Funding you earn now, next payment 11:00 UTC+0.0266%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h +0.077%
Price spread now: Phoenix against Lighter RH+0.294%7-day average +0.215% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 4 days (all we have)+0.422%+$42 · spread now +0.294%, 7d avg +0.215%
=Together, before fees+0.716%+ Points / potential airdropLighter RH: Points live · farm board+$72 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Lighter RH than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.215%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 187.34 | 0.0032 | pay 0.0004% / 1h | 49m 17s | $1.1M | $1.5M | 10x |
| Short | Phoenix SKHY | 187.89 | 0.0298 | get 0.0037% / 1h | 49m 17s | $210K | $123K | 10x |
Lighter RH SKHY
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $55.83
- Price spread: +0.294% → +0.215%
- $7.9
- Slippage, 4 orders
- −$17.76
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $38.98
- Costs to cover
- 0.248%
- Break-even
- 2.1 days
Slippage from Lighter RH: live order book, 2 min ago; Phoenix: live order book, 51 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, 2 min ago | 1.33 bp | 1.6 bp −$2 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 2.66 bp | 10.1 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
SKHY on 31 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SKHYUSD | −0.2063% | 1h | 187.14 | −0.109% | $50K | $36K | 20x | as long as short |
| Bitget SKHYUSDT | −0.0242% | 8h | 187.46 | +0.064% | $26.0M | $36.5M | 20x | as long as short |
| KuCoin SKHYUSDTM | −0.0210% | 8h | 187.42 | +0.043% | $1.1M | $519K | 20x | as long as short |
| edgeX SKHYUSDC | −0.0179% | 4h | 187.63 | +0.156% | $565K | $286K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0096% | 1h | 187.65 | +0.165% | $110K | $735K | 10x | as long as short |
| Nado SKHY-PERP | −0.0096% | 1h | 187.38 | +0.020% | $32K | $28K | 10x | as long as short |
| Extended SKHY-USD | −0.0024% | 1h | 187.36 | +0.008% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | −0.0021% | 8h | 187.49 | +0.080% | $197.4M | $473.3M | 50x | as long as short |
| tradeXYZ xyz:SKHY | −0.0019% | 1h | 187.44 | +0.053% | $158.3M | $77.2M | 10x | as long as short |
| QFEX SKHY-USD | −0.0013% | 1h | 187.38 | +0.021% | $1.2M | $4.2M | 10x | as long as short |
Kraken Futures PF_SKHYUSD
Bitget SKHYUSDT
KuCoin SKHYUSDTM
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Nado SKHY-PERP
Extended SKHY-USD
Binance SKHYUSDT
tradeXYZ xyz:SKHY
QFEX SKHY-USDShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SKHY | −0.0008% | 1h | 187.42 | +0.043% | $980K | $1.4M | 10x | as long as short |
| Variational Omni SKHY | −0.0001% | 8h | 187.67 | +0.174% | $1.5M | $948K | — | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 187.40 | +0.034% | $260K | $919K | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.39 | +0.027% | $16.4M | $34.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.34 | 0.000% | $44.5M | $85.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.29 | −0.027% | $25.3M | $21.3M | 75x | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.70 | +0.195% | $22K | $257K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.65 | +0.165% | $687 | $5.3M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 187.40 | +0.032% | $52K | $496K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.46 | +0.064% | $154K | $384K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.44 | +0.053% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 187.34 | long leg | $1.1M | $1.5M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 187.40 | +0.032% | $60K | $131K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.48 | +0.075% | — | $40K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 187.51 | +0.091% | $202K | $310K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 187.44 | +0.053% | $182K | $342K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.51 | +0.091% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 187.33 | −0.005% | $523K | $2.5M | 10x | as long as short |
| BloFin SKHY-USDT | +0.0099% | 8h | 187.41 | +0.037% | $2.2M | $493K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.34 | 0.000% | $2K | $4K | 10x | as long as short |
| Phoenix SKHYshort | +0.0298% | 1h | 187.89 | +0.294% | $210K | $123K | 10x |
Lighter SKHY
Variational Omni SKHY
Aster SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
BloFin SKHY-USDT
Orderly PERP_SKHY_USDC_mythos