Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter+0.079%45s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.170% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 7 days−0.116%−$12 · spread now +0.079%, 7d avg −0.005%
=Together, before fees−0.071%+ Points / potential airdropLighter: Season 3 · farm board−$7 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 Polymarket Perps is 0.085% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKHY | 188.75 | 0.0008 | pay 0.0001% / 1h | 5m 44s | $995K | $747K | 10x |
| Short | Polymarket Perps SKHY-USD | 188.90 | 0.0050 | get 0.0006% / 1h | 5m 44s | $182K | $472K | 10x |
Lighter SKHY
Polymarket Perps SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Lighter. 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
- $8.82
- Price spread: +0.079% → −0.005%
- $8.49
- Slippage, 4 orders
- −$9.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $0.29
- Costs to cover
- 0.170%
- Break-even
- 6.8 days
Slippage from Lighter: live order book, 15 min ago; Polymarket Perps: live order book, 47 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 Lighter live order book, 15 min ago | 1.06 bp | 1.1 bp −$1 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 47 min ago | 2.87 bp | 7.3 bp −$7 | 7.4 bp −$74 | 9.7 bp −$965 | 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 | −0.0318% | 8h | 188.92 | +0.090% | $24.3M | $29.4M | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.588% | $36K | $876K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0055% | 4h | 188.56 | −0.100% | $568K | $290K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0017% | 1h | 188.83 | +0.042% | $158.4M | $70.0M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.91 | +0.087% | $244K | $895K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.70 | −0.028% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.80 | +0.026% | $199.2M | $412.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.84 | +0.048% | $15.4M | $29.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.69 | −0.032% | $44.7M | $73.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.72 | −0.016% | $25.2M | $19.9M | 75x | as long as short |
Bitget SKHYUSDT
Coinbase International SKHY-PERP-INTX
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 188.92 | +0.091% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.60 | −0.079% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.28 | +0.281% | $693 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.00 | +0.132% | $48K | $330K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.92 | +0.090% | $157K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.05 | +0.159% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHYlong | +0.0008% | 1h | 188.75 | long leg | $995K | $747K | 10x | |
| QFEX SKHY-USD | +0.0011% | 1h | 188.80 | +0.026% | $1.2M | $4.1M | 10x | as long as short |
| Nado SKHY-PERP | +0.0014% | 1h | 188.94 | +0.100% | $33K | $28K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.77 | +0.011% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.80 | +0.026% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.95 | +0.106% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.99 | +0.127% | $199K | $258K | 20x | as long as short |
| Polymarket Perps SKHY-USDshort | +0.0050% | 1h | 188.90 | +0.079% | $182K | $472K | 10x | |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.90 | +0.079% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.78 | +0.016% | $526K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.89 | +0.074% | $1.1M | $312K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.04 | +0.154% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.86 | +0.058% | $2.2M | $437K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 188.76 | +0.005% | $211K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0693% | 1h | 189.02 | +0.142% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Nado SKHY-PERP
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD