Funding you earn now, next payment 09:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.010%
Price spread now: Phemex against Lighter RH−0.043%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.043%, 7d avg +0.079%
=Together, before fees+0.077%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.122% cheaper against Lighter RH than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 185.89 | 0.0008 | pay 0.0001% / 1h | 59m 07s | $1.1M | $1.5M | 10x |
| Short | Phemex SKHYUSDT | 185.81 | 0 | get 0.0000% / 8h | 7h 59m | $1.5M | $1.1M | 10x |
Lighter RH SKHY
Phemex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$1.68
- Price spread: −0.043% → +0.079%
- −$12.16
- Slippage, 4 orders
- −$86.73
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$112.57
- Costs to cover
- 0.987%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Phemex: live order book, 4 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 | 2.15 bp | 2.9 bp −$3 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.22 bp | 42.7 bp −$43 | doesn't fit | 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 | −0.1254% | 8h | 186.18 | +0.156% | $25.5M | $33.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0509% | 4h | 186.11 | +0.118% | $561K | $291K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0467% | 1h | 185.88 | −0.005% | $157.9M | $77.0M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0448% | 1h | 185.98 | +0.048% | $49K | $349K | 10x | as long as short |
| HTX SKHY-USDT | −0.0211% | 8h | 185.85 | −0.022% | $154K | $363K | 50x | as long as short |
| Lighter SKHY | −0.0176% | 1h | 185.95 | +0.032% | $969K | $1.2M | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0080% | 8h | 186.01 | +0.065% | $1.1M | $353K | 20x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.03 | +0.075% | $1.2M | $4.3M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0030% | 1h | 185.94 | +0.027% | $520K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 185.96 | +0.037% | $224K | $900K | 50x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Lighter SKHY
KuCoin SKHYUSDTM
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 185.90 | +0.005% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.00 | +0.059% | $199.7M | $454.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 185.89 | 0.000% | $16.4M | $31.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 185.90 | +0.005% | $44.3M | $80.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 185.85 | −0.022% | $25.5M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.05 | +0.086% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.06 | +0.090% | $22K | $240K | 10x | as long as short |
| Nado SKHY-PERP | 0.0000% | 1h | 186.15 | +0.139% | $33K | $28K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.36 | +0.253% | $682 | $6.0M | 10x | as long as short |
| Phemex SKHYUSDTshort | 0.0000% | 8h | 185.81 | −0.043% | $1.5M | $1.1M | 10x | |
| Lighter RH SKHYlong | +0.0008% | 1h | 185.89 | long leg | $1.1M | $1.5M | 10x | |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 187.58 | +0.909% | $68K | $788K | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.01 | +0.065% | $60K | $170K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.06 | +0.091% | — | $32K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 185.90 | +0.005% | $204K | $286K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 186.20 | +0.167% | $180K | $486K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 185.86 | −0.016% | $41K | $12K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.02 | +0.070% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 185.93 | +0.022% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.35 | +0.247% | $209K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0170% | 1h | 186.28 | +0.209% | $48K | $21K | 20x | as long as short |
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
Nado SKHY-PERP
SunX SKHY-USDT
Coinbase International SKHY-PERP-INTX
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD