SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.012%

Price spread now: Lighter against Bullet+0.059%7-day average +0.012% · 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−$12as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Bullet Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.059%, 7d avg +0.012%

Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.047% dearer against Bullet than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SNDK-USD	1,762.8	0	get 0.0000% / 1h	49m 44s	$14K	$286K	10x
Short	Lighter SNDK	1,763.8	0.0080	get 0.0010% / 1h	49m 44s	$1.8M	$16.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bullet. 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 BulletbpFee LighterbpOrdersPrice spread, now +0.059%Rate

Funding earned: $16.8
Price spread: +0.059% → +0.012%: $4.74
Slippage, 4 orders: −$9.18
Fee Bullet: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.36
Costs to cover: 0.172%
Break-even: 5.2 days

Slippage from Bullet: live order book, 59 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 Bullet live order book, 59 min ago	1.70 bp	7.3 bp −$7	21.3 bp −$213	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.79 bp	0.8 bp −$1	1.3 bp −$13	29.3 bp −$2,932	doesn't fit

SNDK on 40 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 SNDKUSDT	−0.0251%	8h	1,763.3	+0.026%	$47.4M	$165.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.4	−0.020%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0013%	8h	1,763.1	+0.016%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.1	+0.017%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.9	+0.061%	$21.5M	$33.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763	+0.014%	$280.0M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.2	+0.025%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.3	+0.029%	$82.5M	$835.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.1	+0.072%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.9	+0.005%	$176.7M	$230.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,762.2	−0.034%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.6	−0.010%	$12K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	−0.090%	$274K	$193K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,762.8	long leg	$14K	$286K	10x
SunX SNDK-USDT	0.0000%	8h	1,762.7	−0.006%	$841	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.3	+0.029%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.7	−0.007%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.8	+0.058%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,763.1	+0.020%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.2	−0.150%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.2	+0.022%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.6	−0.014%	$496K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.108%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.3	−0.085%	$254K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,761.5	−0.075%	$327K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.7	−0.005%	$243K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.7	−0.005%	$118.7M	$158.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	−0.022%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.7	−0.062%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.3	−0.029%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.8	−0.001%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763	+0.012%	$1.4M	$5.1M	5x	as long as short
Lighter SNDKshort	+0.0080%	1h	1,763.8	+0.059%	$1.8M	$16.2M	20x
Aevo SNDK-PERP	+0.0080%	1h	1,762.8	−0.002%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.8	+0.001%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	−0.020%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	−0.018%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.194%	$432K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0148%	4h	1,761.1	−0.095%	$559K	$352K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.4	+0.033%	$127K	$347K	20x	as long as short