Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against tradeXYZ−0.016%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.016%, 7d avg −0.034%
=Together, before fees+0.052%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, 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 | tradeXYZ xyz:SKHY | 193.18 | 0.0050 | pay 0.0006% / 1h | 0m 19s | $161.6M | $67.6M | 10x |
| Short | Lighter SKHY | 193.15 | 0.0032 | get 0.0004% / 1h | 0m 19s | $1.0M | $696K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$3.78
- Price spread: −0.016% → −0.034%
- $1.87
- Slippage, 4 orders
- −$1.75
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.66
- Costs to cover
- 0.198%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Lighter: live order book, just now.
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 tradeXYZ live order book, 10 min ago | 0.26 bp | 9.3 bp −$9 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Lighter live order book, just now | 0.52 bp | 0.7 bp −$1 | 2.4 bp −$24 | 223.2 bp −$22.3K | 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 | −0.0876% | 4h | 193.20 | +0.010% | $582K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0032% | 1h | 192.90 | −0.145% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.24 | +0.030% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.22 | +0.020% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.29 | +0.057% | $205.1M | $392.7M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.30 | +0.062% | $15.8M | $27.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.27 | +0.047% | $46.7M | $70.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.25 | +0.036% | $25.8M | $19.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.28 | +0.049% | $1.6M | $1.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.24 | +0.031% | $23K | $199K | 10x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.59 | +0.212% | $709 | $6.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.13 | −0.026% | $161K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.31 | +0.067% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 193.20 | +0.010% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHYshort | +0.0032% | 1h | 193.15 | −0.016% | $1.0M | $696K | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 193.14 | −0.021% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.19 | +0.005% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.23 | +0.026% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.29 | +0.057% | $201K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHYlong | +0.0050% | 1h | 193.18 | long leg | $161.6M | $67.6M | 10x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.19 | +0.005% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.26 | +0.041% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | +0.041% | $575K | $2.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.22 | +0.021% | $1.1M | $297K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.27 | +0.047% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.34 | +0.083% | $2.2M | $438K | 50x | as long as short |
| Nado SKHY-PERP | +0.0171% | 1h | 193.26 | +0.040% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0201% | 8h | 193.33 | +0.078% | $25.4M | $26.8M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0268% | 1h | 193.32 | +0.072% | $49K | $306K | 10x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 193.40 | +0.114% | $217K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0545% | 1h | 193.39 | +0.108% | $51K | $17K | 20x | as long as short |
tradeXYZ xyz:SKHY
Lighter SKHY
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_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
BloFin SKHY-USDT
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY
Kraken Futures PF_SKHYUSD