Funding you earn now, next payment 03:00 UTC−0.0106%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.026%
Price spread now: Deribit against Lighter RH−0.058%7-day average −0.018% · 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−$35as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 4 days (all we have)−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.058%, 7d avg −0.018%
=Together, before fees−0.164%+ Points / potential airdropLighter RH: Points live · farm board−$16 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 Deribit is 0.040% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SNDK | 1,788.2 | 0.0032 | pay 0.0004% / 1h | 30m 24s | $1.4M | $9.5M | 10x |
| Short | Deribit SNDK_USDC-PERPETUAL | 1,787.2 | −0.0074 | pay 0.0009% / 1h | 30m 24s | $51K | $338K | 10x |
Lighter RH SNDK
Deribit SNDK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter RH. 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
- −$22.35
- Price spread: −0.058% → −0.018%
- −$4
- Slippage, 4 orders
- −$23.65
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57.01
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Deribit: live order book, 33 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 RH live order book, 3 min ago | 1.31 bp | 1.5 bp −$1 | 2.3 bp −$23 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 33 min ago | 7.42 bp | 16.6 bp −$17 | 20.1 bp −$201 | 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 | 1,788 | −0.009% | $4.1M | $4.4M | 75x | as long as short |
| Phoenix SNDK | −0.0090% | 1h | 1,787.1 | −0.062% | $278K | $193K | 15x | as long as short |
| Deribit SNDK_USDC-PERPETUALshort | −0.0074% | 1h | 1,787.2 | −0.058% | $51K | $338K | 10x | |
| Entropy io:SNDK | −0.0049% | 1h | 1,787.6 | −0.034% | $4.9M | $20.2M | 10x | as long as short |
| Nado SNDK-PERP | −0.0034% | 1h | 1,788.7 | +0.029% | $360K | $1.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0023% | 1h | 1,786.9 | −0.074% | $1.5M | $14.7M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,787.9 | −0.017% | $21.8M | $37.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,786.8 | −0.080% | $285.5M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,787.3 | −0.051% | $32.1M | $99.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,787.1 | −0.062% | $85.1M | $823.0M | 75x | as long as short |
BloFin SNDK-USDT
Phoenix SNDK
Entropy io:SNDK
Nado SNDK-PERP
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx SNDK/USDC | 0.0000% | 1h | 1,788.2 | −0.003% | $170K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,787.1 | −0.060% | $180.3M | $230.8M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,786.9 | −0.074% | $43.8M | $161.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,787.9 | −0.018% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,788 | −0.012% | $18K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,787 | −0.067% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,787.1 | −0.061% | $590 | $3.6M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,786.7 | −0.084% | $1.4M | $10.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,786.8 | −0.078% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0004% | 1h | 1,787.6 | −0.033% | $665 | $38K | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,785.7 | −0.140% | $439K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:SNDK | +0.0031% | 1h | 1,787 | −0.067% | $114.5M | $145.7M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,788.2 | 0.000% | $1.7M | $16.1M | 20x | as long as short |
| Lighter RH SNDKlong | +0.0032% | 1h | 1,788.2 | long leg | $1.4M | $9.5M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,787.4 | −0.046% | $469K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.658% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,786.5 | −0.094% | $313K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,787.2 | −0.054% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,786.8 | −0.078% | $246K | $646K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,787.7 | −0.029% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,786.6 | −0.089% | $187K | $134K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,786.9 | −0.074% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,787.7 | −0.028% | $1.4M | $5.1M | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,787.3 | −0.053% | $130K | $352K | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,786.6 | −0.091% | $1K | — | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0085% | 8h | 1,786.6 | −0.091% | $6.1M | $21.7M | 20x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,787.6 | −0.034% | $199K | $292K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,787.5 | −0.039% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,786.3 | −0.105% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0871% | 4h | 1,787.7 | −0.025% | $568K | $353K | 10x | as long as short |
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
Coinbase International SNDK-PERP-INTX
tradeXYZ xyz:SNDK
Lighter 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
Kraken Futures PF_SNDKUSD
Aevo SNDK-PERP
KuCoin SNDKUSDTM
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC