Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter against Polymarket Perps+0.091%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$160.155% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 7 days−0.108%−$11 · spread now +0.091%, 7d avg +0.057%
=Together, before fees+0.050%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.034% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.057%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SNDK-USD | 1,789.5 | 0.0050 | pay 0.0006% / 1h | 7m 25s | $188K | $128K | 10x |
| Short | Lighter SNDK | 1,791.1 | 0.0032 | get 0.0004% / 1h | 7m 25s | $1.7M | $16.2M | 20x |
Polymarket Perps SNDK-USD
Lighter SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- −$3.78
- Price spread: +0.091% → +0.057%
- $3.35
- Slippage, 4 orders
- −$7.55
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.98
- Costs to cover
- 0.155%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 54 min ago; Lighter: 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 Polymarket Perps live order book, 54 min ago | 1.96 bp | 6.0 bp −$6 | 7.3 bp −$73 | 9.3 bp −$926 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.50 bp | 0.8 bp −$1 | 1.5 bp −$15 | 26.6 bp −$2,659 | 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 | 1,790.2 | +0.036% | $4.1M | $4.4M | 75x | as long as short |
| Phoenix SNDK | −0.0090% | 1h | 1,790.7 | +0.067% | $279K | $193K | 15x | as long as short |
| Nado SNDK-PERP | −0.0047% | 1h | 1,790.9 | +0.078% | $361K | $1.4M | 10x | as long as short |
| Entropy io:SNDK | −0.0045% | 1h | 1,790 | +0.028% | $4.9M | $19.9M | 10x | as long as short |
| QFEX SNDK-USD | −0.0023% | 1h | 1,789.7 | +0.009% | $1.5M | $14.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,789.8 | +0.016% | $21.8M | $35.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,790 | +0.027% | $286.9M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,790.5 | +0.056% | $32.2M | $99.7M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,790 | +0.028% | $85.0M | $825.1M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,791.1 | +0.087% | $170K | $1.8M | 20x | as long as short |
BloFin SNDK-USDT
Phoenix SNDK
Nado SNDK-PERP
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 | 1,790 | +0.030% | $180.8M | $231.5M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,789.9 | +0.022% | $44.0M | $161.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,789.5 | −0.001% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,790.1 | +0.035% | $19K | $1.3M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,789.9 | +0.025% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,788.3 | −0.065% | $547 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,790.7 | +0.066% | $51K | $342K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,789.6 | +0.004% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,790.1 | +0.032% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0002% | 1h | 1,790.7 | +0.066% | $666 | $37K | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0014% | 1h | 1,790 | +0.028% | $114.8M | $145.7M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,785.7 | −0.212% | $439K | $2.3M | 10x | as long as short |
| Lighter SNDKshort | +0.0032% | 1h | 1,791.1 | +0.091% | $1.7M | $16.2M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,790.4 | +0.049% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790.5 | +0.056% | $450K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.585% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,788.8 | −0.039% | $313K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,790.3 | +0.044% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,789.9 | +0.022% | $246K | $646K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,789.9 | +0.024% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USDlong | +0.0050% | 1h | 1,789.5 | long leg | $188K | $128K | 10x | |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,789.9 | +0.021% | $732K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,789.7 | +0.011% | $1.4M | $5.1M | 5x | as long as short |
| KuCoin SNDKUSDTM | +0.0054% | 8h | 1,789 | −0.031% | $6.1M | $22.0M | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,790.3 | +0.046% | $130K | $352K | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,789.5 | +0.001% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,789.9 | +0.024% | $199K | $287K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,789.9 | +0.023% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,789.3 | −0.014% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0979% | 4h | 1,790 | +0.026% | $568K | $352K | 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
tradeXYZ xyz:SNDK
Coinbase International SNDK-PERP-INTX
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
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
KuCoin SNDKUSDTM
Kraken Futures PF_SNDKUSD
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC