Funding you earn now, next payment 22:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter RH against Coinbase International−0.079%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.079%, 7d avg +0.002%
=Together, before fees−0.005%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.081% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,773.3 | 0.0056 | pay 0.0007% / 1h | 48m 49s | $438K | $2.4M | 10x |
| Short | Lighter RH SNDK | 1,771.9 | 0.0032 | get 0.0004% / 1h | 48m 49s | $1.4M | $10.2M | 10x |
Coinbase International SNDK-PERP-INTX
Lighter RH SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$5.04
- Price spread: −0.079% → +0.002%
- −$8.06
- Slippage, 4 orders
- −$9.04
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$32.14
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago | 2.82 bp | 8.4 bp −$8 | 10.5 bp −$105 | 32.4 bp −$3,241 | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.13 bp | 1.3 bp −$1 | 2.5 bp −$25 | doesn't fit | 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 | 1,771.7 | −0.090% | $4.1M | $4.5M | 75x | as long as short |
| QFEX SNDK-USD | −0.0007% | 1h | 1,771.4 | −0.105% | $2.2M | $21.9M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,771.7 | −0.090% | $21.8M | $39.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,771.5 | −0.103% | $286.7M | $1.89B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,771.6 | −0.093% | $31.7M | $105.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,771.3 | −0.112% | $87.8M | $845.7M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771.6 | −0.098% | $183.3M | $241.2M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,771.7 | −0.090% | $49.6M | $171.0M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,771.6 | −0.094% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,771.6 | −0.094% | $20K | $1.0M | 10x | as long as short |
BloFin SNDK-USDT
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_PerpShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,771.8 | −0.084% | $276K | $195K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,771.5 | −0.101% | $13K | $294K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.1 | −0.123% | $1K | $4.0M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,771.8 | −0.082% | $49K | $239K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.3 | −0.110% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771.5 | −0.100% | $2.8M | $960K | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0007% | 1h | 1,771.8 | −0.085% | $725 | $37K | 5x | as long as short |
| RISEx SNDK/USDC | +0.0015% | 1h | 1,772.4 | −0.048% | $162K | $1.8M | 20x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,772.3 | −0.056% | $1.5M | $16.1M | 20x | as long as short |
| Lighter RH SNDKshort | +0.0032% | 1h | 1,771.9 | −0.079% | $1.4M | $10.2M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,771.2 | −0.117% | $410K | $1.8M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.504% | $36 | $15K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,771 | −0.127% | $282K | $1.7M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,770.8 | −0.143% | — | $670K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,771.5 | −0.101% | $244K | $672K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,771.5 | −0.101% | $112.6M | $152.1M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,770.6 | −0.152% | $4.5M | $20.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.2 | −0.118% | $196K | $90K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,771.6 | −0.096% | $724K | $550K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,771.3 | −0.112% | $1.4M | $4.8M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,771.2 | −0.116% | — | — | 5x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0056% | 1h | 1,773.3 | long leg | $438K | $2.4M | 10x | |
| Nado SNDK-PERP | +0.0063% | 1h | 1,771.5 | −0.099% | $309K | $1.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.3 | −0.115% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771.4 | −0.105% | $213K | $291K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,770.8 | −0.139% | $6.0M | $22.8M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,771.7 | −0.089% | $68K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,770.5 | −0.160% | $8K | $2K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0202% | 4h | 1,771.5 | −0.102% | $563K | $355K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0386% | 1h | 1,772.2 | −0.060% | $129K | $415K | 20x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
RISEx SNDK/USDC
Lighter SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
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
Nado SNDK-PERP
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD