Funding you earn now, next payment 10:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Arcus+0.043%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Funding, last 4 days (all we have)−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.043%, 7d avg −0.029%
=Together, before fees−0.227%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.071% dearer against Arcus than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 187.65 | 0.0040 | pay 0.0005% / 1h | 3m 44s | $60K | $131K | 10x |
| Short | Lighter SKHY | 187.73 | 0.0032 | get 0.0004% / 1h | 3m 44s | $992K | $1.4M | 10x |
Arcus SKHY-USD
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$1.74
- Price spread: +0.043% → −0.029%
- $7.13
- Slippage, 4 orders
- −$11.64
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.75
- Costs to cover
- 0.161%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 47 min ago; Lighter: live order book, 5 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 Arcus live order book, 47 min ago | 2.42 bp | 8.3 bp −$8 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.54 bp | 0.5 bp −$1 | 2.7 bp −$27 | doesn't fit | doesn't fit |
SKHY on 31 exchanges
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 | −0.0877% | 4h | 187.11 | −0.290% | $564K | $286K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0648% | 8h | 187.75 | +0.053% | $26.0M | $36.1M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0122% | 1h | 187.85 | +0.107% | $24K | $440K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0119% | 8h | 187.78 | +0.069% | $1.1M | $457K | 20x | as long as short |
| Nado SKHY-PERP | −0.0019% | 1h | 187.86 | +0.111% | $32K | $28K | 10x | as long as short |
| QFEX SKHY-USD | −0.0005% | 1h | 187.63 | −0.011% | $1.2M | $4.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 187.85 | +0.108% | $263K | $912K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.68 | +0.015% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.76 | +0.058% | $198.3M | $471.6M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.74 | +0.048% | $16.3M | $34.1M | 100x | as long as short |
edgeX SKHYUSDC
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Nado SKHY-PERP
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.71 | +0.032% | $44.5M | $85.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.68 | +0.016% | $25.2M | $22.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.79 | +0.075% | $1.5M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.58 | −0.037% | $22K | $245K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.15 | +0.266% | $689 | $5.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.69 | +0.021% | $155K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.81 | +0.085% | $1.5M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0001% | 1h | 187.74 | +0.048% | $158.5M | $78.0M | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 187.73 | +0.043% | $992K | $1.4M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 187.61 | −0.021% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USDlong | +0.0040% | 1h | 187.65 | long leg | $60K | $131K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.83 | +0.096% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 187.78 | +0.069% | $200K | $305K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 187.77 | +0.064% | $182K | $352K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.80 | +0.080% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 187.57 | −0.043% | $523K | $2.5M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0056% | 1h | 186.08 | −0.837% | $110K | $772K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.87 | +0.117% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.86 | +0.112% | $2.2M | $458K | 50x | as long as short |
| Phoenix SKHY | +0.0257% | 1h | 186.95 | −0.373% | $209K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0751% | 1h | 187.62 | −0.017% | $51K | $36K | 20x | as long as short |
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
tradeXYZ xyz:SKHY
Lighter RH SKHY
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Coinbase International SKHY-PERP-INTX
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD