Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Lighter−0.090%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$130.135% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 7 days−0.125%−$12 · spread now −0.090%, 7d avg −0.061%
=Together, before fees−0.287%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,776.7 | 0.0120 | pay 0.0015% / 1h | 13m 23s | $1.6M | $16.4M | 20x |
| Short | Polymarket Perps SNDK-USD | 1,775.1 | 0.0050 | get 0.0006% / 1h | 13m 23s | $202K | $125K | 10x |
Lighter SNDK
Polymarket Perps SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$14.7
- Price spread: −0.090% → −0.061%
- −$2.87
- Slippage, 4 orders
- −$5.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$31.07
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 63 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, 5 min ago | 0.48 bp | 0.5 bp −$1 | 1.1 bp −$11 | 27.5 bp −$2,746 | doesn't fit |
| Sell Polymarket Perps live order book, 63 min ago | 1.41 bp | 7.0 bp −$7 | 8.2 bp −$82 | 10.6 bp −$1,062 | 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 | 1,775.8 | −0.049% | $4.1M | $4.5M | 75x | as long as short |
| Entropy io:SNDK | −0.0085% | 1h | 1,775.9 | −0.045% | $4.6M | $20.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,775.5 | −0.070% | $2.2M | $21.7M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,776.4 | −0.016% | $21.8M | $46.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,775.7 | −0.056% | $283.4M | $1.88B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,776 | −0.038% | $31.6M | $105.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,776.1 | −0.034% | $86.8M | $844.8M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,775.8 | −0.053% | $183.8M | $240.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,775.7 | −0.058% | $47.8M | $171.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.7 | +0.054% | $2.6M | $4.7M | — | as long as short |
BloFin SNDK-USDT
Entropy io:SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,777.9 | +0.068% | $12K | $1.0M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,777.6 | +0.051% | $277K | $195K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,775.6 | −0.062% | $15K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,774.8 | −0.109% | $873 | $3.9M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,775.9 | −0.048% | $1.5M | $11.0M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,776.1 | −0.037% | $2.8M | $1.0M | 50x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | +0.0003% | 1h | 1,776.1 | −0.032% | $50K | $305K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,777.1 | +0.020% | $671 | $37K | 5x | as long as short |
| RISEx SNDK/USDC | +0.0018% | 1h | 1,776.8 | +0.004% | $174K | $1.8M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,776 | −0.037% | $1.3M | $10.0M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,776 | −0.040% | $412K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.309% | $36 | $15K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,775.1 | −0.089% | $285K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,775.7 | −0.057% | — | $670K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,775.9 | −0.045% | $245K | $670K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,775.3 | −0.079% | $113.1M | $151.9M | 10x | as long as short |
| Polymarket Perps SNDK-USDshort | +0.0050% | 1h | 1,775.1 | −0.090% | $202K | $125K | 10x | |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,775.7 | −0.055% | $726K | $538K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,775.4 | −0.071% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,777 | +0.017% | $1.4M | $4.9M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,775.5 | −0.070% | $1K | — | 10x | as long as short |
| edgeX SNDKUSDC | +0.0080% | 4h | 1,776.8 | +0.007% | $564K | $356K | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0096% | 1h | 1,779 | +0.131% | $441K | $2.4M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,775.6 | −0.064% | $211K | $281K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,776.5 | −0.010% | $6.0M | $22.2M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,777.6 | +0.048% | $68K | $268K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,775.3 | −0.080% | $8K | $2K | 20x | as long as short |
| Lighter SNDKlong | +0.0120% | 1h | 1,776.7 | long leg | $1.6M | $16.4M | 20x | |
| Nado SNDK-PERP | +0.0163% | 1h | 1,775.8 | −0.050% | $355K | $1.4M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0456% | 1h | 1,776.2 | −0.028% | $129K | $405K | 20x | as long as short |
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Deribit SNDK_USDC-PERPETUAL
Aftermath Perps SNDKUSD
RISEx SNDK/USDC
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
edgeX SNDKUSDC
Coinbase International SNDK-PERP-INTX
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Nado SNDK-PERP
Kraken Futures PF_SNDKUSD