SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.028%

Price spread now: Phoenix against Lighter RH+0.083%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.083%, 7d avg −0.006%

Together, before fees−0.239%+ Points / potential airdropLighter RH: Points live · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.089% dearer against Lighter RH than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.006%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,766.1	0.0032	pay 0.0004% / 1h	3m 27s	$1.3M	$9.6M	10x
Short	Phoenix SNDK	1,767.6	0	get 0.0000% / 1h	3m 27s	$275K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 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 Lighter RHbpFee PhoenixbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$6.72
Price spread: +0.083% → −0.006%: $8.86
Slippage, 4 orders: −$18.61
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.47
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Phoenix: live order book, 47 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, 5 min ago	0.99 bp	1.6 bp −$2	4.1 bp −$41	doesn't fit	doesn't fit
Sell Phoenix live order book, 47 min ago	3.37 bp	11.5 bp −$12	25.0 bp −$250	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	1,766.5	+0.020%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0048%	8h	1,765.9	−0.014%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0028%	1h	1,766.4	+0.015%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,763.7	−0.139%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767.2	+0.061%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,764.4	−0.100%	$337K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,765.3	−0.049%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.2	−0.109%	$279.7M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.7	−0.080%	$31.7M	$102.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.6	−0.087%	$81.8M	$826.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,765.4	−0.040%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764.4	−0.099%	$176.9M	$231.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,764.9	−0.069%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.094%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,766.8	+0.035%	$10K	$1.6M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,767.6	+0.083%	$275K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,768	+0.106%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.4	+0.070%	$774	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.8	+0.092%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.4	+0.129%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,767.8	+0.092%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0021%	1h	1,762.3	−0.219%	—	$592K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,765.8	−0.019%	$1.8M	$16.1M	20x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,766.1	long leg	$1.3M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.1	−0.115%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.915%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766	−0.007%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764.7	−0.082%	$243K	$655K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,764.2	−0.111%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.4	−0.099%	$117.1M	$153.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,763.8	−0.132%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.3	+0.068%	$722K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,765.9	−0.014%	$1.4M	$5.1M	5x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0078%	1h	1,768.3	+0.125%	$51K	$346K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	+0.098%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,765.8	−0.022%	$196K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,765.9	−0.013%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.1	+0.055%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,768.4	+0.126%	$128K	$355K	20x	as long as short
edgeX SNDKUSDC	+0.0477%	4h	1,766.5	+0.020%	$561K	$353K	10x	as long as short