Funding you earn now, next payment 12:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.002%
Price spread now: tradeXYZ against Lighter−0.072%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 7 days+0.005%$0 · spread now −0.072%, 7d avg −0.026%
=Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · 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 tradeXYZ is 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,769.7 | 0.0088 | pay 0.0011% / 1h | 56m 27s | $1.8M | $16.5M | 20x |
| Short | tradeXYZ xyz:SNDK | 1,768.4 | 0.0050 | get 0.0006% / 1h | 56m 27s | $122.3M | $151.4M | 10x |
Lighter SNDK
tradeXYZ xyz:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$7.98
- Price spread: −0.072% → −0.026%
- −$4.68
- Slippage, 4 orders
- −$2.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$32.96
- Costs to cover
- 0.203%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; tradeXYZ: live order book, 7 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, 5 min ago | 0.70 bp | 0.7 bp −$1 | 1.2 bp −$12 | 4.9 bp −$490 | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.28 bp | 9.6 bp −$10 | 10.4 bp −$104 | 14.7 bp −$1,468 | doesn't fit |
SNDK on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SNDKUSD | −0.0126% | 1h | 1,769.5 | −0.010% | $167K | $374K | 20x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,770.8 | +0.061% | $3.9M | $4.7M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0038% | 1h | 1,769.8 | +0.004% | $19K | $445K | 10x | as long as short |
| Entropy io:SNDK | −0.0034% | 1h | 1,770 | +0.018% | $4.5M | $19.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,769.8 | +0.009% | $21.6M | $32.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,769 | −0.038% | $282.1M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,768.9 | −0.047% | $31.8M | $107.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,768.5 | −0.067% | $80.2M | $840.4M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,769.8 | +0.007% | $146K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,768.8 | −0.050% | $180.9M | $209.4M | 75x | as long as short |
Kraken Futures PF_SNDKUSD
BloFin SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Entropy io:SNDK
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | 0.0000% | 8h | 1,768.4 | −0.072% | $48.5M | $172.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,771.1 | +0.082% | $2.7M | $4.5M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,771.7 | +0.112% | $16K | $2.6M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,770.8 | +0.063% | $276K | $178K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,768.5 | −0.069% | $14K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,769.2 | −0.029% | $904 | $3.1M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,769.2 | −0.027% | $1.5M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771 | +0.073% | $2.8M | $1.1M | 50x | as long as short |
| Nado SNDK-PERP | +0.0003% | 1h | 1,768.6 | −0.060% | $322K | $1.5M | 10x | as long as short |
| QFEX SNDK-USD | +0.0004% | 1h | 1,767.9 | −0.098% | $1.5M | $9.2M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0023% | 1h | 1,770.4 | +0.038% | $676 | $39K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,769.1 | −0.033% | $1.2M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,769.3 | −0.019% | $410K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.711% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,767.7 | −0.110% | $256K | $1.3M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,768.6 | −0.061% | — | $570K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,769.2 | −0.027% | $243K | $695K | 20x | as long as short |
| tradeXYZ xyz:SNDKshort | +0.0050% | 1h | 1,768.4 | −0.072% | $122.3M | $151.4M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,768.4 | −0.072% | $194K | $150K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,770.8 | +0.062% | $725K | $523K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,768.2 | −0.084% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,768.7 | −0.054% | — | — | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,770.1 | +0.025% | $1K | — | 10x | as long as short |
| Lighter SNDKlong | +0.0088% | 1h | 1,769.7 | long leg | $1.8M | $16.5M | 20x | |
| Pacifica SNDK | +0.0100% | 1h | 1,769.7 | +0.001% | $193K | $308K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,769.3 | −0.020% | $6.1M | $23.1M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.3 | +0.146% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,769.5 | −0.011% | $9K | $6K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0176% | 1h | 1,774 | +0.242% | $449K | $2.1M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0926% | 4h | 1,771.1 | +0.079% | $563K | $337K | 10x | as long as short |
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Nado SNDK-PERP
QFEX SNDK-USD
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC