Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.021%

Price spread now: Lighter RH against Orderly+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.065% dearer against Orderly than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHY_USDC_mythos	184.76	0.0100	pay 0.0100% / 8h	7h 19m	$2K	$4K	10x
Short	Lighter RH SKHY	184.88	0.0032	get 0.0004% / 1h	19m 46s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Lighter RHbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$14.28
Price spread: +0.065% → 0.000%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.79
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 3 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 3 min ago	1.90 bp	2.5 bp −$2	12.1 bp −$121	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1152%	8h	185.07	+0.168%	$25.5M	$35.2M	20x	as long as short
KuCoin SKHYUSDTM	−0.0246%	8h	184.74	−0.011%	$1.1M	$376K	20x	as long as short
edgeX SKHYUSDC	−0.0224%	4h	184.38	−0.203%	$556K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0198%	8h	184.46	−0.162%	$22K	$246K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0051%	1h	184.92	+0.087%	$156.7M	$78.0M	10x	as long as short
Extended SKHY-USD	−0.0048%	1h	184.82	+0.032%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0041%	8h	184.95	+0.103%	$196.1M	$465.0M	50x	as long as short
Nado SKHY-PERP	−0.0032%	1h	184.88	+0.064%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.84	+0.043%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0022%	8h	184.84	+0.042%	$1.6M	$1.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	184.71	−0.026%	$265K	$951K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	184.96	+0.108%	$16.0M	$33.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.92	+0.087%	$43.8M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.96	+0.108%	$25.5M	$21.8M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	185.08	+0.173%	$677	$5.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	184.94	+0.097%	$47K	$354K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	184.72	−0.022%	$153K	$375K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.88	+0.065%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	183.79	−0.525%	$66K	$750K	10x	as long as short
Lighter SKHY	+0.0032%	1h	184.94	+0.097%	$983K	$1.3M	10x	as long as short
Lighter RH SKHYshort	+0.0032%	1h	184.88	+0.065%	$1.1M	$1.5M	10x
Ondo Perps SKHY-USD.P	+0.0039%	1h	184.81	+0.027%	$510K	$2.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.70	−0.032%	$59K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.74	−0.011%	—	$38K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.80	+0.022%	$199K	$295K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.75	−0.005%	$179K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.76	0.000%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0067%	8h	184.83	+0.038%	$2.1M	$446K	50x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	184.76	long leg	$2K	$4K	10x
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.94	+0.099%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	184.57	−0.103%	$207K	$123K	10x	as long as short