Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.015%
Price spread now: QFEX against Lighter−0.048%7-day average −0.016% · 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−$20as in the Price arb table
costs, in and out, $10k−$160.165% of the position
Funding, last 4 days (all we have)−0.027%−$3 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now −0.048%, 7d avg −0.016%
=Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,763.8 | 0.0080 | pay 0.0010% / 1h | 49m 22s | $1.8M | $16.2M | 20x |
| Short | QFEX SNDK-USD | 1,763 | −0.0008 | pay 0.0001% / 1h | 49m 22s | $1.4M | $10.5M | 10x |
Lighter SNDK
QFEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$18.45
- Price spread: −0.048% → −0.016%
- −$3.18
- Slippage, 4 orders
- −$6.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$38.12
- Costs to cover
- 0.165%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; QFEX: 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 Lighter live order book, 4 min ago | 0.79 bp | 0.8 bp −$1 | 0.9 bp −$9 | 24.5 bp −$2,455 | doesn't fit |
| Sell QFEX live order book, 5 min ago | 0.03 bp | 8.4 bp −$8 | 8.4 bp −$84 | 12.7 bp −$1,274 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0253% | 8h | 1,762.9 | −0.056% | $47.4M | $165.4M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,762.4 | −0.079% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0013% | 8h | 1,762.5 | −0.077% | $6.0M | $22.2M | 20x | as long as short |
| QFEX SNDK-USDshort | −0.0008% | 1h | 1,763 | −0.048% | $1.4M | $10.5M | 10x | |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,763.4 | −0.023% | $21.5M | $33.1M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,762.4 | −0.082% | $279.9M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,762.7 | −0.065% | $31.7M | $103.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,762.3 | −0.087% | $82.6M | $834.9M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,764 | +0.009% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,762.8 | −0.061% | $176.7M | $230.3M | 75x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,762.2 | −0.093% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,762 | −0.103% | $14K | $1.9M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,761.8 | −0.116% | $274K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,762.4 | −0.081% | $14K | $286K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,762.7 | −0.065% | $841 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,763.3 | −0.031% | $51K | $350K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,762.7 | −0.066% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,763.8 | −0.002% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0015% | 1h | 1,763.2 | −0.036% | $656 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0015% | 1h | 1,760.8 | −0.171% | — | $581K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,763.2 | −0.037% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,763.1 | −0.043% | $497K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.048% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,761.7 | −0.119% | $254K | $1.5M | 10x | as long as short |
| Nado SNDK-PERP | +0.0043% | 1h | 1,761.5 | −0.134% | $327K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,763.4 | −0.025% | $243K | $675K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,762.3 | −0.087% | $118.7M | $158.5M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,762.4 | −0.082% | $4.7M | $19.8M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,762.3 | −0.087% | $184K | $131K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,762.3 | −0.088% | $721K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,762.8 | −0.060% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,763 | −0.048% | $1.4M | $5.1M | 5x | as long as short |
| Lighter SNDKlong | +0.0080% | 1h | 1,763.8 | long leg | $1.8M | $16.2M | 20x | |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,761.9 | −0.111% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,762.8 | −0.058% | $196K | $303K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,762.4 | −0.079% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,762.4 | −0.082% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,766.2 | +0.134% | $432K | $2.3M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0148% | 4h | 1,761.1 | −0.154% | $559K | $352K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0400% | 1h | 1,763.4 | −0.026% | $127K | $347K | 20x | as long as short |
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Vest SNDK-USD-PERP
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Nado SNDK-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD