Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter against Coinbase International+0.061%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.061%, 7d avg −0.004%
=Together, before fees−0.064%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.065% dearer against Coinbase International than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.004%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,771.3 | 0.0136 | pay 0.0017% / 1h | 10m 38s | $442K | $2.1M | 10x |
| Short | Lighter SNDK | 1,772.4 | 0.0056 | get 0.0007% / 1h | 10m 38s | $1.8M | $16.8M | 20x |
Coinbase International SNDK-PERP-INTX
Lighter SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$16.8
- Price spread: +0.061% → −0.004%
- $6.47
- Slippage, 4 orders
- −$5.29
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$25.62
- Costs to cover
- 0.153%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 0.03 bp | 6.5 bp −$7 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.76 bp | 1.1 bp −$1 | 1.9 bp −$19 | 40.7 bp −$4,071 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNDK-USDT | −0.0120% | 8h | 1,771.6 | +0.018% | $4.0M | $4.7M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0077% | 1h | 1,771.1 | −0.013% | $36K | $389K | 10x | as long as short |
| Nado SNDK-PERP | −0.0011% | 1h | 1,771.6 | +0.013% | $335K | $1.5M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,771.9 | +0.030% | $21.6M | $32.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,771.3 | +0.001% | $282.8M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,771.4 | +0.004% | $31.4M | $106.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,771.2 | −0.007% | $82.5M | $833.4M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,772.4 | +0.061% | $137K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771.5 | +0.008% | $182.0M | $219.6M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,770.7 | −0.035% | $49.8M | $168.5M | 75x | as long as short |
BloFin SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Nado SNDK-PERP
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 | 1,767.1 | −0.236% | $2.7M | $4.7M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,768.6 | −0.154% | $275K | $189K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,771.9 | +0.033% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,770.8 | −0.027% | $836 | $3.1M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771 | −0.018% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771.5 | +0.011% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | 0.0000% | 1h | 1,770.9 | −0.027% | $1.4M | $9.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0015% | 1h | 1,767.2 | −0.232% | $676 | $39K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,771.8 | +0.024% | $1.2M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,770.3 | −0.060% | $396K | $2.3M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.617% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,770.6 | −0.041% | $271K | $1.4M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,772 | +0.036% | — | $570K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,771.8 | +0.027% | $246K | $682K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,770.7 | −0.035% | $120.8M | $155.3M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,769.2 | −0.120% | $4.6M | $19.3M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.8 | +0.027% | $187K | $130K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,769.2 | −0.120% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,770.9 | −0.021% | — | — | 5x | as long as short |
| Lighter SNDKshort | +0.0056% | 1h | 1,772.4 | +0.061% | $1.8M | $16.8M | 20x | |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.5 | +0.011% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771 | −0.020% | $198K | $306K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,770.4 | −0.054% | $6.1M | $22.9M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,770.2 | −0.062% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,771.5 | +0.010% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0136% | 1h | 1,771.3 | long leg | $442K | $2.1M | 10x | |
| GRVT SNDK_USDT_Perp | +0.0157% | 8h | 1,770.4 | −0.055% | $27K | $2.4M | 10x | as long as short |
| SoDEX SNDK-USD | +0.0198% | 1h | 1,771.4 | +0.007% | $727K | $523K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0550% | 1h | 1,771 | −0.018% | $160K | $382K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0789% | 4h | 1,767.1 | −0.238% | $561K | $340K | 10x | as long as short |
Variational Omni SNDK
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
GRVT SNDK_USDT_Perp
SoDEX SNDK-USD
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC