Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.006%
Price spread now: Coinbase International against Lighter+0.784%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs+$37as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.774%−$77 · spread now +0.784%, 7d avg +0.171%
=Together, before fees−0.852%+ Points / potential airdropLighter: Season 3 · farm board−$85 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.613% dearer against Lighter than usual: you sell high and buy low (spread +0.784% now, against its 7-day average of +0.171%): +$61 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 7 days (−0.078% in total) that is about 55 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 186.12 | 0.0016 | pay 0.0002% / 1h | 3m 32s | $972K | $1.2M | 10x |
| Short | Coinbase International SKHY-PERP-INTX | 187.58 | −0.0072 | pay 0.0009% / 1h | 3m 32s | $68K | $788K | 10x |
Lighter SKHY
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- −$18.48
- Price spread: +0.784% → +0.171%
- $61.31
- Slippage, 4 orders
- −$14.47
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $18.36
- Costs to cover
- 0.245%
- Break-even
- from the start
Slippage from Lighter: live order book, 2 min ago; Coinbase International: live order book, 35 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 Lighter live order book, 2 min ago | 0.54 bp | 1.0 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 35 min ago | 5.89 bp | 10.9 bp −$11 | 14.5 bp −$145 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1248% | 8h | 186.35 | +0.124% | $25.5M | $33.5M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0562% | 4h | 186.21 | +0.048% | $561K | $290K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.55 | +0.230% | $48K | $21K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0179% | 1h | 186.21 | +0.048% | $49K | $348K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0126% | 1h | 186.12 | 0.000% | $158.0M | $76.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0114% | 1h | 186.24 | +0.062% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0072% | 1h | 187.58 | +0.784% | $68K | $788K | 10x | |
| KuCoin SKHYUSDTM | −0.0066% | 8h | 186.14 | +0.011% | $1.1M | $352K | 20x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.15 | +0.016% | $1.2M | $4.3M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0038% | 1h | 186.08 | −0.021% | $180K | $486K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Nado SKHY-PERP
KuCoin SKHYUSDTM
QFEX SKHY-USD
Polymarket Perps SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 186.27 | +0.079% | $225K | $899K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.07 | −0.024% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.14 | +0.011% | $199.7M | $453.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.10 | −0.011% | $16.0M | $30.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.11 | −0.005% | $44.4M | $80.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.09 | −0.016% | $25.5M | $21.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.18 | +0.032% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.23 | +0.057% | $22K | $239K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.45 | +0.177% | $682 | $6.0M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.07 | −0.027% | $154K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.16 | +0.021% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 186.17 | +0.027% | $204K | $287K | 20x | as long as short |
| Lighter SKHYlong | +0.0016% | 1h | 186.12 | long leg | $972K | $1.2M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 186.09 | −0.016% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.14 | +0.011% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.16 | +0.021% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.17 | +0.027% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 186.21 | +0.048% | $520K | $2.6M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.21 | +0.048% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.19 | +0.038% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.38 | +0.140% | $209K | $123K | 10x | as long as short |
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Popdex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY