Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Gate against Lighter+0.005%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now +0.005%, 7d avg +0.053%
=Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.048% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 189.84 | 0.0032 | pay 0.0004% / 1h | 39m 28s | $1.0M | $691K | 10x |
| Short | Gate SKHY_USDT | 189.85 | 0 | get 0.0000% / 8h | 3h 39m | $25.6M | $19.4M | 75x |
Lighter SKHY
Gate SKHY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.72
- Price spread: +0.005% → +0.053%
- −$4.75
- Slippage, 4 orders
- −$13.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$39.49
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Gate: 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 Lighter live order book, 6 min ago | 0.53 bp | 1.0 bp −$1 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.57 bp | 12.9 bp −$13 | 27.6 bp −$276 | 66.0 bp −$6,605 | 115.3 bp −$57.7K |
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 | −0.0799% | 4h | 190.46 | +0.325% | $574K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.580% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.04 | +0.104% | $247K | $893K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.97 | +0.067% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.91 | +0.038% | $199.6M | $403.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.91 | +0.037% | $15.3M | $28.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.82 | −0.011% | $45.4M | $72.8M | 50x | as long as short |
| Gate SKHY_USDTshort | 0.0000% | 8h | 189.85 | +0.005% | $25.6M | $19.4M | 75x | |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.12 | +0.147% | $24.4M | $28.3M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 190.47 | +0.333% | $1.6M | $1.1M | — | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Bitget SKHYUSDT
Variational Omni SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.25 | +0.214% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.46 | +0.327% | $697 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.08 | +0.126% | $159K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 190.15 | +0.163% | $1.5M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0002% | 1h | 189.85 | +0.005% | $158.7M | $69.0M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.96 | +0.063% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHYlong | +0.0032% | 1h | 189.84 | long leg | $1.0M | $691K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 189.93 | +0.047% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.37 | +0.279% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.02 | +0.095% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.93 | +0.047% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.90 | +0.032% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.13 | +0.153% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.99 | +0.079% | $563K | $2.7M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0066% | 1h | 190.18 | +0.179% | $48K | $326K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.04 | +0.105% | $1.1M | $320K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.89 | +0.026% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0104% | 1h | 190.04 | +0.107% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.36 | +0.274% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.44 | +0.316% | $213K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0689% | 1h | 190.21 | +0.196% | $48K | $19K | 20x | as long as short |
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
tradeXYZ xyz:SKHY
QFEX SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD