Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.007%

Price spread now: Lighter against Gate−0.021%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.021%, 7d avg −0.053%

Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.032% dearer against Gate than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.053%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.005% in total) that is about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKHY_USDT	186.58	0	get 0.0000% / 8h	34m 39s	$25.5M	$21.0M	75x
Short	Lighter SKHY	186.54	−0.0024	pay 0.0003% / 1h	34m 39s	$974K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee LighterbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$5.04
Price spread: −0.021% → −0.053%: $3.15
Slippage, 4 orders: −$11.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.32
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 6 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 Gate live order book, 4 min ago	1.61 bp	13.2 bp −$13	20.3 bp −$203	25.8 bp −$2,581	48.6 bp −$24.3K
Sell Lighter live order book, 6 min ago	0.80 bp	1.3 bp −$1	17.1 bp −$171	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	−0.1276%	8h	186.84	+0.139%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0749%	4h	186.53	−0.025%	$562K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.65	+0.035%	$48K	$21K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0232%	1h	186.62	+0.021%	$49K	$347K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0229%	1h	186.55	−0.016%	$158.5M	$76.9M	10x	as long as short
Nado SKHY-PERP	−0.0185%	1h	186.74	+0.087%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0152%	1h	186.65	+0.038%	$205K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0141%	1h	186.48	−0.054%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.536%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.63	+0.027%	$1.2M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKHYUSDTM	−0.0037%	8h	186.56	−0.011%	$1.1M	$328K	20x	as long as short
Lighter SKHYshort	−0.0024%	1h	186.54	−0.021%	$974K	$1.2M	10x
Aster SKHYUSDT	0.0000%	8h	186.73	+0.080%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.56	−0.013%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.65	+0.038%	$200.7M	$450.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.66	+0.043%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.66	+0.043%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDTlong	0.0000%	8h	186.58	long leg	$25.5M	$21.0M	75x
Variational Omni SKHY	0.0000%	8h	186.58	−0.001%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.65	+0.038%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.87	+0.155%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.56	−0.011%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.62	+0.021%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0014%	1h	186.48	−0.054%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.53	−0.027%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.59	+0.005%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.60	+0.011%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.61	+0.016%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.57	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.61	+0.016%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.78	+0.107%	$209K	$123K	10x	as long as short