Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter against Popdex−0.016%7-day average −0.050% · 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−$7as in the Price arb table
costs, in and out, $10k−$100.100% of the position
Funding, last 3 days (all we have)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.016%, 7d avg −0.050%
=Together, before fees−0.100%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.035% dearer against Popdex than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.050%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex SKHYUSDT | 189.57 | 0.0048 | pay 0.0006% / 1h | 14m 59s | $202K | $241K | 20x |
| Short | Lighter SKHY | 189.54 | 0.0032 | get 0.0004% / 1h | 14m 59s | $1.0M | $691K | 10x |
Popdex SKHYUSDT
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Popdex. 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
- −$3.36
- Price spread: −0.016% → −0.050%
- $3.45
- Slippage, 4 orders
- −$3.56
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.86
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 64 min ago; Lighter: live order book, 1 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 Popdex live order book, 64 min ago | 0.53 bp | 3.9 bp −$4 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| 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 |
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 | +0.022% | $572K | $291K | 10x | as long as short |
| Nado SKHY-PERP | −0.0043% | 1h | 189.63 | +0.029% | $28K | $2K | 10x | as long as short |
| QFEX SKHY-USD | 0.0000% | 1h | 189.58 | +0.005% | $1.2M | $5.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.63 | +0.034% | $252K | $903K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.54 | −0.018% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.61 | +0.021% | $212.0M | $377.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.67 | +0.053% | $15.7M | $27.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.61 | +0.021% | $47.2M | $61.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.60 | +0.016% | $26.1M | $17.8M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.62 | +0.026% | $25.4M | $25.7M | 20x | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
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 | +0.025% | $1.6M | $2.5M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.64 | +0.038% | $22K | $208K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.83 | +0.137% | $695 | $7.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.60 | +0.016% | $46K | $259K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.64 | +0.037% | $155K | $401K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.55 | −0.011% | $1.5M | $1.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0012% | 8h | 189.50 | −0.037% | $1.1M | $282K | 20x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 189.54 | −0.016% | $1.0M | $691K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 189.53 | −0.021% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.61 | +0.021% | $56K | $155K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.59 | +0.011% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDTlong | +0.0048% | 1h | 189.57 | long leg | $202K | $241K | 20x | |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 189.53 | −0.021% | $164.5M | $65.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.55 | −0.011% | $170K | $952K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.57 | 0.000% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.65 | +0.042% | $558K | $1.2M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.61 | +0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.55 | −0.011% | $2.2M | $415K | 50x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0128% | 1h | 189.72 | +0.079% | $169K | $687K | 10x | as long as short |
| Phoenix SKHY | +0.0380% | 1h | 189.87 | +0.158% | $214K | $128K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0951% | 1h | 189.67 | +0.054% | $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
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