Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter RH against Deribit−0.038%7-day average −0.091% · 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−$26as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 4 days (all we have)+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.038%, 7d avg −0.091%
=Together, before fees−0.013%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.054% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 186.65 | 0 | get 0.0000% / 1h | 32m 23s | $49K | $347K | 10x |
| Short | Lighter RH SKHY | 186.58 | 0.0032 | get 0.0004% / 1h | 32m 23s | $1.1M | $1.5M | 10x |
Deribit SKHY_USDC-PERPETUAL
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: −0.038% → −0.091%
- $5.38
- Slippage, 4 orders
- −$24.77
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$19.67
- Costs to cover
- 0.318%
- Break-even
- 27.5 days
Slippage from Deribit: live order book, 6 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 Deribit live order book, 6 min ago | 6.70 bp | 16.4 bp −$16 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, just now | 1.34 bp | 3.5 bp −$3 | 15.2 bp −$152 | 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 | −0.1265% | 8h | 186.75 | +0.054% | $25.4M | $33.1M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0749% | 4h | 186.53 | −0.063% | $562K | $291K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.82 | +0.090% | $48K | $21K | 20x | as long as short |
| tradeXYZ xyz:SKHY | −0.0216% | 1h | 186.56 | −0.048% | $158.5M | $76.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0172% | 1h | 186.72 | +0.040% | $33K | $28K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0128% | 1h | 186.65 | 0.000% | $204K | $288K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0124% | 1h | 186.56 | −0.048% | $180K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.498% | $68K | $905K | 10x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.65 | 0.000% | $1.2M | $4.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0037% | 8h | 186.59 | −0.032% | $1.1M | $328K | 20x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
KuCoin SKHYUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SKHY | −0.0016% | 1h | 186.61 | −0.021% | $975K | $1.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.71 | +0.032% | $223K | $925K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.61 | −0.022% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.58 | −0.036% | $200.6M | $450.6M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.61 | −0.021% | $16.7M | $29.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.59 | −0.032% | $44.7M | $79.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.64 | −0.005% | $25.6M | $21.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.58 | −0.038% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.63 | −0.011% | $22K | $233K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.90 | +0.134% | $684 | $6.1M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | 0.0000% | 1h | 186.65 | long leg | $49K | $347K | 10x | |
| HTX SKHY-USDT | 0.0000% | 8h | 186.55 | −0.054% | $155K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.68 | +0.016% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0019% | 1h | 186.60 | −0.027% | $521K | $2.6M | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 186.58 | −0.038% | $1.1M | $1.5M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 186.62 | −0.016% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.65 | 0.000% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.62 | −0.016% | $41K | $12K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.63 | −0.011% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.65 | 0.000% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.78 | +0.070% | $209K | $123K | 10x | as long as short |
Lighter SKHY
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
Ondo Perps SKHY-USD.P
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY