Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Arcus−0.145%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 4 days (all we have)−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.145%, 7d avg −0.054%
=Together, before fees−0.046%+ Points / potential airdropLighter RH: Points live · farm board−$5 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 RH is 0.092% cheaper against Arcus than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 192.94 | 0.0040 | pay 0.0005% / 1h | 7m 23s | $60K | $161K | 10x |
| Short | Lighter RH SKHY | 192.66 | 0.0032 | get 0.0004% / 1h | 7m 23s | $1.1M | $1.6M | 10x |
Arcus SKHY-USD
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: −0.145% → −0.054%
- −$9.16
- Slippage, 4 orders
- −$21.41
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$36.81
- Costs to cover
- 0.259%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 51 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 Arcus live order book, 51 min ago | 6.21 bp | 9.4 bp −$9 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, just now | 1.82 bp | 3.4 bp −$3 | 10.7 bp −$107 | 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 | −0.0671% | 4h | 192.99 | +0.028% | $582K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.052% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.74 | −0.105% | $248K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.69 | −0.130% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.70 | −0.125% | $203.4M | $394.6M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.71 | −0.119% | $15.7M | $27.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.75 | −0.098% | $46.7M | $70.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.67 | −0.140% | $25.8M | $19.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.95 | +0.005% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.07 | +0.067% | $22K | $206K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.14 | +0.104% | $707 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.81 | −0.067% | $161K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.86 | −0.041% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0015% | 1h | 192.73 | −0.109% | $1.2M | $3.9M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.67 | −0.140% | $1.0M | $704K | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 192.66 | −0.145% | $1.1M | $1.6M | 10x | |
| Arcus SKHY-USDlong | +0.0040% | 1h | 192.94 | long leg | $60K | $161K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.76 | −0.093% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.73 | −0.109% | $202K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.64 | −0.155% | $161.1M | $67.8M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.66 | −0.145% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.85 | −0.047% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.78 | −0.083% | $577K | $2.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0061% | 1h | 192.85 | −0.047% | $49K | $322K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.76 | −0.093% | $1.1M | $318K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.71 | −0.119% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.06 | +0.062% | $2.3M | $438K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0121% | 8h | 192.84 | −0.052% | $25.2M | $26.9M | 20x | as long as short |
| Nado SKHY-PERP | +0.0148% | 1h | 192.81 | −0.065% | $38K | $26K | 10x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.19 | +0.130% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1059% | 1h | 192.84 | −0.050% | $49K | $19K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Bitget SKHYUSDT
Nado SKHY-PERP
Phoenix SKHY
Kraken Futures PF_SKHYUSD