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Funding arb · Price arb /

SNDK

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter against Deribit+0.045%7-day average +0.010% · 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−$26as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Long on DeribitShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.074%+$7 on $10k
Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.045%, 7d avg +0.010%
Together, before fees+0.053%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.035% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit SNDK_USDC-PERPETUAL1,784.50get 0.0000% / 1h35m 05s$51K$328K10x
ShortLighter SNDK1,785.30.0032get 0.0004% / 1h35m 05s$1.7M$16.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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

Funding earned
$6.72
Price spread: +0.045% → +0.010%
$3.53
Slippage, 4 orders
−$22.94
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
−$19.7
Costs to cover
0.299%
Break-even
27.5 days
Slippage from Deribit: live order book, 34 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 34 min ago5.33 bp10.5 bp −$1013.1 bp −$131doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago0.42 bp0.6 bp −$11.3 bp −$1324.2 bp −$2,422doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SNDK-USDT−0.0120%8h1,788+0.197%$4.1M$4.5M75xas long as short
Entropy io:SNDK−0.0071%1h1,784.3−0.011%$4.9M$20.4M10xas long as short
Phoenix SNDK−0.0045%1h1,783.2−0.072%$278K$193K15xas long as short
QFEX SNDK-USD−0.0024%1h1,783.9−0.031%$1.8M$17.1M10xas long as short
Nado SNDK-PERP0.0000%1h1,784.5−0.002%$360K$1.4M10xas long as short
Aster SNDKUSD10.0000%8h1,785+0.030%$21.7M$39.4M20xas long as short
Binance SNDKUSDT0.0000%8h1,784.5+0.001%$286.2M$1.83B75xas long as short
Bybit SNDKUSDT0.0000%8h1,784.9+0.022%$32.0M$100.0M100xas long as short
OKX SNDK-USDT-SWAP0.0000%8h1,784.8+0.017%$85.6M$830.8M75xas long as short
Gate SNDK_USDT0.0000%8h1,784.8+0.016%$180.5M$231.6M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNDKUSDT0.0000%8h1,784.50.000%$44.0M$167.4M75xas long as short
Variational Omni SNDK0.0000%8h1,783.8−0.039%$2.6M$4.7M—as long as short
GRVT SNDK_USDT_Perp0.0000%8h1,783.2−0.075%$15K$1.1M10xas long as short
Bullet SNDK-USD0.0000%1h1,784.7+0.013%$14K$291K10xas long as short
SunX SNDK-USDT0.0000%8h1,783.6−0.049%$772$3.7M20xas long as short
Deribit SNDK_USDC-PERPETUALlong0.0000%1h1,784.5long leg$51K$328K10x
HTX SNDK-USDT0.0000%8h1,784.2−0.016%$1.5M$10.4M50xas long as short
Phemex SNDKUSDT0.0000%8h1,784.5+0.002%$2.8M$1.1M50xas long as short
Aftermath Perps SNDKUSD+0.0005%1h1,785.4+0.052%$670$37K5xas long as short
tradeXYZ xyz:SNDK+0.0011%1h1,784.5+0.001%$114.3M$146.6M10xas long as short
Lighter SNDKshort+0.0032%1h1,785.3+0.045%$1.7M$16.2M20x
Lighter RH SNDK+0.0032%1h1,784.8+0.019%$1.4M$9.4M10xas long as short
Extended SNDK_24_5-USD+0.0032%1h1,784.5−0.001%$470K$1.7M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+0.867%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,783.6−0.048%$312K$1.6M10xas long as short
Vest SNDK-USD-PERP+0.0046%1h1,783.5−0.054%—$584K10xas long as short
Popdex SNDKUSDT+0.0048%1h1,784.6+0.006%$245K$645K20xas long as short
edgeX SNDKUSDC+0.0049%4h1,783.4−0.059%$566K$352K10xas long as short
Paradex SNDK-USD-PERP+0.0049%8h1,784.6+0.003%——5xas long as short
Polymarket Perps SNDK-USD+0.0050%1h1,784.2−0.016%$187K$135K10xas long as short
SoDEX SNDK-USD+0.0050%1h1,784.1−0.023%$729K$515K10xas long as short
Ondo Perps SNDK-USD.P+0.0050%1h1,783.9−0.033%$1.4M$5.1M5xas long as short
Aevo SNDK-PERP+0.0080%1h1,784−0.029%$1K—10xas long as short
Coinbase International SNDK-PERP-INTX+0.0088%1h1,783.4−0.059%$437K$2.3M10xas long as short
Pacifica SNDK+0.0100%1h1,784.5+0.003%$198K$292K10xas long as short
KuCoin SNDKUSDTM+0.0100%8h1,784.6+0.005%$6.1M$21.5M20xas long as short
ApeX Omni SNDKUSDT+0.0100%1h1,783−0.081%$69K$269K50xas long as short
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,783.4−0.064%$8K$3K20xas long as short
Kraken Futures PF_SNDKUSD+0.0132%1h1,785.2+0.037%$130K$355K20xas long as short
RISEx SNDK/USDC+0.0257%1h1,785+0.028%$171K$1.8M20xas long as short