Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.013%
Price spread now: Phemex against Lighter−0.045%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.045%, 7d avg +0.005%
=Together, before fees−0.149%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phemex is 0.050% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,780.3 | 0.0184 | pay 0.0023% / 1h | 46m 15s | $1.6M | $16.2M | 20x |
| Short | Phemex SNDKUSDT | 1,779.5 | 0 | get 0.0000% / 8h | 46m 15s | $2.8M | $1.0M | 50x |
Lighter SNDK
Phemex SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$38.64
- Price spread: −0.045% → +0.005%
- −$4.96
- Slippage, 4 orders
- −$32.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$88.47
- Costs to cover
- 0.449%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Phemex: live order book, 2 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 | 0.39 bp | 0.4 bp $0 | 1.3 bp −$13 | 7.0 bp −$703 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.46 bp | 15.2 bp −$15 | doesn't fit | 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 | 1,779.3 | −0.057% | $4.1M | $4.5M | 75x | as long as short |
| Entropy io:SNDK | −0.0040% | 1h | 1,778.1 | −0.123% | $4.5M | $20.5M | 10x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,779.1 | −0.065% | $2.2M | $21.8M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,779.5 | −0.042% | $22.0M | $46.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,779.5 | −0.043% | $284.6M | $1.88B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,779.6 | −0.037% | $31.9M | $105.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,779.7 | −0.033% | $87.4M | $845.5M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,779.3 | −0.057% | $184.3M | $239.3M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,779.6 | −0.039% | $49.7M | $170.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.9 | −0.137% | $2.6M | $4.7M | — | as long as short |
BloFin SNDK-USDT
Entropy io:SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,779.2 | −0.060% | $15K | $1.0M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,778.7 | −0.089% | $277K | $195K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,779.6 | −0.036% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,779.2 | −0.059% | $984 | $3.9M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,778.9 | −0.079% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDTshort | 0.0000% | 8h | 1,779.5 | −0.045% | $2.8M | $1.0M | 50x | |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,778.6 | −0.093% | $703 | $37K | 5x | as long as short |
| RISEx SNDK/USDC | +0.0018% | 1h | 1,780.2 | −0.003% | $175K | $1.8M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,779.5 | −0.043% | $1.3M | $9.9M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,778.6 | −0.095% | $410K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.105% | $36 | $15K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,778.8 | −0.081% | $285K | $1.7M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,778.9 | −0.077% | — | $670K | 10x | as long as short |
| edgeX SNDKUSDC | +0.0048% | 4h | 1,778.5 | −0.099% | $565K | $355K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,779.4 | −0.050% | $245K | $670K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,778.9 | −0.078% | $113.3M | $151.7M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,779.1 | −0.067% | $197K | $89K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,779.4 | −0.048% | $727K | $538K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,779.2 | −0.063% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,779.1 | −0.067% | $1.4M | $4.9M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,779.1 | −0.066% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0096% | 1h | 1,779.4 | −0.050% | $442K | $2.4M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,779.2 | −0.061% | $212K | $283K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,778.5 | −0.099% | $6.0M | $22.2M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,778.5 | −0.099% | $68K | $268K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,778.4 | −0.104% | $8K | $2K | 20x | as long as short |
| Lighter SNDKlong | +0.0184% | 1h | 1,780.3 | long leg | $1.6M | $16.2M | 20x | |
| Nado SNDK-PERP | +0.0197% | 1h | 1,778.9 | −0.077% | $387K | $1.4M | 10x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | +0.0323% | 1h | 1,779.8 | −0.027% | $50K | $276K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0455% | 1h | 1,780.2 | −0.004% | $130K | $407K | 20x | as long as short |
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Aftermath Perps SNDKUSD
RISEx SNDK/USDC
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
edgeX SNDKUSDC
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
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
Nado SNDK-PERP
Deribit SNDK_USDC-PERPETUAL
Kraken Futures PF_SNDKUSD