Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.011%
Price spread now: Bullet against Lighter−0.082%7-day average −0.010% · 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−$20as in the Price arb table
costs, in and out, $10k−$120.124% of the position
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.082%, 7d avg −0.010%
=Together, before fees−0.005%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bullet is 0.072% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,789.7 | 0.0032 | pay 0.0004% / 1h | 45m 25s | $1.6M | $16.1M | 20x |
| Short | Bullet SNDK-USD | 1,788.2 | 0 | get 0.0000% / 1h | 45m 25s | $14K | $291K | 10x |
Lighter SNDK
Bullet SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Lighter. 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
- −$6.72
- Price spread: −0.082% → −0.010%
- −$7.2
- Slippage, 4 orders
- −$4.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$26.32
- Costs to cover
- 0.124%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Bullet: live order book, 29 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 Lighter live order book, 3 min ago | 0.03 bp | 0.0 bp $0 | 1.6 bp −$16 | 33.0 bp −$3,303 | doesn't fit |
| Sell Bullet live order book, 29 min ago | 0.28 bp | 6.1 bp −$6 | 20.6 bp −$206 | doesn't fit | 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 | 1,791 | +0.074% | $4.1M | $4.5M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,787.2 | −0.137% | $21.8M | $45.7M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,788.2 | −0.083% | $285.3M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,788.9 | −0.045% | $32.2M | $100.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,788.7 | −0.054% | $86.0M | $839.5M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,788.2 | −0.080% | $183.2M | $233.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,788.3 | −0.078% | $48.0M | $169.0M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,790.6 | +0.052% | $2.6M | $4.6M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,786.6 | −0.171% | $9K | $1.1M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,789.6 | −0.004% | $279K | $195K | 15x | as long as short |
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet SNDK-USDshort | 0.0000% | 1h | 1,788.2 | −0.082% | $14K | $291K | 10x | |
| SunX SNDK-USDT | 0.0000% | 8h | 1,787.1 | −0.145% | $926 | $3.8M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,789 | −0.039% | $50K | $311K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,790.2 | +0.031% | $1.5M | $10.9M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,790 | +0.018% | $2.8M | $1.0M | 50x | as long as short |
| QFEX SNDK-USD | +0.0001% | 1h | 1,787.9 | −0.098% | $2.1M | $20.6M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,788.6 | −0.059% | $171K | $1.8M | 20x | as long as short |
| Aftermath Perps SNDKUSD | +0.0010% | 1h | 1,786.4 | −0.185% | $823 | $37K | 5x | as long as short |
| Nado SNDK-PERP | +0.0022% | 1h | 1,790.4 | +0.039% | $350K | $1.4M | 10x | as long as short |
| Lighter SNDKlong | +0.0032% | 1h | 1,789.7 | long leg | $1.6M | $16.1M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,789.1 | −0.034% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,789 | −0.038% | $428K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.575% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,787.2 | −0.138% | $299K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,788.7 | −0.052% | — | $647K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,788.1 | −0.088% | $246K | $657K | 20x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,786.1 | −0.199% | $4.8M | $20.1M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,787.6 | −0.116% | $187K | $135K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,789 | −0.037% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,790.1 | +0.024% | $1.4M | $4.9M | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0052% | 1h | 1,788.4 | −0.071% | $115.1M | $150.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,787.9 | −0.098% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,788.3 | −0.077% | $199K | $293K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,787.7 | −0.112% | $6.1M | $22.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,791.4 | +0.096% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,787.5 | −0.122% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0128% | 1h | 1,790.8 | +0.065% | $444K | $2.3M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0221% | 4h | 1,785.4 | −0.236% | $567K | $355K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0660% | 1h | 1,788.7 | −0.055% | $130K | $379K | 20x | as long as short |
| SoDEX SNDK-USD | +0.0746% | 1h | 1,788.4 | −0.073% | $731K | $515K | 10x | as long as short |
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
RISEx SNDK/USDC
Aftermath Perps SNDKUSD
Nado SNDK-PERP
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Entropy io:SNDK
Polymarket Perps SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
tradeXYZ xyz:SNDK
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD
SoDEX SNDK-USD