SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: tradeXYZ against Lighter+0.010%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$210.206% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.010%, 7d avg +0.034%

Together, before fees−0.047%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.024% cheaper against Lighter than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.034%). If the spread goes back, that is −$2 on $10k: about 4.4 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	Lighter SKHY	193.15	0.0032	pay 0.0004% / 1h	0m 38s	$1.0M	$696K	10x
Short	tradeXYZ xyz:SKHY	193.17	0.0050	get 0.0006% / 1h	0m 38s	$161.6M	$67.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Lighter. 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 LighterbpFee tradeXYZbpOrdersPrice spread, now +0.010%Rate

Funding earned: $3.78
Price spread: +0.010% → +0.034%: −$2.39
Slippage, 4 orders: −$2.62
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.23
Costs to cover: 0.206%
Break-even: 42.6 days

Slippage from Lighter: live order book, 5 min ago; tradeXYZ: live order book, 9 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, 5 min ago	0.78 bp	0.8 bp −$1	2.4 bp −$24	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.26 bp	9.3 bp −$9	10.5 bp −$105	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
edgeX SKHYUSDC	−0.0876%	4h	193.20	+0.026%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.129%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.22	+0.037%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.22	+0.036%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.28	+0.067%	$205.1M	$392.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.32	+0.088%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.26	+0.057%	$46.7M	$70.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.23	+0.041%	$25.8M	$19.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.28	+0.065%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.24	+0.047%	$23K	$199K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.59	+0.228%	$709	$6.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.13	−0.010%	$161K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.31	+0.083%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.20	+0.026%	$1.2M	$4.3M	10x	as long as short
Lighter SKHYlong	+0.0032%	1h	193.15	long leg	$1.0M	$696K	10x
Lighter RH SKHY	+0.0032%	1h	193.14	−0.005%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.19	+0.021%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.26	+0.057%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.29	+0.072%	$201K	$257K	20x	as long as short
tradeXYZ xyz:SKHYshort	+0.0050%	1h	193.17	+0.010%	$161.6M	$67.6M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	193.22	+0.036%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.26	+0.057%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	+0.057%	$575K	$2.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.19	+0.021%	$1.1M	$297K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.32	+0.088%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.34	+0.098%	$2.2M	$438K	50x	as long as short
Nado SKHY-PERP	+0.0171%	1h	193.26	+0.055%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0201%	8h	193.33	+0.093%	$25.4M	$26.8M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0268%	1h	193.32	+0.088%	$49K	$306K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	193.40	+0.129%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0545%	1h	193.39	+0.123%	$51K	$17K	20x	as long as short