Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.010%

Price spread now: Binance against Lighter RH+0.038%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.076%+$8 · spread now +0.038%, 7d avg +0.101%

Together, before fees+0.059%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.064% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SKHY	184.88	0.0032	pay 0.0004% / 1h	19m 47s	$1.1M	$1.5M	10x
Short	Binance SKHYUSDT	184.95	−0.0041	pay 0.0041% / 8h	7h 19m	$196.1M	$465.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$15.37
Price spread: +0.038% → +0.101%: −$6.36
Slippage, 4 orders: −$5.92
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.65
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 9 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 RH live order book, 3 min ago	1.90 bp	2.2 bp −$2	10.2 bp −$102	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.27 bp	5.6 bp −$6	9.2 bp −$92	25.1 bp −$2,510	105.7 bp −$52.9K

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	−0.1152%	8h	185.07	+0.103%	$25.5M	$35.2M	20x	as long as short
KuCoin SKHYUSDTM	−0.0246%	8h	184.74	−0.076%	$1.1M	$376K	20x	as long as short
edgeX SKHYUSDC	−0.0224%	4h	184.38	−0.268%	$556K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0198%	8h	184.46	−0.227%	$22K	$246K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0051%	1h	184.92	+0.022%	$156.7M	$78.0M	10x	as long as short
Extended SKHY-USD	−0.0048%	1h	184.82	−0.033%	$54K	$7K	10x	as long as short
Binance SKHYUSDTshort	−0.0041%	8h	184.95	+0.038%	$196.1M	$465.0M	50x
Nado SKHY-PERP	−0.0032%	1h	184.88	−0.001%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.84	−0.022%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0022%	8h	184.84	−0.023%	$1.6M	$1.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	184.71	−0.091%	$265K	$951K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	184.96	+0.043%	$16.0M	$33.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.92	+0.022%	$43.8M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.96	+0.043%	$25.5M	$21.8M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	185.08	+0.108%	$677	$5.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	184.94	+0.032%	$47K	$354K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	184.72	−0.087%	$153K	$375K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.88	0.000%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	183.79	−0.590%	$66K	$750K	10x	as long as short
Lighter SKHY	+0.0032%	1h	184.94	+0.032%	$983K	$1.3M	10x	as long as short
Lighter RH SKHYlong	+0.0032%	1h	184.88	long leg	$1.1M	$1.5M	10x
Ondo Perps SKHY-USD.P	+0.0039%	1h	184.81	−0.038%	$510K	$2.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.70	−0.097%	$59K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.74	−0.076%	—	$38K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.80	−0.043%	$199K	$295K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.75	−0.070%	$179K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.76	−0.065%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0067%	8h	184.83	−0.027%	$2.1M	$446K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.76	−0.065%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.94	+0.034%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	184.57	−0.168%	$207K	$123K	10x	as long as short