Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Polymarket Perps+0.048%7-day average +0.008% · 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−$10as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days+0.112%+$11 · spread now +0.048%, 7d avg +0.008%
=Together, before fees+0.073%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.040% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SKHY-USD | 186.11 | −0.0037 | get 0.0005% / 1h | 4m 05s | $180K | $486K | 10x |
| Short | Lighter SKHY | 186.20 | 0.0016 | get 0.0002% / 1h | 4m 05s | $973K | $1.2M | 10x |
Polymarket Perps SKHY-USD
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $11.22
- Price spread: +0.048% → +0.008%
- $4.03
- Slippage, 4 orders
- −$5.79
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.46
- Costs to cover
- 0.138%
- Break-even
- 6.1 days
Slippage from Polymarket Perps: live order book, 33 min ago; Lighter: live order book, 2 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 Polymarket Perps live order book, 33 min ago | 2.14 bp | 6.1 bp −$6 | 7.4 bp −$74 | 10.4 bp −$1,045 | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.54 bp | 0.5 bp −$1 | 2.4 bp −$24 | 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 | −0.1247% | 8h | 186.37 | +0.140% | $25.5M | $33.5M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0562% | 4h | 186.21 | +0.053% | $561K | $290K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.55 | +0.236% | $48K | $21K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0179% | 1h | 186.21 | +0.054% | $49K | $348K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0125% | 1h | 186.13 | +0.011% | $158.0M | $76.8M | 10x | as long as short |
| Nado SKHY-PERP | −0.0114% | 1h | 186.27 | +0.084% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.790% | $68K | $788K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0063% | 8h | 186.15 | +0.021% | $1.1M | $351K | 20x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.19 | +0.043% | $1.2M | $4.3M | 10x | as long as short |
| Polymarket Perps SKHY-USDlong | −0.0037% | 1h | 186.11 | long leg | $180K | $486K | 10x |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
QFEX 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 | +0.085% | $225K | $899K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.08 | −0.017% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.13 | +0.008% | $199.6M | $453.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.11 | 0.000% | $15.9M | $30.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.06 | −0.027% | $44.4M | $80.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.11 | 0.000% | $25.5M | $21.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.18 | +0.038% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.23 | +0.063% | $22K | $239K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.45 | +0.183% | $682 | $6.0M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.07 | −0.021% | $154K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.16 | +0.027% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 186.18 | +0.038% | $204K | $287K | 20x | as long as short |
| Lighter SKHYshort | +0.0016% | 1h | 186.20 | +0.048% | $973K | $1.2M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 186.17 | +0.032% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.16 | +0.027% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.19 | +0.043% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.17 | +0.032% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 186.21 | +0.054% | $520K | $2.6M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.21 | +0.054% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.19 | +0.043% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.40 | +0.156% | $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