SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0639%/8h= +70.0% APRnext payment +$0.80 per $10,000 · paid last 24h +0.220%

Price spread now: Phoenix against Lighter+0.378%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Phoenix is 0.378% dearer against Lighter than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKR	0.02116	0.0096	pay 0.0012% / 1h	4m 26s	$8K	$30K	3x
Short	Phoenix SKR	0.02124	0.0735	get 0.0092% / 1h	4m 26s	$4K	$10K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Lighter. 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

Position, each leg$Hold fordaysFee LighterbpFee PhoenixbpOrdersPrice spread, now +0.378%Rate

Funding earned: $134.29
Price spread: +0.378% → 0.000%: $37.81
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $165.1
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Phoenix: no order-book sample. 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 Lighter no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Lighter and Phoenix: 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.

SKR on 15 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
BloFin SKR-USDT	−0.0183%	4h	0.02117	+0.047%	$251K	$165K	20x	as long as short
Backpack SKR_USDC_PERP	−0.0089%	1h	0.02115	−0.066%	$53K	$206K	5x	as long as short
Hyperliquid SKR	−0.0072%	1h	0.02143	+1.276%	$1.4M	$1.4M	3x	as long as short
Bybit SKRUSDT	+0.0073%	4h	0.02134	+0.855%	$4.8M	$10.0M	20x	as long as short
Lighter SKRlong	+0.0096%	1h	0.02116	long leg	$8K	$30K	3x
Aster SKRUSDT	+0.0100%	4h	0.02135	+0.920%	$25K	$117K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02135	+0.920%	$3.9M	$26.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02140	+1.115%	$1.0M	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02142	+1.238%	$5.1M	$820K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02144	+1.314%	$698K	$1.4M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02155	+1.824%	$1.6M	$3.4M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02132	+0.780%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02116	+0.028%	$1K	$3.1M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02134	+0.860%	$14K	$40K	20x	as long as short
Phoenix SKRshort	+0.0735%	1h	0.02124	+0.378%	$4K	$10K	3x