Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Lighter−0.050%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$70.066% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.050%, 7d avg −0.001%
=Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$10 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 Lighter RH is 0.049% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,771.3 | 0.0080 | pay 0.0010% / 1h | 9m 31s | $1.8M | $16.4M | 20x |
| Short | Lighter RH SNDK | 1,770.4 | 0.0032 | get 0.0004% / 1h | 9m 31s | $1.3M | $9.5M | 10x |
Lighter SNDK
Lighter RH SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$10.08
- Price spread: −0.050% → −0.001%
- −$4.88
- Slippage, 4 orders
- −$6.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.58
- Costs to cover
- 0.066%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Lighter RH: live order book, 4 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 | 0.40 bp | 0.4 bp $0 | 0.6 bp −$6 | 42.4 bp −$4,239 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.19 bp | 3.0 bp −$3 | 6.0 bp −$60 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0297% | 8h | 1,768.6 | −0.148% | $47.0M | $164.8M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,768.4 | −0.163% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0030% | 8h | 1,769.6 | −0.093% | $6.1M | $22.1M | 20x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,769.3 | −0.108% | $1.4M | $10.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,770.3 | −0.053% | $21.6M | $33.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,769.5 | −0.101% | $280.9M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,769.8 | −0.083% | $31.8M | $103.3M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,768.8 | −0.138% | $82.1M | $834.4M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,770.5 | −0.043% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,769.8 | −0.080% | $176.6M | $231.8M | 75x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,767.4 | −0.219% | $2.5M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,767.9 | −0.191% | $16K | $1.8M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,767.4 | −0.217% | $275K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,768.7 | −0.144% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,769.2 | −0.116% | $879 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,769.1 | −0.120% | $51K | $349K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,769 | −0.128% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,769 | −0.129% | $2.8M | $1.1M | 50x | as long as short |
| Nado SNDK-PERP | +0.0008% | 1h | 1,770.1 | −0.066% | $329K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0012% | 1h | 1,767.1 | −0.234% | — | $581K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,764.3 | −0.392% | $656 | $37K | 5x | as long as short |
| Pacifica SNDK | +0.0024% | 1h | 1,769.5 | −0.099% | $197K | $303K | 10x | as long as short |
| Lighter RH SNDKshort | +0.0032% | 1h | 1,770.4 | −0.050% | $1.3M | $9.5M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,769.8 | −0.079% | $440K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.621% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,765.4 | −0.329% | $262K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,769.4 | −0.104% | $243K | $666K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,769.9 | −0.076% | $119.1M | $157.8M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,767.2 | −0.229% | $4.7M | $19.8M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,768.3 | −0.167% | $185K | $131K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,767.6 | −0.206% | $723K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,770 | −0.071% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,769.8 | −0.082% | $1.4M | $5.1M | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0072% | 1h | 1,770.1 | −0.063% | $437K | $2.3M | 10x | as long as short |
| Lighter SNDKlong | +0.0080% | 1h | 1,771.3 | long leg | $1.8M | $16.4M | 20x | |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,768.6 | −0.149% | $1K | — | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,768.4 | −0.162% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,768.4 | −0.159% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0121% | 1h | 1,769.4 | −0.104% | $127K | $347K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0984% | 4h | 1,766.9 | −0.243% | $561K | $351K | 10x | as long as short |
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Nado SNDK-PERP
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Pacifica SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Coinbase International SNDK-PERP-INTX
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC