Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Popdex against Lighter RH+0.021%7-day average +0.082% · 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−$21as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 4 days (all we have)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.021%, 7d avg +0.082%
=Together, before fees+0.149%+ Points / potential airdropLighter RH: Points live · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Popdex is 0.061% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.082%). If the spread goes back, that is −$6 on $10k: about 13 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SKHY | 193.08 | 0.0032 | pay 0.0004% / 1h | 34m 10s | $1.1M | $1.6M | 10x |
| Short | Popdex SKHYUSDT | 193.12 | 0.0048 | get 0.0006% / 1h | 34m 10s | $201K | $255K | 20x |
Lighter RH SKHY
Popdex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $3.36
- Price spread: +0.021% → +0.082%
- −$6.11
- Slippage, 4 orders
- −$8.82
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$17.97
- Costs to cover
- 0.152%
- Break-even
- 44.4 days
Slippage from Lighter RH: live order book, 4 min ago; Popdex: live order book, 25 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 | 1.04 bp | 1.6 bp −$2 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 25 min ago | 1.55 bp | 5.7 bp −$6 | 7.9 bp −$79 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0308% | 4h | 193.10 | +0.013% | $582K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.124% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.11 | +0.015% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.10 | +0.009% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.19 | +0.056% | $204.4M | $392.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.20 | +0.062% | $15.7M | $27.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.21 | +0.067% | $46.7M | $69.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.16 | +0.041% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.08 | +0.001% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.12 | +0.021% | $23K | $201K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.40 | +0.166% | $708 | $6.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.05 | −0.016% | $161K | $367K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.23 | +0.078% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0015% | 1h | 193.07 | −0.005% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.07 | −0.005% | $1.0M | $686K | 10x | as long as short |
| Lighter RH SKHYlong | +0.0032% | 1h | 193.08 | long leg | $1.1M | $1.6M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 193.04 | −0.021% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.07 | −0.005% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDTshort | +0.0048% | 1h | 193.12 | +0.021% | $201K | $255K | 20x | |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.10 | +0.010% | $161.5M | $67.7M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.02 | −0.031% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.13 | +0.026% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.06 | −0.010% | $574K | $2.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.07 | −0.005% | $1.1M | $305K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.13 | +0.026% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.10 | +0.010% | $2.2M | $437K | 50x | as long as short |
| Nado SKHY-PERP | +0.0138% | 1h | 193.09 | +0.004% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0158% | 8h | 193.15 | +0.036% | $25.3M | $26.9M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0216% | 1h | 193.20 | +0.062% | $49K | $316K | 10x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.09 | +0.005% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1057% | 1h | 193.22 | +0.075% | $49K | $19K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Nado SKHY-PERP
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY
Kraken Futures PF_SKHYUSD