SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.057%

Price spread now: Lighter against Kraken Futures+0.032%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.663%−$66 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.032%, 7d avg +0.004%

Together, before fees−0.665%+ Points / potential airdropLighter: Season 3 · farm board−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.028% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.004%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.5 days. At the pace of the last 7 days (−0.663% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,789.8	0.0044	pay 0.0006% / 1h	38m 28s	$130K	$352K	20x
Short	Lighter SNDK	1,790.4	0.0032	get 0.0004% / 1h	38m 28s	$1.7M	$15.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$2.6
Price spread: +0.032% → +0.004%: $2.8
Slippage, 4 orders: −$27.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.06
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 19 min ago; Lighter: 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 Kraken Futures live order book, 19 min ago	2.51 bp	13.3 bp −$13	47.1 bp −$471	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.70 bp	0.7 bp −$1	1.1 bp −$11	5.3 bp −$533	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	1,789.4	−0.026%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0107%	1h	1,789.2	−0.035%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.3	+0.026%	$311K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.4	−0.023%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.9	−0.051%	$1.5M	$13.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.230%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.5	−0.016%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.4	−0.023%	$287.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.7	−0.006%	$32.6M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	−0.046%	$84.9M	$826.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,790.3	+0.030%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.1	−0.040%	$180.1M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.2	−0.037%	$43.8M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	−0.004%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790	+0.012%	$20K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.4	−0.023%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.099%	$753	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.8	−0.001%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.6	−0.070%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.2	−0.037%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.4	−0.026%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0014%	8h	1,788.3	−0.088%	$6.1M	$22.3M	20x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,790.4	+0.032%	$1.7M	$15.7M	20x
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.006%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.3	−0.030%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.567%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.166%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0044%	1h	1,789.8	long leg	$130K	$352K	20x
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	−0.042%	—	$581K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0046%	1h	1,789.3	−0.029%	$115.2M	$146.2M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.4	−0.023%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.4	−0.026%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	−0.057%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.2	−0.037%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.1	−0.040%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789	−0.047%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0083%	4h	1,789.1	−0.041%	$568K	$351K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.2	−0.033%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.4	+0.035%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.6	−0.070%	$8K	$3K	20x	as long as short