Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.083%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.083%, 7d avg +0.048%

Together, before fees−0.140%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.035% dearer against Lighter RH than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.048%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−0.003% 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	192.68	0.0032	pay 0.0004% / 1h	23m 20s	$1.1M	$1.5M	10x
Short	HTX SKHY-USDT	192.84	0	get 0.0000% / 8h	5h 23m	$160K	$368K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$6.72
Price spread: +0.083% → +0.048%: $3.51
Slippage, 4 orders: −$9.03
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.25
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; HTX: live order book, 40 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, 4 min ago	1.04 bp	1.8 bp −$2	9.2 bp −$92	doesn't fit	doesn't fit
Sell HTX live order book, 40 min ago	2.85 bp	8.9 bp −$9	10.8 bp −$108	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	−0.0383%	4h	192.65	−0.017%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.114%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.74	+0.034%	$248K	$888K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.81	+0.065%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.84	+0.084%	$206.3M	$390.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.86	+0.093%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.87	+0.099%	$46.7M	$69.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.79	+0.057%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	+0.008%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	0.000%	$23K	$195K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.21	+0.275%	$707	$6.4M	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	192.84	+0.083%	$160K	$368K	50x
Phemex SKHYUSDT	0.0000%	8h	192.89	+0.109%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.71	+0.016%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.69	+0.005%	$1.0M	$688K	10x	as long as short
Lighter RH SKHYlong	+0.0032%	1h	192.68	long leg	$1.1M	$1.5M	10x
Arcus SKHY-USD	+0.0040%	1h	192.69	+0.005%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.71	+0.016%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.84	+0.083%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.71	+0.016%	$161.2M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.71	+0.016%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.78	+0.052%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.64	−0.021%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.71	+0.016%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.79	+0.057%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.59	−0.047%	$2.2M	$445K	50x	as long as short
Bitget SKHYUSDT	+0.0131%	8h	192.80	+0.062%	$25.4M	$26.8M	20x	as long as short
Nado SKHY-PERP	+0.0168%	1h	192.75	+0.036%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0321%	1h	192.89	+0.109%	$49K	$296K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.82	+0.073%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.95	+0.138%	$51K	$17K	20x	as long as short