Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.09 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Nado−0.019%7-day average −0.040% · 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−$11as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.019%, 7d avg −0.040%
=Together, before fees+0.064%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.021% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SNDK-PERP | 1,788 | −0.0036 | get 0.0005% / 1h | 29m 11s | $359K | $1.4M | 10x |
| Short | Lighter SNDK | 1,787.6 | 0.0032 | get 0.0004% / 1h | 29m 11s | $1.7M | $16.1M | 20x |
Nado SNDK-PERP
Lighter SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $14.38
- Price spread: −0.019% → −0.040%
- $2.1
- Slippage, 4 orders
- −$6.51
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $2.98
- Costs to cover
- 0.135%
- Break-even
- 5.6 days
Slippage from Nado: live order book, 4 min ago; Lighter: live order book, 4 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 Nado live order book, 4 min ago | 0.28 bp | 6.4 bp −$6 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.47 bp | 0.5 bp $0 | 1.1 bp −$11 | 16.1 bp −$1,609 | 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 | 1,786.3 | −0.096% | $4.1M | $4.4M | 75x | as long as short |
| Phoenix SNDK | −0.0090% | 1h | 1,787.1 | −0.049% | $278K | $193K | 15x | as long as short |
| Entropy io:SNDK | −0.0051% | 1h | 1,787.1 | −0.049% | $4.9M | $20.2M | 10x | as long as short |
| Nado SNDK-PERPlong | −0.0036% | 1h | 1,788 | long leg | $359K | $1.4M | 10x | |
| QFEX SNDK-USD | −0.0023% | 1h | 1,786.8 | −0.068% | $1.5M | $14.7M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,786.8 | −0.065% | $21.8M | $37.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,786.6 | −0.079% | $285.4M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,787 | −0.055% | $32.1M | $99.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,786.7 | −0.071% | $85.1M | $822.8M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,788.2 | +0.010% | $170K | $1.8M | 20x | as long as short |
BloFin SNDK-USDT
Phoenix SNDK
Entropy io:SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,787.2 | −0.043% | $180.3M | $230.8M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,787 | −0.056% | $43.8M | $161.5M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,787.9 | −0.005% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,788 | +0.001% | $10K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,786.9 | −0.060% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,786 | −0.110% | $589 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,786.9 | −0.058% | $51K | $338K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,786.7 | −0.071% | $1.4M | $10.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,786.4 | −0.086% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0004% | 1h | 1,787.6 | −0.020% | $665 | $38K | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,785.7 | −0.127% | $439K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:SNDK | +0.0029% | 1h | 1,786.8 | −0.065% | $114.5M | $145.7M | 10x | as long as short |
| Lighter SNDKshort | +0.0032% | 1h | 1,787.6 | −0.019% | $1.7M | $16.1M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,787.3 | −0.035% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,787.2 | −0.045% | $466K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.671% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,786.2 | −0.100% | $313K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,786.9 | −0.060% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,787.1 | −0.049% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,786.7 | −0.071% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,786.7 | −0.071% | $187K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,786.6 | −0.079% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,786.5 | −0.082% | $1.4M | $5.1M | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,787.3 | −0.037% | $130K | $352K | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,786.4 | −0.086% | $1K | — | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0084% | 8h | 1,786.5 | −0.083% | $6.1M | $21.7M | 20x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,786.9 | −0.059% | $199K | $289K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,788.4 | +0.021% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,786.5 | −0.083% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0871% | 4h | 1,787.7 | −0.013% | $568K | $353K | 10x | as long as short |
Gate SNDK_USDT
Bitget SNDKUSDT
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
Coinbase International SNDK-PERP-INTX
tradeXYZ xyz:SNDK
Lighter RH 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