Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.026%
Price spread now: Deribit against Lighter−0.035%7-day average −0.009% · 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−$300.300% of the position
Funding, last 4 days (all we have)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.035%, 7d avg −0.009%
=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 Deribit is 0.025% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,790.8 | 0.0032 | pay 0.0004% / 1h | 17m 26s | $1.7M | $15.8M | 20x |
| Short | Deribit SNDK_USDC-PERPETUAL | 1,790.2 | 0 | get 0.0000% / 1h | 17m 26s | $51K | $345K | 10x |
Lighter SNDK
Deribit SNDK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. 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
- −$6.72
- Price spread: −0.035% → −0.009%
- −$2.53
- Slippage, 4 orders
- −$23.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$39.26
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Deribit: live order book, 41 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, 6 min ago | 0.50 bp | 0.9 bp −$1 | 1.7 bp −$17 | 5.0 bp −$499 | doesn't fit |
| Sell Deribit live order book, 41 min ago | 6.34 bp | 14.6 bp −$15 | 18.2 bp −$182 | 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 | 1,789.8 | −0.058% | $4.0M | $4.4M | 75x | as long as short |
| Phoenix SNDK | −0.0089% | 1h | 1,790 | −0.045% | $279K | $193K | 15x | as long as short |
| Nado SNDK-PERP | −0.0081% | 1h | 1,790.5 | −0.018% | $347K | $1.5M | 10x | as long as short |
| Entropy io:SNDK | −0.0072% | 1h | 1,789.9 | −0.051% | $4.9M | $19.9M | 10x | as long as short |
| QFEX SNDK-USD | −0.0033% | 1h | 1,789.5 | −0.073% | $1.4M | $13.2M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0032% | 1h | 1,785.7 | −0.285% | $439K | $2.3M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0012% | 8h | 1,789.1 | −0.095% | $6.1M | $22.3M | 20x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,790.1 | −0.040% | $21.8M | $36.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,789.8 | −0.057% | $285.8M | $1.79B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,790.4 | −0.021% | $32.6M | $100.2M | 100x | as long as short |
BloFin SNDK-USDT
Phoenix SNDK
Nado SNDK-PERP
Entropy io:SNDK
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
KuCoin SNDKUSDTM
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 | 1,789.9 | −0.051% | $84.2M | $826.8M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,791 | +0.010% | $171K | $1.7M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,789.8 | −0.056% | $180.3M | $231.0M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,789.8 | −0.055% | $43.9M | $161.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,790.2 | −0.032% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,789.9 | −0.049% | $16K | $1.4M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,789.8 | −0.056% | $14K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,788.9 | −0.109% | $832 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUALshort | 0.0000% | 1h | 1,790.2 | −0.035% | $51K | $345K | 10x | |
| HTX SNDK-USDT | 0.0000% | 8h | 1,789.5 | −0.076% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,790 | −0.047% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,790.2 | −0.035% | $666 | $38K | 5x | as long as short |
| Lighter SNDKlong | +0.0032% | 1h | 1,790.8 | long leg | $1.7M | $15.8M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,790.6 | −0.014% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790 | −0.047% | $480K | $1.8M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.511% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,788.7 | −0.116% | $278K | $1.4M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0044% | 1h | 1,790.3 | −0.029% | $130K | $352K | 20x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,789.6 | −0.067% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,789.9 | −0.051% | $247K | $646K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,789.6 | −0.066% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,790 | −0.045% | $115.3M | $146.8M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,789.5 | −0.073% | $188K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,789.9 | −0.049% | $732K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,790 | −0.045% | $1.4M | $5.0M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,789.5 | −0.076% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,790.1 | −0.042% | $199K | $287K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,790.6 | −0.015% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,789.5 | −0.075% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0903% | 4h | 1,789.6 | −0.066% | $568K | $353K | 10x | as long as short |
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Kraken Futures PF_SNDKUSD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC