SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.015%

Price spread now: Lighter against QFEX+0.060%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.060%, 7d avg +0.017%

Together, before fees+0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.043% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.017%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.030% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,774.5	−0.0001	get 0.0000% / 1h	51m 06s	$1.4M	$9.4M	10x
Short	Lighter SNDK	1,775.6	0.0184	get 0.0023% / 1h	51m 06s	$1.9M	$16.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee LighterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $38.82
Price spread: +0.060% → +0.017%: $4.28
Slippage, 4 orders: −$3.88
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $29.22
Costs to cover: 0.139%
Break-even: 1.7 days

Slippage from QFEX: live order book, 6 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 QFEX live order book, 6 min ago	1.15 bp	6.3 bp −$6	8.5 bp −$85	11.9 bp −$1,190	doesn't fit
Sell Lighter live order book, 6 min ago	0.62 bp	0.6 bp −$1	1.4 bp −$14	19.4 bp −$1,943	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	−0.0258%	1h	1,774	−0.030%	$168K	$385K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0190%	1h	1,773.5	−0.057%	$22K	$421K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,774.8	+0.016%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USDlong	−0.0001%	1h	1,774.5	long leg	$1.4M	$9.4M	10x
Aster SNDKUSD1	0.0000%	8h	1,775	+0.029%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.8	+0.019%	$282.9M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.9	+0.024%	$31.5M	$106.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.7	+0.012%	$82.6M	$842.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.6	+0.007%	$182.3M	$218.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.8	+0.015%	$49.9M	$171.2M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,774.1	−0.022%	$2.7M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,774.7	+0.012%	$276K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.1	+0.034%	$15K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,775	+0.028%	$996	$3.1M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.6	−0.052%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.3	+0.047%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0018%	1h	1,775.3	+0.046%	$684	$38K	5x	as long as short
Nado SNDK-PERP	+0.0029%	1h	1,774.9	+0.026%	$332K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.8	+0.019%	$1.3M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.7	+0.011%	$432K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.435%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.3	−0.011%	$272K	$1.3M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775	+0.027%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,775.3	+0.046%	$244K	$700K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.6	+0.006%	$121.7M	$152.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,774	−0.028%	$4.5M	$19.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.8	+0.017%	$187K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.7	+0.011%	$728K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774.3	−0.011%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0053%	8h	1,774.7	+0.009%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.6	+0.009%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.5	+0.001%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,774	−0.030%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,775.3	+0.046%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774	−0.029%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,776.1	+0.090%	$448K	$2.2M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0167%	8h	1,774.8	+0.017%	$24K	$2.4M	10x	as long as short
Lighter SNDKshort	+0.0184%	1h	1,775.6	+0.060%	$1.9M	$16.7M	20x
edgeX SNDKUSDC	+0.0882%	4h	1,774.6	+0.005%	$564K	$339K	10x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,776.1	+0.091%	$146K	$1.5M	20x	as long as short