Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h −0.018%
Price spread now: Deribit against Lighter RH+0.054%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 4 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.054%, 7d avg +0.091%
=Together, before fees−0.003%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.038% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.091%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 186.51 | 0.0032 | pay 0.0004% / 1h | 32m 19s | $1.1M | $1.5M | 10x |
| Short | Deribit SKHY_USDC-PERPETUAL | 186.61 | −0.0071 | pay 0.0009% / 1h | 32m 19s | $49K | $347K | 10x |
Lighter RH SKHY
Deribit SKHY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21.72
- Price spread: +0.054% → +0.091%
- −$3.77
- Slippage, 4 orders
- −$24.77
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.26
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, just now; Deribit: live order book, 6 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, just now | 1.34 bp | 1.7 bp −$2 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 6 min ago | 6.70 bp | 10.2 bp −$10 | 15.6 bp −$156 | 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 | −0.1265% | 8h | 186.75 | +0.129% | $25.4M | $33.1M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0749% | 4h | 186.53 | +0.012% | $562K | $291K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.66 | +0.081% | $48K | $21K | 20x | as long as short |
| tradeXYZ xyz:SKHY | −0.0216% | 1h | 186.56 | +0.027% | $158.5M | $76.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0172% | 1h | 186.72 | +0.115% | $33K | $28K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0128% | 1h | 186.65 | +0.075% | $204K | $288K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0124% | 1h | 186.56 | +0.027% | $180K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.574% | $68K | $905K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALshort | −0.0071% | 1h | 186.61 | +0.054% | $49K | $347K | 10x | |
| QFEX SKHY-USD | −0.0061% | 1h | 186.65 | +0.075% | $1.2M | $4.3M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKHYUSDTM | −0.0037% | 8h | 186.59 | +0.043% | $1.1M | $328K | 20x | as long as short |
| Lighter SKHY | −0.0008% | 1h | 186.53 | +0.011% | $974K | $1.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.70 | +0.103% | $223K | $925K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.53 | +0.011% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.56 | +0.027% | $200.6M | $450.6M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.60 | +0.048% | $16.7M | $29.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.56 | +0.027% | $44.7M | $79.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.54 | +0.016% | $25.5M | $21.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.58 | +0.037% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.63 | +0.064% | $22K | $233K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.79 | +0.150% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.45 | −0.032% | $155K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.55 | +0.021% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0019% | 1h | 186.60 | +0.048% | $521K | $2.6M | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 186.51 | long leg | $1.1M | $1.5M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 186.62 | +0.059% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.65 | +0.075% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.51 | 0.000% | $41K | $12K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.58 | +0.038% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.65 | +0.075% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.78 | +0.145% | $209K | $123K | 10x | as long as short |
KuCoin SKHYUSDTM
Lighter SKHY
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
Ondo Perps SKHY-USD.P
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY