Funding you earn now, next payment 02:00 UTC−0.0675%/8h= −73.9% APRnext payment −$0.84 per $10,000 · paid last 24h −0.140%
Price spread now: Lighter against Kraken Futures−0.151%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.715%−$71 on $10k
+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 against this trade now: funding costs −$20 a day on $10k at the current rate, and Lighter is 0.151% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SKHYUSD | 192.86 | 0.0707 | pay 0.0088% / 1h | 13m 38s | $51K | $17K | 20x |
| Short | Lighter SKHY | 192.57 | 0.0032 | get 0.0004% / 1h | 13m 38s | $1.0M | $689K | 10x |
Kraken Futures PF_SKHYUSD
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$141.68
- Price spread: −0.151% → 0.000%
- −$15.13
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$166.81
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 2 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 2 min ago | 0.78 bp | 0.8 bp −$1 | 2.4 bp −$24 | 250.0 bp −$25.0K | doesn't fit |
Kraken Futures: 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.
SKHY on 30 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 | −0.0263% | 4h | 192.66 | −0.106% | $581K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 192.90 | +0.020% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.70 | −0.082% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.61 | −0.130% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.60 | −0.136% | $208.8M | $386.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.64 | −0.115% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.61 | −0.131% | $46.7M | $69.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.64 | −0.115% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.55 | −0.162% | $1.6M | $1.9M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.68 | −0.094% | $23K | $193K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.04 | +0.092% | $707 | $6.5M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.75 | −0.058% | $48K | $272K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.70 | −0.084% | $160K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.77 | −0.048% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 192.59 | −0.141% | $1.2M | $4.4M | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 192.57 | −0.151% | $1.0M | $689K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 192.58 | −0.146% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.61 | −0.131% | $57K | $155K | 10x | as long as short |
| Nado SKHY-PERP | +0.0044% | 1h | 192.65 | −0.111% | $38K | $26K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.63 | −0.120% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.63 | −0.120% | $197K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.63 | −0.120% | $162.1M | $66.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.55 | −0.162% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.68 | −0.094% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.67 | −0.099% | $531K | $1.9M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.67 | −0.099% | $1.1M | $285K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.72 | −0.074% | $2K | $4K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0243% | 8h | 192.71 | −0.079% | $25.5M | $26.4M | 20x | as long as short |
| Phoenix SKHY | +0.0331% | 1h | 192.48 | −0.198% | $216K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSDlong | +0.0707% | 1h | 192.86 | long leg | $51K | $17K | 20x |
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Nado SKHY-PERP
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Bitget SKHYUSDT
Phoenix SKHY