Funding you earn now, next payment 04:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.002%
Price spread now: Coinbase International against Lighter RH+1.575%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs+$114as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)−1.463%−$146 · spread now +1.575%, 7d avg +0.187%
=Together, before fees−1.561%+ Points / potential airdropLighter RH: Points live · farm board−$156 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 1.388% dearer against Lighter RH than usual: you sell high and buy low (spread +1.575% now, against its 7-day average of +0.187%): +$139 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−0.098% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 189.85 | 0.0032 | pay 0.0004% / 1h | 37m 42s | $1.1M | $1.4M | 10x |
| Short | Coinbase International SKHY-PERP-INTX | 192.84 | −0.0104 | pay 0.0013% / 1h | 37m 42s | $45K | $861K | 10x |
Lighter RH SKHY
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.56
- Price spread: +1.575% → +0.187%
- $138.82
- Slippage, 4 orders
- −$15.08
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $85.18
- Costs to cover
- 0.251%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 5 min ago; Coinbase International: live order book, 16 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, 5 min ago | 0.26 bp | 3.1 bp −$3 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 16 min ago | 5.22 bp | 10.2 bp −$10 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0799% | 4h | 190.46 | +0.320% | $574K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0104% | 1h | 192.84 | +1.575% | $45K | $861K | 10x | |
| tradeXYZ xyz:SKHY | −0.0003% | 1h | 189.88 | +0.016% | $158.8M | $69.1M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.99 | +0.075% | $247K | $893K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.89 | +0.019% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.97 | +0.062% | $199.6M | $404.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.96 | +0.058% | $15.3M | $28.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.02 | +0.090% | $45.2M | $72.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.94 | +0.047% | $25.6M | $19.5M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.98 | +0.068% | $24.4M | $28.4M | 20x | as long as short |
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 190.47 | +0.327% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.25 | +0.209% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.26 | +0.216% | $696 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.98 | +0.068% | $48K | $326K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.89 | +0.021% | $158K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.99 | +0.074% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.98 | +0.068% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 189.83 | −0.011% | $1.0M | $692K | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 189.85 | long leg | $1.1M | $1.4M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 190.21 | +0.190% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.98 | +0.068% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.96 | +0.058% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.89 | +0.021% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.91 | +0.032% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.99 | +0.074% | $563K | $2.7M | 10x | as long as short |
| Nado SKHY-PERP | +0.0097% | 1h | 190.01 | +0.085% | $34K | $28K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 189.96 | +0.058% | $1.1M | $319K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.95 | +0.053% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.85 | 0.000% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.44 | +0.311% | $213K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0690% | 1h | 190.00 | +0.078% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Nado SKHY-PERP
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD