Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Binance−0.047%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$150.145% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.074%−$7 · spread now −0.047%, 7d avg −0.103%

Together, before fees−0.051%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.056% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYUSDT	192.78	0	get 0.0000% / 8h	5h 24m	$206.3M	$390.0M	50x
Short	Lighter RH SKHY	192.69	0.0032	get 0.0004% / 1h	24m 08s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.047%Rate

Funding earned: $6.72
Price spread: −0.047% → −0.103%: $5.64
Slippage, 4 orders: −$4.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$2.18
Costs to cover: 0.145%
Break-even: 9.3 days

Slippage from Binance: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	0.26 bp	5.9 bp −$6	7.9 bp −$79	19.8 bp −$1,983	87.2 bp −$43.6K
Sell Lighter RH live order book, 4 min ago	1.04 bp	1.6 bp −$2	10.0 bp −$100	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	−0.0894%	4h	192.62	−0.084%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.062%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.72	−0.031%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.66	−0.062%	$56K	$7K	10x	as long as short
Binance SKHYUSDTlong	0.0000%	8h	192.78	long leg	$206.3M	$390.0M	50x
Bybit SKHYUSDT	0.0000%	8h	192.81	+0.015%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.80	+0.010%	$46.7M	$69.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.74	−0.021%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	−0.044%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	−0.052%	$23K	$195K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.07	+0.150%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.70	−0.042%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.75	−0.016%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.63	−0.078%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.68	−0.052%	$1.0M	$688K	10x	as long as short
Lighter RH SKHYshort	+0.0032%	1h	192.69	−0.047%	$1.1M	$1.5M	10x
Arcus SKHY-USD	+0.0040%	1h	192.67	−0.057%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.62	−0.083%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.73	−0.026%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.69	−0.047%	$161.2M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.58	−0.104%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.69	−0.047%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.59	−0.099%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.70	−0.042%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.70	−0.042%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.59	−0.099%	$2.2M	$445K	50x	as long as short
Bitget SKHYUSDT	+0.0133%	8h	192.79	+0.005%	$25.4M	$26.8M	20x	as long as short
Nado SKHY-PERP	+0.0168%	1h	192.57	−0.110%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0217%	1h	192.78	0.000%	$49K	$295K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.88	+0.052%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.82	+0.020%	$51K	$17K	20x	as long as short