Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.049%
Price spread now: Kraken Futures against Lighter+0.001%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs+$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days+0.661%+$66 on $10k
+Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.001%, 7d avg −0.004%
=Together, before fees+0.617%+ Points / potential airdropLighter: Season 3 · farm board+$62 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,786.1 | 0.0032 | pay 0.0004% / 1h | 16m 49s | $1.7M | $16.2M | 20x |
| Short | Kraken Futures PF_SNDKUSD | 1,786.1 | 0.0132 | get 0.0016% / 1h | 16m 49s | $130K | $357K | 20x |
Lighter SNDK
Kraken Futures PF_SNDKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $20.91
- Price spread: +0.001% → −0.004%
- $0.57
- Slippage, 4 orders
- −$28.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$17.32
- Costs to cover
- 0.388%
- Break-even
- 12.8 days
Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 51 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, 7 min ago | 0.62 bp | 0.6 bp −$1 | 1.0 bp −$10 | 23.0 bp −$2,299 | doesn't fit |
| Sell Kraken Futures live order book, 51 min ago | 3.91 bp | 18.3 bp −$18 | 43.1 bp −$431 | doesn't fit | doesn't fit |
SNDK on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SNDK_USDC-PERPETUAL | −0.0237% | 1h | 1,785.6 | −0.026% | $51K | $331K | 10x | as long as short |
| Phoenix SNDK | −0.0045% | 1h | 1,785.1 | −0.057% | $278K | $193K | 15x | as long as short |
| Entropy io:SNDK | −0.0036% | 1h | 1,785.6 | −0.029% | $4.9M | $20.5M | 10x | as long as short |
| Nado SNDK-PERP | −0.0026% | 1h | 1,786.4 | +0.018% | $360K | $1.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0024% | 1h | 1,785.5 | −0.037% | $1.7M | $16.4M | 10x | as long as short |
| tradeXYZ xyz:SNDK | −0.0011% | 1h | 1,785.1 | −0.057% | $114.4M | $146.1M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,786.6 | +0.029% | $21.8M | $36.8M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,785.3 | −0.045% | $285.9M | $1.82B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,785.8 | −0.019% | $32.1M | $99.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,785.1 | −0.057% | $85.5M | $828.3M | 75x | as long as short |
Deribit SNDK_USDC-PERPETUAL
Phoenix SNDK
Entropy io:SNDK
Nado SNDK-PERP
QFEX SNDK-USD
tradeXYZ xyz:SNDK
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,785.2 | −0.053% | $180.8M | $232.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,785.3 | −0.048% | $44.0M | $164.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,784.1 | −0.113% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,784.3 | −0.102% | $16K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,785.8 | −0.017% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,785.1 | −0.057% | $1K | $3.7M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,785.3 | −0.043% | $1.4M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,785.7 | −0.023% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,786.1 | −0.002% | $701 | $37K | 5x | as long as short |
| Lighter SNDKlong | +0.0032% | 1h | 1,786.1 | long leg | $1.7M | $16.2M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,786 | −0.008% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,786.1 | −0.001% | $477K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.775% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,783.9 | −0.123% | $312K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,785.3 | −0.045% | — | $584K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,785.4 | −0.040% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0048% | 8h | 1,785.6 | −0.026% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,785.4 | −0.040% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,785.7 | −0.023% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,784.7 | −0.079% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,785.3 | −0.044% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0088% | 1h | 1,786.2 | +0.007% | $437K | $2.3M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,785.7 | −0.021% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,784.9 | −0.068% | $6.1M | $21.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,785.3 | −0.043% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,784.6 | −0.083% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSDshort | +0.0132% | 1h | 1,786.1 | +0.001% | $130K | $357K | 20x | |
| edgeX SNDKUSDC | +0.0227% | 4h | 1,783.9 | −0.125% | $567K | $353K | 10x | as long as short |
| RISEx SNDK/USDC | +0.0257% | 1h | 1,786.7 | +0.031% | $164K | $1.8M | 20x | as long as short |
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
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Coinbase International SNDK-PERP-INTX
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC
RISEx SNDK/USDC