Funding you earn now, next payment 05:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.003%
Price spread now: Coinbase International against Lighter RH−0.340%7-day average +0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.340%, 7d avg +0.194%
=Together, before fees+0.338%+ Points / potential airdropLighter RH: Points live · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.534% cheaper against Lighter RH than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +0.194%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 187.96 | 0.0032 | pay 0.0004% / 1h | 7m 37s | $1.1M | $1.6M | 10x |
| Short | Coinbase International SKHY-PERP-INTX | 187.32 | −0.0024 | pay 0.0003% / 1h | 7m 37s | $61K | $897K | 10x |
Lighter RH SKHY
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.76
- Price spread: −0.340% → +0.194%
- −$53.41
- Slippage, 4 orders
- −$24.15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$99.32
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 5 min ago; Coinbase International: live order book, 41 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, 5 min ago | 1.07 bp | 2.6 bp −$3 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 41 min ago | 9.81 bp | 14.8 bp −$15 | 17.7 bp −$177 | 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 | −0.1179% | 8h | 188.04 | +0.043% | $25.2M | $31.4M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0388% | 1h | 187.92 | −0.021% | $48K | $336K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0375% | 4h | 187.52 | −0.233% | $565K | $290K | 10x | as long as short |
| Nado SKHY-PERP | −0.0146% | 1h | 188.00 | +0.023% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0119% | 1h | 188.01 | +0.027% | $159.5M | $74.1M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0095% | 1h | 187.78 | −0.096% | $181K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0024% | 1h | 187.32 | −0.340% | $61K | $897K | 10x | |
| QFEX SKHY-USD | −0.0014% | 1h | 188.06 | +0.053% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | −0.0008% | 1h | 188.01 | +0.027% | $931K | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0006% | 1h | 187.65 | −0.165% | $516K | $2.6M | 10x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
edgeX SKHYUSDC
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
QFEX SKHY-USD
Lighter SKHY
Ondo Perps SKHY-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 188.10 | +0.073% | $229K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.99 | +0.018% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.09 | +0.069% | $201.8M | $434.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.16 | +0.106% | $16.0M | $30.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.14 | +0.096% | $44.8M | $77.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.03 | +0.037% | $25.4M | $20.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.51 | −0.238% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.67 | −0.157% | $22K | $223K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.10 | +0.074% | $688 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.71 | −0.133% | $156K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.88 | −0.043% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0024% | 1h | 188.12 | +0.085% | $197K | $273K | 20x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 187.96 | long leg | $1.1M | $1.6M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 187.64 | −0.170% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.94 | −0.011% | — | $12K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.80 | −0.085% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.01 | +0.027% | $1.1M | $323K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.91 | −0.027% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.68 | −0.149% | $2.1M | $416K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 188.02 | +0.032% | $211K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0260% | 1h | 187.95 | −0.008% | $47K | $19K | 20x | as long as short |
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Popdex SKHYUSDT
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD