SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.026%

Price spread now: Lighter RH against Deribit−0.007%7-day average +0.018% · 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−$33as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Deribit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.007%, 7d avg +0.018%

Together, before fees+0.228%+ Points / potential airdropLighter RH: Points live · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.024% cheaper against Deribit than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.018%). If the spread goes back, that is −$2 on $10k: about 2.5 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.082% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,788.3	0	get 0.0000% / 1h	30m 39s	$51K	$338K	10x
Short	Lighter RH SNDK	1,788.2	0.0032	get 0.0004% / 1h	30m 39s	$1.4M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Deribit. 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 DeribitbpFee Lighter RHbpOrdersPrice spread, now −0.007%Rate

Funding earned: $6.72
Price spread: −0.007% → +0.018%: −$2.43
Slippage, 4 orders: −$23.65
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$26.36
Costs to cover: 0.307%
Break-even: 34.5 days

Slippage from Deribit: live order book, 33 min ago; Lighter RH: 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 Deribit live order book, 33 min ago	7.42 bp	11.3 bp −$11	14.3 bp −$143	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.31 bp	1.3 bp −$1	3.0 bp −$30	31.4 bp −$3,139	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	1,788	−0.016%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,787.1	−0.068%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0049%	1h	1,787.6	−0.040%	$4.9M	$20.2M	10x	as long as short
Nado SNDK-PERP	−0.0035%	1h	1,789	+0.039%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,787.9	−0.022%	$1.5M	$14.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.3	−0.003%	$21.8M	$37.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.8	−0.029%	$285.6M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788	−0.020%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787	−0.074%	$85.1M	$822.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,788.2	−0.010%	$170K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,787.3	−0.058%	$180.3M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.7	−0.090%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.9	−0.025%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788	−0.018%	$18K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,788.2	−0.006%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.1	−0.068%	$590	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,788.3	long leg	$51K	$338K	10x
HTX SNDK-USDT	0.0000%	8h	1,787.9	−0.023%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.4	+0.004%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.5	−0.043%	$665	$38K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.147%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.2	−0.007%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,788.2	−0.007%	$1.4M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.6	−0.040%	$470K	$1.7M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0033%	1h	1,787.6	−0.040%	$114.6M	$145.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.651%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.5	−0.101%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.1	−0.013%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.6	+0.016%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787.7	−0.035%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,787.9	−0.023%	$188K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.3	+0.001%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.7	−0.035%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,788.7	+0.021%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787.7	−0.032%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0088%	8h	1,787	−0.073%	$6.1M	$21.7M	20x	as long as short
Pacifica SNDK	+0.0094%	1h	1,787.6	−0.041%	$199K	$292K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.5	−0.045%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,787.8	−0.030%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0871%	4h	1,787.7	−0.032%	$568K	$353K	10x	as long as short