Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against Entropy−0.124%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 7 days+0.201%+$20 · spread now −0.124%, 7d avg +0.045%
=Together, before fees+0.330%+ Points / potential airdropLighter: Season 3 · farm board+$33 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 is 0.169% cheaper against Entropy than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.129%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:SNDK | 1,745.7 | 0.0050 | pay 0.0006% / 1h | 30m 33s | $4.5M | $19.5M | 10x |
| Short | Lighter SNDK | 1,743.5 | 0.0032 | get 0.0004% / 1h | 30m 33s | $1.7M | $16.4M | 20x |
Entropy io:SNDK
Lighter SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Entropy. 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: −0.124% → +0.045%
- −$16.89
- Slippage, 4 orders
- −$5.88
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$44.55
- Costs to cover
- 0.239%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 5 min ago; Lighter: live order book, 8 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 Entropy live order book, 5 min ago | 0.29 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 1.20 bp | 1.2 bp −$1 | 2.3 bp −$23 | 40.2 bp −$4,017 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | −0.0530% | 8h | 1,749.5 | +0.220% | $21K | $2.2M | 10x | as long as short |
| HTX SNDK-USDT | −0.0345% | 8h | 1,745.9 | +0.011% | $1.4M | $10.6M | 50x | as long as short |
| Bitget SNDKUSDT | −0.0241% | 8h | 1,743 | −0.156% | $49.6M | $167.7M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,745.1 | −0.033% | $4.0M | $4.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0066% | 1h | 1,744.9 | −0.048% | $330K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0048% | 8h | 1,744.8 | −0.051% | $6.0M | $22.6M | 20x | as long as short |
| QFEX SNDK-USD | −0.0002% | 1h | 1,742.7 | −0.171% | $1.4M | $9.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,743.9 | −0.102% | $21.2M | $32.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,743.5 | −0.128% | $279.1M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,743.1 | −0.151% | $31.7M | $104.7M | 100x | as long as short |
GRVT SNDK_USDT_Perp
HTX SNDK-USDT
Bitget SNDKUSDT
BloFin SNDK-USDT
Nado SNDK-PERP
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,742.4 | −0.189% | $81.5M | $821.1M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,744.4 | −0.072% | $135K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,743.3 | −0.137% | $178.0M | $218.9M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,746.4 | +0.040% | $2.5M | $4.8M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,749 | +0.189% | $272K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,745.5 | −0.011% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,746.1 | +0.022% | $860 | $3.3M | 20x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,746.2 | +0.029% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0006% | 1h | 1,743.2 | −0.141% | — | $580K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,748.9 | +0.183% | $765 | $38K | 5x | as long as short |
| Lighter SNDKshort | +0.0032% | 1h | 1,743.5 | −0.124% | $1.7M | $16.4M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,742.9 | −0.162% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,742.6 | −0.176% | $444K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +3.108% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,742.4 | −0.187% | $249K | $1.4M | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0047% | 8h | 1,742.5 | −0.183% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,743 | −0.155% | $240K | $657K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,742.7 | −0.172% | $118.2M | $159.1M | 10x | as long as short |
| Entropy io:SNDKlong | +0.0050% | 1h | 1,745.7 | long leg | $4.5M | $19.5M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,746 | +0.017% | $183K | $127K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,744.7 | −0.060% | $713K | $521K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,744.7 | −0.057% | $1.3M | $5.2M | 5x | as long as short |
| edgeX SNDKUSDC | +0.0076% | 4h | 1,747.8 | +0.118% | $555K | $351K | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,744.4 | −0.075% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,743.5 | −0.128% | $195K | $310K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,748.4 | +0.155% | $67K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,745.4 | −0.016% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,746.7 | +0.060% | $427K | $2.1M | 10x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | +0.0192% | 1h | 1,744.8 | −0.053% | $50K | $360K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0286% | 1h | 1,745.6 | −0.009% | $127K | $346K | 20x | as long as short |
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDK
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Paradex SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
edgeX SNDKUSDC
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
Deribit SNDK_USDC-PERPETUAL
Kraken Futures PF_SNDKUSD