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: Lighter RH against Phoenix−0.158%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.275%+$28 · spread now −0.158%, 7d avg +0.006%
=Together, before fees+0.315%+ Points / potential airdropLighter RH: Points live · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.164% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of +0.006%). If the spread goes back, that is −$16 on $10k: about 17 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,767.6 | 0 | get 0.0000% / 1h | 3m 00s | $275K | $193K | 15x |
| Short | Lighter RH SNDK | 1,764.8 | 0.0032 | get 0.0004% / 1h | 3m 00s | $1.3M | $9.6M | 10x |
Phoenix SNDK
Lighter RH SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phoenix. 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
- $6.72
- Price spread: −0.158% → +0.006%
- −$16.44
- Slippage, 4 orders
- −$18.61
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$35.33
- Costs to cover
- 0.256%
- Break-even
- 43.8 days
Slippage from Phoenix: live order book, 48 min ago; Lighter RH: live order book, 6 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 Phoenix live order book, 48 min ago | 3.37 bp | 11.5 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 0.99 bp | 1.0 bp −$1 | 3.3 bp −$33 | 36.8 bp −$3,680 | 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 | 1,764.5 | −0.177% | $3.9M | $4.4M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0048% | 8h | 1,764.2 | −0.191% | $6.1M | $22.1M | 20x | as long as short |
| Entropy io:SNDK | −0.0028% | 1h | 1,766.4 | −0.068% | $4.8M | $19.8M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,763.7 | −0.222% | $1.4M | $11.9M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,767.2 | −0.022% | $433K | $2.3M | 10x | as long as short |
| Nado SNDK-PERP | −0.0001% | 1h | 1,764.4 | −0.183% | $337K | $1.5M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,765 | −0.149% | $21.5M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,764.3 | −0.188% | $279.7M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,764.7 | −0.163% | $31.7M | $102.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,764.3 | −0.187% | $82.3M | $827.8M | 75x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Entropy io:SNDK
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
Nado SNDK-PERP
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow 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 | −0.123% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,763.8 | −0.214% | $176.8M | $231.9M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,764.1 | −0.197% | $44.2M | $162.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,767.8 | +0.011% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,766.8 | −0.048% | $10K | $1.6M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,767.6 | long leg | $275K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,764.4 | −0.179% | $14K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,766.7 | −0.053% | $814 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,764.7 | −0.163% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,763.9 | −0.208% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,764.3 | −0.184% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,766.9 | −0.039% | $657 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0021% | 1h | 1,762.3 | −0.301% | — | $592K | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,765.4 | −0.127% | $1.8M | $16.1M | 20x | as long as short |
| Lighter RH SNDKshort | +0.0032% | 1h | 1,764.8 | −0.158% | $1.3M | $9.6M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,763.9 | −0.207% | $424K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.831% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,766 | −0.090% | $262K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,764.7 | −0.164% | $243K | $655K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,764.2 | −0.194% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,764 | −0.204% | $117.1M | $153.4M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,763.8 | −0.215% | $184K | $132K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,764.6 | −0.170% | $721K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,765.9 | −0.096% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,764.3 | −0.184% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,765.8 | −0.104% | $196K | $296K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,765.9 | −0.096% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,764.1 | −0.196% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0123% | 1h | 1,764.7 | −0.165% | $128K | $355K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0477% | 4h | 1,766.5 | −0.062% | $561K | $353K | 10x | as long as short |
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Vest SNDK-USD-PERP
Lighter SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC