Funding you earn now, next payment 12:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.012%
Price spread now: QFEX against Lighter RH−0.041%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−$18as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 4 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.041%, 7d avg −0.016%
=Together, before fees+0.002%+ Points / potential airdropLighter RH: Points live · farm board$0 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 QFEX is 0.025% cheaper against Lighter RH 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 RH SNDK | 1,763.4 | 0.0032 | pay 0.0004% / 1h | 45m 37s | $1.2M | $9.5M | 10x |
| Short | QFEX SNDK-USD | 1,762.6 | 0.0004 | get 0.0001% / 1h | 45m 37s | $1.5M | $9.3M | 10x |
Lighter RH SNDK
QFEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$5.85
- Price spread: −0.041% → −0.016%
- −$2.54
- Slippage, 4 orders
- −$5.61
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$23.99
- Costs to cover
- 0.156%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; QFEX: live order book, 6 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, 6 min ago | 1.25 bp | 1.6 bp −$2 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 0.51 bp | 6.2 bp −$6 | 6.2 bp −$62 | 10.7 bp −$1,069 | 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 | −0.0127% | 1h | 1,762.4 | −0.051% | $166K | $378K | 20x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,763.4 | 0.000% | $3.9M | $4.7M | 75x | as long as short |
| Entropy io:SNDK | −0.0001% | 1h | 1,763.2 | −0.009% | $4.5M | $19.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,763.8 | +0.024% | $21.5M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,763.2 | −0.007% | $280.9M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,763.4 | 0.000% | $31.4M | $107.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,763.7 | +0.020% | $79.2M | $842.8M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,763.7 | +0.020% | $146K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,762.9 | −0.027% | $180.6M | $210.6M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,763.4 | +0.001% | $48.5M | $172.3M | 75x | as long as short |
Kraken Futures PF_SNDKUSD
BloFin SNDK-USDT
Entropy io:SNDK
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,762.6 | −0.040% | $2.7M | $4.4M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,761.9 | −0.084% | $22K | $2.7M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,763.9 | +0.032% | $12K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,763.1 | −0.012% | $853 | $3.1M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,763.2 | −0.011% | $19K | $451K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,762.5 | −0.050% | $1.5M | $9.9M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,763.3 | −0.001% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USDshort | +0.0004% | 1h | 1,762.6 | −0.041% | $1.5M | $9.3M | 10x | |
| Aftermath Perps SNDKUSD | +0.0024% | 1h | 1,764.2 | +0.050% | $674 | $39K | 5x | as long as short |
| Lighter RH SNDKlong | +0.0032% | 1h | 1,763.4 | long leg | $1.2M | $9.5M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,762.9 | −0.023% | $421K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.076% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,762.1 | −0.073% | $260K | $1.4M | 10x | as long as short |
| Phoenix SNDK | +0.0045% | 1h | 1,763.8 | +0.026% | $275K | $178K | 15x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,762 | −0.074% | — | $570K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,763.2 | −0.009% | $243K | $700K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,764 | +0.037% | $122.6M | $151.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,763.1 | −0.014% | $188K | $174K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,762.8 | −0.030% | $722K | $529K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,764.1 | +0.043% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,763.4 | +0.001% | — | — | 5x | as long as short |
| Nado SNDK-PERP | +0.0065% | 1h | 1,763.2 | −0.011% | $319K | $1.5M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,762.9 | −0.025% | $1K | — | 10x | as long as short |
| Lighter SNDK | +0.0096% | 1h | 1,764.1 | +0.041% | $1.8M | $16.5M | 20x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,763.8 | +0.023% | $192K | $305K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,763.9 | +0.030% | $6.1M | $23.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,762.7 | −0.036% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,761.7 | −0.092% | $9K | $6K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0176% | 1h | 1,761.9 | −0.084% | $446K | $2.1M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0947% | 4h | 1,761.7 | −0.095% | $560K | $339K | 10x | as long as short |
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Phoenix SNDK
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Nado SNDK-PERP
Aevo SNDK-PERP
Lighter SNDK
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC