | $47K | $19K | 20x | as long as short |
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Popdex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD