Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.003%
Price spread now: Lighter RH against Coinbase International+0.246%7-day average −0.194% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs+$10as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.246%, 7d avg −0.194%
=Together, before fees−0.243%+ Points / potential airdropLighter RH: Points live · farm board−$24 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 RH is 0.439% dearer against Coinbase International than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of −0.194%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SKHY-PERP-INTX | 187.32 | −0.0024 | get 0.0003% / 1h | 9m 18s | $61K | $897K | 10x |
| Short | Lighter RH SKHY | 187.78 | 0.0032 | get 0.0004% / 1h | 9m 18s | $1.1M | $1.6M | 10x |
Coinbase International SKHY-PERP-INTX
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Coinbase International. 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
- $11.76
- Price spread: +0.246% → −0.194%
- $43.92
- Slippage, 4 orders
- −$24.15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $21.53
- Costs to cover
- 0.342%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 39 min ago; Lighter RH: live order book, 3 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 Coinbase International live order book, 39 min ago | 9.81 bp | 15.1 bp −$15 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.07 bp | 1.6 bp −$2 | 12.1 bp −$121 | 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 | −0.1201% | 8h | 187.87 | +0.294% | $25.1M | $31.3M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0375% | 4h | 187.52 | +0.108% | $565K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0229% | 1h | 187.76 | +0.235% | $48K | $336K | 10x | as long as short |
| Nado SKHY-PERP | −0.0146% | 1h | 187.92 | +0.322% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0118% | 1h | 187.73 | +0.219% | $159.3M | $74.1M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0093% | 1h | 187.70 | +0.203% | $181K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXlong | −0.0024% | 1h | 187.32 | long leg | $61K | $897K | 10x | |
| QFEX SKHY-USD | −0.0014% | 1h | 187.78 | +0.246% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0010% | 1h | 187.65 | +0.176% | $516K | $2.6M | 10x | as long as short |
| Lighter SKHY | −0.0008% | 1h | 187.77 | +0.240% | $930K | $1.1M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Lighter SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 187.84 | +0.276% | $229K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.70 | +0.202% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.76 | +0.237% | $201.4M | $433.7M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.77 | +0.240% | $15.9M | $30.2M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.74 | +0.224% | $44.7M | $77.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.70 | +0.203% | $25.3M | $20.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.51 | +0.103% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.67 | +0.185% | $22K | $223K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.95 | +0.336% | $688 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.50 | +0.096% | $155K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.66 | +0.182% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 187.78 | +0.246% | $1.1M | $1.6M | 10x | |
| Popdex SKHYUSDT | +0.0032% | 1h | 187.78 | +0.246% | $196K | $273K | 20x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.41 | +0.048% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.83 | +0.272% | — | $12K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.52 | +0.107% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.80 | +0.256% | $1.1M | $322K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.78 | +0.246% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.63 | +0.165% | $2.1M | $416K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 188.02 | +0.374% | $211K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0261% | 1h | 187.68 | +0.193% | $47K | $19K | 20x | 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
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD