SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.050%

Price spread now: Kraken Futures against Lighter−0.039%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs+$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.661%+$66 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.039%, 7d avg −0.004%

Together, before fees+0.581%+ Points / potential airdropLighter: Season 3 · farm board+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.034% cheaper against Lighter than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.004%). If the spread goes back, that is −$3 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.661% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,787.2	0.0032	pay 0.0004% / 1h	24m 56s	$1.7M	$16.1M	20x
Short	Kraken Futures PF_SNDKUSD	1,786.5	0.0058	get 0.0007% / 1h	24m 56s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.039%Rate

Funding earned: $5.51
Price spread: −0.039% → −0.004%: −$3.44
Slippage, 4 orders: −$30.25
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$38.18
Costs to cover: 0.403%
Break-even: 55.5 days

Slippage from Lighter: live order book, 4 min ago; Kraken Futures: live order book, 38 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, 4 min ago	0.56 bp	0.7 bp −$1	0.9 bp −$9	13.3 bp −$1,334	doesn't fit
Sell Kraken Futures live order book, 38 min ago	1.96 bp	17.5 bp −$17	41.1 bp −$411	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	1,786.1	−0.060%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,785.7	−0.083%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,786.5	−0.038%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0039%	1h	1,786.8	−0.021%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.9	−0.074%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	−0.049%	$21.8M	$37.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.4	−0.046%	$285.6M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787	−0.010%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.6	−0.032%	$85.1M	$822.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.4	+0.010%	$170K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786.6	−0.034%	$180.2M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.1	−0.060%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	−0.071%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.7	−0.081%	$17K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	−0.066%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	−0.116%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.2	−0.056%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.7	−0.086%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.2	−0.057%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787	−0.011%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0020%	1h	1,785.9	−0.072%	$114.4M	$145.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.083%	$439K	$2.3M	10x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,787.2	long leg	$1.7M	$16.1M	20x
Lighter RH SNDK	+0.0032%	1h	1,786.7	−0.025%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.6	−0.032%	$455K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.715%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.1	−0.116%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.074%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	−0.060%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786	−0.067%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.9	−0.072%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.1	−0.060%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.5	−0.038%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0058%	1h	1,786.5	−0.039%	$130K	$352K	20x
edgeX SNDKUSDC	+0.0061%	4h	1,785.2	−0.109%	$567K	$351K	10x	as long as short
KuCoin SNDKUSDTM	+0.0074%	8h	1,785.7	−0.081%	$6.1M	$21.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.6	−0.087%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.4	−0.045%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.9	−0.018%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	−0.111%	$8K	$3K	20x	as long as short