data as of
Settings8H · net · $10k
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Price arb /

SKHY

RWAall SKHY markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$112
spread now+0.005%7d average+0.047%fees + slippage, in and out−$107spread needed1.075%
Long on LighterShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter SKHY188.540.0032pay 0.0004% / 1h10m 16s$1.0M$664K10x
ShortPhemex SKHYUSDT188.550get 0.0000% / 8h7h 10m$1.5M$1.1M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$0.53
Funding while held
−$0.96
Slippage, 4 orders
−$95.46
Fee Lighter: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$107.89
Spread needed to break even
1.075%
Slippage from Lighter: live order book, 2 min ago; Phemex: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0032%
Per $10,000 a day
−$0.96
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 2 min ago1.06 bp2.2 bp −$22.9 bp −$29doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago1.33 bp59.5 bp −$60doesn't fitdoesn't fitdoesn't fit

SKHY price on every exchange

against the cheapest. Click to use as the short leg.
edgeX188.05cheapestPhoenix188.10+0.026%Coinbase International188.11+0.031%Nado188.37+0.167%Ondo Perps188.38+0.174%Variational Omni188.40+0.187%Polymarket Perps188.47+0.222%BloFin188.47+0.222%Lighter RH188.48+0.228%QFEX188.52+0.249%Arcus188.53+0.254%
Lighter188.54+0.259%
Vest188.54+0.259%HTX188.54+0.259%Popdex188.55+0.265%
Phemex188.55+0.265%
Aster188.56+0.270%Gate188.56+0.270%tradeXYZ188.57+0.275%Binance188.57+0.275%KuCoin188.57+0.275%Bybit188.59+0.286%OKX188.59+0.286%SoDEX188.59+0.286%Deribit188.60+0.291%Extended188.60+0.293%Bitget188.63+0.307%Orderly188.65+0.318%Kraken Futures188.67+0.328%SunX188.83+0.414%

SKHY on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX SKHYUSDC−0.259%−0.0352%4h$567K$288K10xas long as short
Phoenix SKHY−0.233%+0.0385%1h$213K$97K10xas long as short
Coinbase International SKHY-PERP-INTX−0.228%−0.0056%1h$111K$529K10xas long as short
Nado SKHY-PERP−0.092%−0.0086%1h$28K$1K10xas long as short
Ondo Perps SKHY-USD.P−0.085%+0.0050%1h$518K$827K10xas long as short
Variational Omni SKHY−0.073%0.0000%8h$1.5M$2.6M—as long as short
Polymarket Perps SKHY-USD−0.037%+0.0050%1h$191K$921K10xas long as short
BloFin SKHY-USDT−0.037%+0.0120%8h$2.3M$340K50xas long as short
Lighter RH SKHY−0.032%+0.0032%1h$1.1M$1.3M10xas long as short
QFEX SKHY-USD−0.011%−0.0009%1h$1.2M$4.9M10xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus SKHY-USD−0.005%+0.0040%1h$53K$123K10xas long as short
Lighter SKHYlong0.000%+0.0032%1h$1.0M$664K10x
Vest SKHY-USD-PERP0.000%+0.0046%1h—$10K10xas long as short
HTX SKHY-USDT0.000%0.0000%8h$154K$377K50xas long as short
Popdex SKHYUSDT+0.005%+0.0048%1h$202K$215K20xas long as short
Phemex SKHYUSDTshort+0.005%0.0000%8h$1.5M$1.1M10x
Aster SKHYUSDT+0.011%0.0000%8h$282K$662K50xas long as short
Gate SKHY_USDT+0.011%0.0000%8h$27.2M$14.1M75xas long as short
tradeXYZ xyz:SKHY+0.016%+0.0044%1h$172.5M$53.3M10xas long as short
Binance SKHYUSDT+0.016%0.0000%8h$217.6M$321.2M50xas long as short
KuCoin SKHYUSDTM+0.016%+0.0098%8h$1.1M$298K20xas long as short
Bybit SKHYUSDT+0.027%0.0000%8h$16.2M$22.4M100xas long as short
OKX SKHY-USDT-SWAP+0.027%0.0000%8h$47.3M$56.1M50xas long as short
SoDEX SKHY-USD+0.027%+0.0050%1h$42K$12K10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.032%−0.0068%1h$45K$163K10xas long as short
Extended SKHY-USD+0.033%0.0000%1h$55K$2K10xas long as short
Bitget SKHYUSDT+0.048%0.0000%8h$25.8M$21.8M20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.058%+0.0100%8h$2K$5K10xas long as short
Kraken Futures PF_SKHYUSD+0.069%+0.0478%1h$49K$24K20xas long as short
SunX SKHY-USDT+0.154%0.0000%8h$691$7.3M10xas long as short