Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h −0.009%

Price spread now: Bitget against Lighter RH+0.083%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.083%, 7d avg +0.104%

Together, before fees+0.085%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.021% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.104%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.033% in total) that is about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SKHY	193.05	0.0032	pay 0.0004% / 1h	23m 44s	$1.1M	$1.5M	10x
Short	Bitget SKHYUSDT	193.21	0.0213	get 0.0213% / 8h	7h 23m	$25.7M	$26.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now +0.083%Rate

Funding earned: $38.01
Price spread: +0.083% → +0.104%: −$2.09
Slippage, 4 orders: −$9.82
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $14.1
Costs to cover: 0.218%
Break-even: 4.4 days

Slippage from Lighter RH: live order book, 4 min ago; Bitget: live order book, 5 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 RH live order book, 4 min ago	1.81 bp	2.1 bp −$2	7.0 bp −$70	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.52 bp	8.8 bp −$9	15.4 bp −$154	32.9 bp −$3,292	51.6 bp −$25.8K

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	−0.0214%	4h	193.23	+0.094%	$583K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0002%	1h	193.15	+0.051%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.82	−0.119%	$248K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.17	+0.060%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.16	+0.055%	$212.0M	$382.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.22	+0.088%	$15.7M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.28	+0.119%	$46.9M	$67.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.16	+0.057%	$25.9M	$18.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.27	+0.116%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	193.46	+0.212%	$708	$6.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	193.16	+0.057%	$47K	$268K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.10	+0.026%	$160K	$386K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.95	−0.052%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.17	+0.062%	$1.2M	$4.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.05	0.000%	$1.0M	$674K	10x	as long as short
Lighter RH SKHYlong	+0.0032%	1h	193.05	long leg	$1.1M	$1.5M	10x
Arcus SKHY-USD	+0.0040%	1h	193.12	+0.036%	$57K	$153K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.14	+0.047%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.16	+0.057%	$197K	$256K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.08	+0.016%	$190K	$454K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	+0.109%	$555K	$1.7M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0065%	1h	193.09	+0.021%	$164.9M	$64.9M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	192.17	−0.456%	$117K	$795K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.01	−0.021%	$1.1M	$277K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.17	+0.062%	$2K	$4K	10x	as long as short
SoDEX SKHY-USD	+0.0110%	1h	193.03	−0.010%	$43K	$13K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.29	+0.124%	$2.2M	$446K	50x	as long as short
Bitget SKHYUSDTshort	+0.0213%	8h	193.21	+0.083%	$25.7M	$26.5M	20x
Phoenix SKHY	+0.0335%	1h	192.76	−0.150%	$217K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0479%	8h	193.36	+0.159%	$23K	$195K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	193.22	+0.091%	$51K	$22K	20x	as long as short