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

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against HTX+0.011%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$220.217% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.011%, 7d avg −0.045%
Together, before fees−0.029%+ Points / potential airdropLighter RH: Points live · farm board−$3 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 HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SKHY-USDT186.070get 0.0000% / 8h3m 36s$154K$363K50x
ShortLighter RH SKHY186.090.0032get 0.0004% / 1h3m 36s$1.1M$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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: +0.011% → −0.045%
$5.59
Slippage, 4 orders
−$9.69
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$9.38
Costs to cover
0.217%
Break-even
16.8 days
Slippage from HTX: live order book, 34 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 HTX live order book, 34 min ago2.68 bp8.7 bp −$913.7 bp −$137doesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago1.61 bp2.2 bp −$211.4 bp −$114doesn't fitdoesn't fit

SKHY on 31 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
Bitget SKHYUSDT−0.1248%8h186.38+0.167%$25.5M$33.5M20xas long as short
edgeX SKHYUSDC−0.0562%4h186.21+0.075%$561K$290K10xas long as short
Kraken Futures PF_SKHYUSD−0.0266%1h186.55+0.257%$48K$21K20xas long as short
Deribit SKHY_USDC-PERPETUAL−0.0179%1h186.21+0.075%$49K$348K10xas long as short
tradeXYZ xyz:SKHY−0.0126%1h186.12+0.027%$158.0M$76.9M10xas long as short
Nado SKHY-PERP−0.0114%1h186.27+0.105%$33K$28K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0072%1h187.58+0.812%$68K$788K10xas long as short
KuCoin SKHYUSDTM−0.0063%8h186.15+0.043%$1.1M$351K20xas long as short
QFEX SKHY-USD−0.0061%1h186.15+0.043%$1.2M$4.3M10xas long as short
Polymarket Perps SKHY-USD−0.0037%1h186.11+0.021%$180K$486K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SKHYUSDT0.0000%8h186.26+0.103%$225K$899K50xas long as short
Extended SKHY-USD0.0000%1h186.07+0.003%$54K$7K10xas long as short
Binance SKHYUSDT0.0000%8h186.12+0.027%$199.6M$453.4M50xas long as short
Bybit SKHYUSDT0.0000%8h186.11+0.021%$15.9M$30.6M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h186.10+0.016%$44.4M$80.1M50xas long as short
Gate SKHY_USDT0.0000%8h186.09+0.011%$25.5M$21.2M75xas long as short
Variational Omni SKHY0.0000%8h186.18+0.059%$1.6M$1.1Mas long as short
GRVT SKHY_USDT_Perp0.0000%8h186.23+0.084%$22K$239K10xas long as short
SunX SKHY-USDT0.0000%8h186.45+0.204%$682$6.0M10xas long as short
HTX SKHY-USDTlong0.0000%8h186.07long leg$154K$363K50x
Phemex SKHYUSDT0.0000%8h186.16+0.048%$1.5M$1.1M10xas long as short
Popdex SKHYUSDT+0.0008%1h186.17+0.054%$204K$287K20xas long as short
Lighter SKHY+0.0016%1h186.12+0.027%$972K$1.2M10xas long as short
Lighter RH SKHYshort+0.0032%1h186.09+0.011%$1.1M$1.5M10x
Arcus SKHY-USD+0.0040%1h186.14+0.038%$60K$171K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h186.19+0.064%$32K10xas long as short
SoDEX SKHY-USD+0.0050%1h186.17+0.054%$41K$12K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h186.21+0.075%$520K$2.6M10xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h186.21+0.075%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h186.19+0.064%$2.2M$426K50xas long as short
Phoenix SKHY+0.0129%1h186.40+0.177%$209K$123K10xas long as short