Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter against Ondo Perps+0.021%7-day average −0.048% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now +0.021%, 7d avg −0.048%
=Together, before fees−0.085%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.069% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.048%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.102% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SKHY-USD.P | 192.90 | 0.0050 | pay 0.0006% / 1h | 11m 59s | $582K | $2.4M | 10x |
| Short | Lighter SKHY | 192.94 | 0.0032 | get 0.0004% / 1h | 11m 59s | $1.0M | $698K | 10x |
Ondo Perps SKHY-USD.P
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- −$3.86
- Price spread: +0.021% → −0.048%
- $6.9
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1.97
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 4 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.52 bp | 1.3 bp −$1 | 2.4 bp −$24 | doesn't fit | doesn't fit |
Ondo Perps: 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 | −0.0839% | 4h | 192.88 | −0.009% | $581K | $292K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.031% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.05 | +0.077% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.97 | +0.034% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.03 | +0.067% | $203.8M | $394.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.04 | +0.073% | $15.7M | $27.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.01 | +0.057% | $46.8M | $70.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.98 | +0.041% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.91 | +0.006% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.92 | +0.010% | $23K | $205K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.31 | +0.213% | $708 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.99 | +0.047% | $161K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.03 | +0.067% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0015% | 1h | 193.03 | +0.067% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 192.94 | +0.021% | $1.0M | $698K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 192.92 | +0.010% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.03 | +0.067% | $60K | $161K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.02 | +0.062% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.07 | +0.088% | $202K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.95 | +0.026% | $161.3M | $67.9M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.95 | +0.026% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.97 | +0.036% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.Plong | +0.0050% | 1h | 192.90 | long leg | $582K | $2.4M | 10x | |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.02 | +0.062% | $1.1M | $316K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.05 | +0.078% | $2K | $4K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0113% | 1h | 193.07 | +0.088% | $49K | $322K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.09 | +0.098% | $2.3M | $438K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0141% | 8h | 193.10 | +0.104% | $25.2M | $26.9M | 20x | as long as short |
| Nado SKHY-PERP | +0.0151% | 1h | 193.03 | +0.069% | $38K | $26K | 10x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.37 | +0.244% | $217K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1058% | 1h | 193.08 | +0.093% | $49K | $19K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Deribit SKHY_USDC-PERPETUAL
BloFin SKHY-USDT
Bitget SKHYUSDT
Nado SKHY-PERP
Phoenix SKHY
Kraken Futures PF_SKHYUSD