Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Lighter RH−0.005%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days−0.094%−$9 · spread now −0.005%, 7d avg +0.017%
=Together, before fees−0.085%+ Points / potential airdropLighter RH: Points live · farm board−$9 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 Polymarket Perps is 0.023% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 186.09 | 0.0032 | pay 0.0004% / 1h | 3m 32s | $1.1M | $1.5M | 10x |
| Short | Polymarket Perps SKHY-USD | 186.08 | −0.0038 | pay 0.0005% / 1h | 3m 32s | $180K | $486K | 10x |
Lighter RH SKHY
Polymarket Perps SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$14.75
- Price spread: −0.005% → +0.017%
- −$2.28
- Slippage, 4 orders
- −$8.62
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$33.65
- Costs to cover
- 0.166%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Polymarket Perps: live order book, 34 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 | 1.61 bp | 2.2 bp −$2 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 34 min ago | 2.14 bp | 6.1 bp −$6 | 6.6 bp −$66 | 10.6 bp −$1,055 | 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 | −0.1248% | 8h | 186.35 | +0.140% | $25.5M | $33.5M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0562% | 4h | 186.21 | +0.064% | $561K | $290K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.55 | +0.247% | $48K | $21K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0179% | 1h | 186.21 | +0.064% | $49K | $348K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0126% | 1h | 186.12 | +0.016% | $158.0M | $76.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0114% | 1h | 186.24 | +0.078% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.801% | $68K | $788K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0066% | 8h | 186.14 | +0.027% | $1.1M | $352K | 20x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.15 | +0.032% | $1.2M | $4.3M | 10x | as long as short |
| Polymarket Perps SKHY-USDshort | −0.0038% | 1h | 186.08 | −0.005% | $180K | $486K | 10x |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
QFEX SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 186.27 | +0.095% | $225K | $899K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.07 | −0.008% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.14 | +0.027% | $199.7M | $453.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.10 | +0.005% | $16.0M | $30.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.11 | +0.011% | $44.4M | $80.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.09 | 0.000% | $25.5M | $21.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.18 | +0.048% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.23 | +0.073% | $22K | $239K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.45 | +0.193% | $682 | $6.0M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.07 | −0.011% | $154K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.16 | +0.038% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 186.17 | +0.043% | $204K | $287K | 20x | as long as short |
| Lighter SKHY | +0.0016% | 1h | 186.12 | +0.016% | $972K | $1.2M | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 186.09 | long leg | $1.1M | $1.5M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 186.14 | +0.027% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.16 | +0.038% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.17 | +0.043% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 186.21 | +0.064% | $520K | $2.6M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.21 | +0.064% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.19 | +0.054% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.38 | +0.156% | $209K | $123K | 10x | 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
Lighter SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY