Funding you earn now, next payment 06:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.106%
Price spread now: edgeX against Lighter RH−0.312%80s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs+$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.245% of the position
Funding, last 7 days+1.128%+$113 on $10k
+Price spread, last 4 days (all we have)+0.299%+$30 · spread now −0.312%, 7d avg −0.020%
=Together, before fees+1.427%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$143 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.292% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.312% now, against its 7-day average of −0.020%). If the spread goes back, that is −$29 on $10k: about 15 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.128% in total) that is about 44 hours. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SNDK | 1,769.6 | 0.0032 | pay 0.0004% / 1h | 10m 01s | $1.3M | $9.5M | 10x |
| Short | edgeX SNDKUSDC | 1,764.1 | 0.0095 | get 0.0048% / 4h | 2h 10m | $560K | $351K | 10x |
Lighter RH SNDK
edgeX SNDKUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter RH. 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
- $13.33
- Price spread: −0.312% → −0.020%
- −$29.22
- Slippage, 4 orders
- −$15.51
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$40.4
- Costs to cover
- 0.245%
- Break-even
- 28.2 days
Slippage from Lighter RH: live order book, 4 min ago; edgeX: live order book, 39 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 RH live order book, 4 min ago | 1.19 bp | 2.3 bp −$2 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 39 min ago | 5.06 bp | 9.7 bp −$10 | 11.3 bp −$113 | 46.2 bp −$4,621 | 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 | −0.0310% | 8h | 1,769.1 | −0.029% | $47.0M | $164.8M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,768.4 | −0.070% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0031% | 8h | 1,768.6 | −0.059% | $6.1M | $22.1M | 20x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,767.9 | −0.099% | $1.4M | $10.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,770.4 | +0.048% | $21.6M | $33.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,769.5 | −0.003% | $280.9M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,770 | +0.021% | $31.9M | $103.3M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,770 | +0.023% | $82.2M | $834.7M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,769.3 | −0.017% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,769.2 | −0.023% | $176.6M | $231.7M | 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 | −0.126% | $2.5M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,761.7 | −0.446% | $16K | $1.8M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,761.7 | −0.446% | $274K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,768.7 | −0.051% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,769.2 | −0.023% | $879 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,769.1 | −0.027% | $51K | $349K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,769 | −0.035% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,769 | −0.036% | $2.8M | $1.1M | 50x | as long as short |
| Nado SNDK-PERP | +0.0008% | 1h | 1,768.5 | −0.060% | $329K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0011% | 1h | 1,766.2 | −0.190% | — | $581K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,764.3 | −0.300% | $656 | $37K | 5x | as long as short |
| Pacifica SNDK | +0.0024% | 1h | 1,768 | −0.091% | $197K | $303K | 10x | as long as short |
| Lighter RH SNDKlong | +0.0032% | 1h | 1,769.6 | long leg | $1.3M | $9.5M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,768.3 | −0.071% | $437K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.716% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,764.2 | −0.307% | $262K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,768.5 | −0.062% | $243K | $666K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,769.3 | −0.017% | $119.1M | $157.9M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,765.9 | −0.209% | $4.7M | $19.9M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,767.5 | −0.119% | $185K | $131K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,767.6 | −0.112% | $723K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,768.3 | −0.074% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,767.8 | −0.102% | $1.4M | $5.1M | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0072% | 1h | 1,770.1 | +0.030% | $437K | $2.3M | 10x | as long as short |
| Lighter SNDK | +0.0080% | 1h | 1,770.4 | +0.043% | $1.8M | $16.4M | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,768.6 | −0.056% | $1K | — | 10x | as long as short |
| edgeX SNDKUSDCshort | +0.0095% | 4h | 1,764.1 | −0.312% | $560K | $351K | 10x | |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,764.5 | −0.286% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,768.4 | −0.066% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0121% | 1h | 1,769.4 | −0.011% | $127K | $347K | 20x | 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
Lighter SNDK
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD