Funding you earn now, next payment 10:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter against QFEX+0.005%52s7-day average −0.043% · 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—prices read too far apart to compare
costs, in and out, $10k−$230.235% of the position
Funding, last 4 days (all we have)+0.035%+$4 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now +0.005%, 7d avg −0.043%
=Together, before fees+0.020%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.049% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SKHY-USD | 188.17 | −0.0005 | get 0.0001% / 1h | 59m 37s | $1.2M | $4.3M | 10x |
| Short | Lighter SKHY | 188.18 | 0.0032 | get 0.0004% / 1h | 59m 37s | $993K | $1.4M | 10x |
QFEX SKHY-USD
Lighter SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $7.74
- Price spread: +0.005% → −0.043%
- $4.87
- Slippage, 4 orders
- −$13.48
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.86
- Costs to cover
- 0.235%
- Break-even
- 16.8 days
Slippage from QFEX: live order book, 7 min ago; Lighter: 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 QFEX live order book, 7 min ago | 1.33 bp | 6.3 bp −$6 | 7.3 bp −$73 | 19.4 bp −$1,944 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.27 bp | 1.7 bp −$2 | 7.0 bp −$70 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.0629% | 8h | 188.12 | −0.027% | $26.0M | $36.3M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0281% | 1h | 188.20 | +0.016% | $26K | $445K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0235% | 4h | 187.79 | −0.202% | $566K | $287K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0235% | 1h | 188.15 | −0.011% | $158.8M | $78.0M | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0116% | 8h | 188.17 | 0.000% | $1.1M | $462K | 20x | as long as short |
| Nado SKHY-PERP | −0.0030% | 1h | 188.36 | +0.102% | $33K | $28K | 10x | as long as short |
| QFEX SKHY-USDlong | −0.0005% | 1h | 188.17 | long leg | $1.2M | $4.3M | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 188.19 | +0.008% | $264K | $912K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.04 | −0.069% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.15 | −0.012% | $198.6M | $472.7M | 50x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
KuCoin SKHYUSDTM
Nado SKHY-PERP
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKHYUSDT | 0.0000% | 8h | 188.08 | −0.048% | $16.3M | $34.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.02 | −0.080% | $44.6M | $85.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.99 | −0.096% | $25.3M | $21.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.03 | −0.074% | $1.5M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.07 | −0.052% | $22K | $246K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.50 | +0.175% | $690 | $5.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.18 | +0.005% | $156K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.20 | +0.016% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0020% | 1h | 187.84 | −0.175% | $524K | $2.5M | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 188.18 | +0.005% | $993K | $1.4M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 187.95 | −0.117% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.97 | −0.106% | $60K | $132K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.25 | +0.043% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.20 | +0.016% | $203K | $307K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.17 | 0.000% | $183K | $352K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.18 | +0.005% | $42K | $12K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0056% | 1h | 186.08 | −1.111% | $110K | $772K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.22 | +0.027% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.16 | −0.005% | $2.2M | $461K | 50x | as long as short |
| Phoenix SKHY | +0.0257% | 1h | 188.11 | −0.032% | $211K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0748% | 1h | 188.18 | +0.007% | $51K | $36K | 20x | as long as short |
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Ondo Perps SKHY-USD.P
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Coinbase International SKHY-PERP-INTX
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD