Funding you earn now, next payment 12:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.007%
Price spread now: Lighter against Binance−0.040%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$160.155% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days−0.001%$0 · spread now −0.040%, 7d avg −0.080%
=Together, before fees−0.014%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.040% dearer against Binance than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.080%): +$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 4.3 days. At the pace of the last 7 days (−0.013% in total) that is about 22 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKHYUSDT | 187.69 | −0.0017 | get 0.0017% / 8h | 4h 55m | $197.6M | $471.8M | 50x |
| Short | Lighter SKHY | 187.62 | −0.0048 | pay 0.0006% / 1h | 55m 31s | $981K | $1.4M | 10x |
Binance SKHYUSDT
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$6.51
- Price spread: −0.040% → −0.080%
- $4.03
- Slippage, 4 orders
- −$5.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18.03
- Costs to cover
- 0.155%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 4 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 Binance live order book, 11 min ago | 0.27 bp | 6.5 bp −$6 | 8.1 bp −$81 | 23.4 bp −$2,341 | 93.3 bp −$46.6K |
| Sell Lighter live order book, 4 min ago | 0.80 bp | 2.9 bp −$3 | 8.4 bp −$84 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SKHYUSD | −0.2058% | 1h | 187.58 | −0.060% | $51K | $36K | 20x | as long as short |
| edgeX SKHYUSDC | −0.0796% | 4h | 187.69 | 0.000% | $566K | $285K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0389% | 1h | 187.56 | −0.072% | $52K | $496K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0276% | 8h | 187.74 | +0.024% | $26.1M | $36.5M | 20x | as long as short |
| KuCoin SKHYUSDTM | −0.0204% | 8h | 187.68 | −0.008% | $1.1M | $516K | 20x | as long as short |
| Nado SKHY-PERP | −0.0168% | 1h | 187.74 | +0.022% | $32K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0096% | 1h | 187.65 | −0.024% | $110K | $739K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0087% | 1h | 187.65 | −0.024% | $158.4M | $77.6M | 10x | as long as short |
| Lighter SKHYshort | −0.0048% | 1h | 187.62 | −0.040% | $981K | $1.4M | 10x | |
| Binance SKHYUSDTlong | −0.0017% | 8h | 187.69 | long leg | $197.6M | $471.8M | 50x |
Kraken Futures PF_SKHYUSD
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Bitget SKHYUSDT
KuCoin SKHYUSDTM
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHYShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | −0.0016% | 1h | 187.61 | −0.043% | $55K | $7K | 10x | as long as short |
| QFEX SKHY-USD | −0.0013% | 1h | 187.62 | −0.040% | $1.2M | $4.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 187.61 | −0.045% | $260K | $916K | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.68 | −0.008% | $16.4M | $33.9M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.70 | +0.003% | $44.5M | $85.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.63 | −0.034% | $25.3M | $21.3M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.58 | −0.063% | $1.5M | $951K | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.76 | +0.035% | $22K | $255K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.90 | +0.110% | $688 | $5.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.58 | −0.061% | $154K | $383K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.64 | −0.029% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0005% | 1h | 187.50 | −0.104% | $523K | $2.5M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0013% | 1h | 187.56 | −0.072% | $182K | $342K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.56 | −0.072% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.65 | −0.024% | $60K | $131K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.70 | +0.003% | — | $40K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 187.69 | −0.002% | $200K | $310K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.64 | −0.029% | $41K | $12K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.60 | −0.050% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0110% | 8h | 187.74 | +0.024% | $2.2M | $490K | 50x | as long as short |
| Phoenix SKHY | +0.0255% | 1h | 188.00 | +0.163% | $211K | $123K | 10x | as long as short |
Extended SKHY-USD
QFEX SKHY-USD
Aster 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
Ondo Perps SKHY-USD.P
Polymarket Perps SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY