SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.011%

Price spread now: Bullet against Lighter−0.049%7-day average −0.012% · 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−$18as in the Price arb table

costs, in and out, $10k−$140.145% of the position

Long on Lighter Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.049%, 7d avg −0.012%

Together, before fees−0.072%+ Points / potential airdropLighter: Season 3 · farm board−$7 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 Bullet is 0.037% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,772.1	0.0032	pay 0.0004% / 1h	20m 18s	$1.7M	$15.8M	20x
Short	Bullet SNDK-USD	1,771.2	0	get 0.0000% / 1h	20m 18s	$14K	$287K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Lighter. 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 LighterbpFee BulletbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$6.72
Price spread: −0.049% → −0.012%: −$3.72
Slippage, 4 orders: −$6.49
Fee Lighter: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$24.93
Costs to cover: 0.145%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Bullet: live order book, 34 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 Lighter live order book, 3 min ago	0.68 bp	1.2 bp −$1	2.0 bp −$20	16.7 bp −$1,669	doesn't fit
Sell Bullet live order book, 34 min ago	0.56 bp	6.4 bp −$6	20.3 bp −$203	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	1,772.9	+0.047%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0060%	1h	1,772.5	+0.023%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,771.5	−0.035%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0022%	1h	1,772.2	+0.008%	$349K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,771.5	−0.033%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.112%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.7	−0.019%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.2	−0.050%	$280.7M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.4	−0.038%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.7	−0.078%	$82.1M	$825.9M	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	1,771.8	−0.017%	$136K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,770.8	−0.074%	$176.6M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771	−0.060%	$44.3M	$162.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.3	+0.070%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	−0.049%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.4	−0.095%	$276K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,771.2	−0.049%	$14K	$287K	10x
SunX SNDK-USDT	0.0000%	8h	1,771	−0.064%	$700	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.2	−0.050%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.6	−0.085%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771.4	−0.038%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,773.3	+0.071%	$660	$38K	5x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,772.1	long leg	$1.7M	$15.8M	20x
Lighter RH SNDK	+0.0032%	1h	1,771.4	−0.040%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.9	−0.069%	$436K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.573%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.8	−0.017%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0045%	1h	1,768.9	−0.181%	—	$578K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.3	−0.045%	$244K	$652K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.4	−0.041%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.2	−0.050%	$117.2M	$152.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.9	−0.067%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.1	−0.055%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.2	+0.063%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.5	−0.087%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.8	−0.017%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.9	−0.011%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.6	−0.082%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,771.3	−0.046%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0143%	4h	1,770.7	−0.076%	$562K	$352K	10x	as long as short