Funding you earn now, next payment 21:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against Coinbase International+0.054%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$160.163% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.054%, 7d avg −0.010%
=Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.063% dearer against Coinbase International than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,770.2 | 0.0040 | pay 0.0005% / 1h | 0m 10s | $434K | $2.4M | 10x |
| Short | Lighter SNDK | 1,771.1 | 0.0032 | get 0.0004% / 1h | 0m 10s | $1.5M | $16.5M | 20x |
Coinbase International SNDK-PERP-INTX
Lighter SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$1.68
- Price spread: +0.054% → −0.010%
- $6.35
- Slippage, 4 orders
- −$6.32
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.65
- Costs to cover
- 0.163%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Lighter: live order book, 3 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 Coinbase International live order book, 4 min ago | 1.44 bp | 8.2 bp −$8 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.54 bp | 0.5 bp −$1 | 1.6 bp −$16 | 30.9 bp −$3,095 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNDK-USDT | −0.0120% | 8h | 1,768.5 | −0.097% | $4.2M | $4.5M | 75x | as long as short |
| Arcus SNDK-USD | −0.0085% | 1h | 1,769.2 | −0.056% | $282K | $1.7M | 10x | as long as short |
| Phoenix SNDK | −0.0045% | 1h | 1,768.6 | −0.089% | $275K | $195K | 15x | as long as short |
| QFEX SNDK-USD | −0.0008% | 1h | 1,769.3 | −0.050% | $2.2M | $22.0M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,770.6 | +0.026% | $21.8M | $39.8M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,770.2 | +0.003% | $286.9M | $1.90B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,770.6 | +0.024% | $31.6M | $105.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,770.9 | +0.041% | $87.8M | $847.6M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,770.2 | +0.004% | $162K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,770.7 | +0.031% | $183.6M | $245.2M | 75x | as long as short |
BloFin SNDK-USDT
Arcus SNDK-USD
Phoenix SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | 0.0000% | 8h | 1,771 | +0.044% | $49.6M | $171.4M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,768.5 | −0.093% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,768.8 | −0.079% | $10K | $1.0M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,769.5 | −0.038% | $14K | $294K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,768 | −0.123% | $877 | $4.0M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,771.2 | +0.058% | $49K | $233K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,769.6 | −0.030% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771 | +0.044% | $2.8M | $952K | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0005% | 1h | 1,769.5 | −0.037% | $681 | $37K | 5x | as long as short |
| Lighter SNDKshort | +0.0032% | 1h | 1,771.1 | +0.054% | $1.5M | $16.5M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,770.8 | +0.036% | $1.4M | $10.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,770 | −0.012% | $410K | $1.8M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.683% | $36 | $19K | 12x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0040% | 1h | 1,770.2 | long leg | $434K | $2.4M | 10x | |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,768.1 | −0.119% | — | $670K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,769.8 | −0.021% | $244K | $679K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,770.6 | +0.024% | $112.1M | $151.9M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,768.5 | −0.094% | $4.5M | $20.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,769.7 | −0.027% | $196K | $185K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,769.2 | −0.057% | $723K | $550K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,769.4 | −0.043% | $1.4M | $4.8M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,769.1 | −0.058% | — | — | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0070% | 1h | 1,771.2 | +0.059% | $129K | $416K | 20x | as long as short |
| Nado SNDK-PERP | +0.0076% | 1h | 1,768.8 | −0.075% | $308K | $1.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,770.2 | +0.002% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,769.4 | −0.044% | $213K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,769.9 | −0.013% | $6.0M | $22.7M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,769.5 | −0.040% | $68K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,769.9 | −0.016% | $8K | $2K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0228% | 4h | 1,768.8 | −0.076% | $562K | $355K | 10x | as long as short |
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Kraken Futures PF_SNDKUSD
Nado SNDK-PERP
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC