Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against SunX−0.197%7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1241.243% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.197%, 7d avg −0.214%
Together, before fees−0.021%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.214%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SKHY-USDT192.750get 0.0000% / 8h6h 18m$705$6.5M10x
ShortLighter RH SKHY192.370.0032get 0.0004% / 1h18m 23s$1.1M$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$6.72
Price spread: −0.197% → −0.214%
$1.7
Slippage, 4 orders
−$116.28
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$115.86
Costs to cover
1.243%
Break-even
127.7 days
Slippage from SunX: live order book, 11 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago29.51 bp47.9 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago1.56 bp1.9 bp −$29.7 bp −$97doesn't fitdoesn't fit

SKHY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0856%4h192.53−0.113%$580K$290K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0072%1h192.90+0.078%$45K$874K10xas long as short
Aster SKHYUSDT0.0000%8h192.43−0.167%$248K$890K50xas long as short
Extended SKHY-USD0.0000%1h192.42−0.173%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h192.52−0.122%$209.1M$386.2M50xas long as short
Bybit SKHYUSDT0.0000%8h192.53−0.114%$15.6M$27.3M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h192.60−0.078%$46.6M$69.1M50xas long as short
Gate SKHY_USDT0.0000%8h192.44−0.161%$25.8M$18.9M75xas long as short
Variational Omni SKHY0.0000%8h192.52−0.120%$1.6M$2.0Mas long as short
GRVT SKHY_USDT_Perp0.0000%8h192.90+0.080%$22K$193K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDTlong0.0000%8h192.75long leg$705$6.5M10x
HTX SKHY-USDT0.0000%8h192.34−0.213%$160K$376K50xas long as short
Phemex SKHYUSDT0.0000%8h192.47−0.145%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0002%1h192.43−0.166%$1.2M$4.4M10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0010%1h192.60−0.078%$48K$272K10xas long as short
Lighter SKHY+0.0032%1h192.29−0.239%$1.0M$687K10xas long as short
Lighter RH SKHYshort+0.0032%1h192.37−0.197%$1.1M$1.5M10x
Nado SKHY-PERP+0.0033%1h192.45−0.155%$38K$26K10xas long as short
Arcus SKHY-USD+0.0040%1h192.54−0.109%$57K$155K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h192.45−0.156%$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h192.47−0.145%$198K$256K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h192.43−0.166%$162.0M$66.3M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h192.40−0.182%$188K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h192.40−0.182%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h192.40−0.182%$532K$1.9M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h192.46−0.150%$1.1M$283K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h192.50−0.130%$2K$4K10xas long as short
Bitget SKHYUSDT+0.0271%8h192.58−0.088%$25.5M$26.4M20xas long as short
Phoenix SKHY+0.0331%1h192.70−0.026%$216K$123K10xas long as short
Kraken Futures PF_SKHYUSD+0.0708%1h192.49−0.135%$51K$17K20xas long as short