Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Polymarket Perps−0.079%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.079%, 7d avg −0.020%
=Together, before fees+0.037%+ Points / potential airdropLighter RH: Points live · farm board+$4 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 Lighter RH is 0.059% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SKHY-USD | 190.00 | 0.0050 | pay 0.0006% / 1h | 37m 19s | $183K | $470K | 10x |
| Short | Lighter RH SKHY | 189.85 | 0.0032 | get 0.0004% / 1h | 37m 19s | $1.1M | $1.4M | 10x |
Polymarket Perps SKHY-USD
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$3.78
- Price spread: −0.079% → −0.020%
- −$5.85
- Slippage, 4 orders
- −$11.36
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$28.99
- Costs to cover
- 0.194%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 15 min ago; Lighter RH: live order book, just now.
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, 15 min ago | 2.87 bp | 6.9 bp −$7 | 8.5 bp −$85 | 11.0 bp −$1,096 | doesn't fit |
| Sell Lighter RH live order book, just now | 1.84 bp | 2.7 bp −$3 | 15.5 bp −$155 | 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 | −0.0312% | 4h | 189.89 | −0.059% | $572K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.495% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0002% | 1h | 190.01 | +0.005% | $158.9M | $69.1M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.03 | +0.018% | $247K | $893K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.98 | −0.009% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.11 | +0.058% | $199.7M | $404.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 190.12 | +0.063% | $15.3M | $28.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.11 | +0.058% | $45.3M | $73.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 190.00 | 0.000% | $25.6M | $19.5M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.15 | +0.079% | $24.4M | $28.4M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
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 | +0.248% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.92 | −0.042% | $23K | $213K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.26 | +0.137% | $696 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.98 | −0.011% | $48K | $326K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.89 | −0.058% | $158K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.99 | −0.005% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 190.09 | +0.047% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 189.83 | −0.089% | $1.0M | $692K | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 189.85 | −0.079% | $1.1M | $1.4M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 190.11 | +0.058% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.06 | +0.032% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.09 | +0.047% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USDlong | +0.0050% | 1h | 190.00 | long leg | $183K | $470K | 10x | |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.91 | −0.047% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.99 | −0.005% | $563K | $2.7M | 10x | as long as short |
| Nado SKHY-PERP | +0.0093% | 1h | 190.11 | +0.060% | $34K | $28K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.08 | +0.042% | $1.1M | $319K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.11 | +0.058% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.85 | −0.079% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.14 | +0.074% | $213K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0690% | 1h | 190.00 | −0.001% | $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
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