Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter against Deribit−0.130%7-day average −0.062% · 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−$38as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 4 days (all we have)+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.130%, 7d avg −0.062%
=Together, before fees+0.199%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.068% cheaper against Deribit than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.062%). If the spread goes back, that is −$7 on $10k: about 7.1 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 184.83 | 0 | get 0.0000% / 1h | 20m 31s | $47K | $354K | 10x |
| Short | Lighter SKHY | 184.59 | 0.0032 | get 0.0004% / 1h | 20m 31s | $980K | $1.3M | 10x |
Deribit SKHY_USDC-PERPETUAL
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $6.72
- Price spread: −0.130% → −0.062%
- −$6.83
- Slippage, 4 orders
- −$24.07
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.18
- Costs to cover
- 0.311%
- Break-even
- 39.5 days
Slippage from Deribit: live order book, 13 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 Deribit live order book, 13 min ago | 5.97 bp | 16.3 bp −$16 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.54 bp | 1.2 bp −$1 | 9.7 bp −$97 | 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 | −0.1152% | 8h | 184.88 | +0.027% | $25.4M | $35.1M | 20x | as long as short |
| KuCoin SKHYUSDTM | −0.0246% | 8h | 184.56 | −0.146% | $1.1M | $375K | 20x | as long as short |
| edgeX SKHYUSDC | −0.0224% | 4h | 184.38 | −0.241% | $556K | $290K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0198% | 8h | 184.46 | −0.200% | $22K | $246K | 10x | as long as short |
| Extended SKHY-USD | −0.0056% | 1h | 184.70 | −0.072% | $53K | $7K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0051% | 1h | 184.77 | −0.032% | $156.6M | $77.9M | 10x | as long as short |
| Binance SKHYUSDT | −0.0047% | 8h | 184.80 | −0.016% | $195.9M | $464.9M | 50x | as long as short |
| Nado SKHY-PERP | −0.0034% | 1h | 184.73 | −0.052% | $32K | $28K | 10x | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 184.84 | +0.005% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni SKHY | −0.0022% | 8h | 184.84 | +0.004% | $1.6M | $1.0M | — | as long as short |
Bitget SKHYUSDT
KuCoin SKHYUSDTM
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
Extended SKHY-USD
tradeXYZ xyz:SKHY
Binance SKHYUSDT
Nado SKHY-PERP
QFEX SKHY-USD
Variational Omni SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 184.60 | −0.125% | $265K | $951K | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 184.76 | −0.038% | $16.0M | $33.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 184.82 | −0.005% | $43.7M | $81.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 184.73 | −0.054% | $25.6M | $21.8M | 75x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 185.09 | +0.141% | $677 | $5.9M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | 0.0000% | 1h | 184.83 | long leg | $47K | $354K | 10x | |
| HTX SKHY-USDT | 0.0000% | 8h | 184.77 | −0.032% | $153K | $375K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 184.83 | 0.000% | $1.5M | $1.1M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 183.79 | −0.563% | $66K | $752K | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 184.59 | −0.130% | $980K | $1.3M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 184.67 | −0.087% | $1.1M | $1.5M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0039% | 1h | 184.81 | −0.011% | $510K | $2.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 184.70 | −0.070% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.74 | −0.049% | — | $38K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 184.80 | −0.016% | $199K | $295K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.75 | −0.043% | $179K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.66 | −0.092% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0067% | 8h | 184.83 | 0.000% | $2.1M | $446K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.63 | −0.108% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0171% | 1h | 184.89 | +0.033% | $48K | $20K | 20x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 184.57 | −0.141% | $207K | $123K | 10x | as long as short |
Aster SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Coinbase International SKHY-PERP-INTX
Lighter RH SKHY
Ondo Perps SKHY-USD.P
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
BloFin SKHY-USDT
Orderly PERP_SKHY_USDC_mythos
Kraken Futures PF_SKHYUSD
Phoenix SKHY