Funding you earn now, next payment 05:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter RH against QFEX−0.063%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 4 days (all we have)+0.037%+$4 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now −0.063%, 7d avg −0.067%
=Together, before fees−0.028%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SKHY-USD | 189.98 | 0.0011 | pay 0.0001% / 1h | 38m 32s | $1.2M | $4.1M | 10x |
| Short | Lighter RH SKHY | 189.86 | 0.0032 | get 0.0004% / 1h | 38m 32s | $1.1M | $1.4M | 10x |
QFEX SKHY-USD
Lighter RH SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $4.42
- Price spread: −0.063% → −0.067%
- $0.39
- Slippage, 4 orders
- −$8.64
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$13.83
- Costs to cover
- 0.186%
- Break-even
- 28.9 days
Slippage from QFEX: live order book, 5 min ago; Lighter RH: 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, 5 min ago | 2.36 bp | 7.4 bp −$7 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.26 bp | 0.8 bp −$1 | 12.9 bp −$129 | 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 | −0.0799% | 4h | 190.46 | +0.251% | $574K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.505% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0001% | 1h | 189.87 | −0.058% | $158.8M | $69.1M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.01 | +0.016% | $247K | $893K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.91 | −0.039% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.96 | −0.011% | $199.6M | $404.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.93 | −0.026% | $15.3M | $28.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.96 | −0.011% | $45.3M | $72.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.95 | −0.016% | $25.6M | $19.5M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.97 | −0.005% | $24.3M | $28.4M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 190.47 | +0.259% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.25 | +0.141% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.22 | +0.126% | $696 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.93 | −0.026% | $48K | $326K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.82 | −0.084% | $158K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.86 | −0.063% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USDlong | +0.0011% | 1h | 189.98 | long leg | $1.2M | $4.1M | 10x | |
| Lighter SKHY | +0.0032% | 1h | 189.83 | −0.079% | $1.0M | $692K | 10x | as long as short |
| Lighter RH SKHYshort | +0.0032% | 1h | 189.86 | −0.063% | $1.1M | $1.4M | 10x | |
| Arcus SKHY-USD | +0.0040% | 1h | 190.21 | +0.121% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.02 | +0.021% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.96 | −0.011% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.90 | −0.042% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.86 | −0.063% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.99 | +0.005% | $563K | $2.7M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 189.99 | +0.005% | $1.1M | $320K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.89 | −0.047% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0104% | 1h | 190.04 | +0.034% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.85 | −0.068% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.44 | +0.242% | $213K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0690% | 1h | 189.98 | −0.002% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD