SNDK

Alert: funding

Alert: spread

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: Lighter against Polymarket Perps+0.090%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.135% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.029% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,775.1	0.0050	pay 0.0006% / 1h	12m 59s	$202K	$125K	10x
Short	Lighter SNDK	1,776.7	0.0120	get 0.0015% / 1h	12m 59s	$1.6M	$16.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.090%Rate

Funding earned: $14.7
Price spread: +0.090% → +0.061%: $2.88
Slippage, 4 orders: −$5.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.08
Costs to cover: 0.135%
Break-even: 5.1 days

Slippage from Polymarket Perps: live order book, 64 min ago; Lighter: 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 Polymarket Perps live order book, 64 min ago	1.41 bp	5.4 bp −$5	6.5 bp −$65	8.4 bp −$839	doesn't fit
Sell Lighter live order book, 6 min ago	0.48 bp	0.5 bp −$1	0.6 bp −$6	21.0 bp −$2,101	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	+0.041%	$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	+0.020%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776.4	+0.073%	$21.8M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,776.2	+0.063%	$283.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776.2	+0.060%	$31.6M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,776.5	+0.079%	$86.8M	$845.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,776.1	+0.055%	$184.0M	$240.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.9	+0.043%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	+0.145%	$2.6M	$4.7M	—	as long as short

Show 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	+0.158%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	+0.141%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.6	+0.028%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	−0.019%	$873	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775.9	+0.042%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,776.1	+0.054%	$2.8M	$1.0M	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0003%	1h	1,776.1	+0.058%	$50K	$305K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,777.1	+0.110%	$671	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,776.8	+0.094%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776	+0.053%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,775.8	+0.039%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.400%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.1	+0.001%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775.7	+0.033%	—	$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	1,775.5	+0.023%	$113.1M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,775.1	long leg	$202K	$125K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,775.7	+0.035%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,775.4	+0.019%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777	+0.107%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.5	+0.020%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0080%	4h	1,776.8	+0.097%	$564K	$356K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.221%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,775.6	+0.026%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,776.5	+0.081%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	+0.139%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,775.3	+0.010%	$8K	$2K	20x	as long as short
Lighter SNDKshort	+0.0120%	1h	1,776.7	+0.090%	$1.6M	$16.4M	20x
Nado SNDK-PERP	+0.0163%	1h	1,775.8	+0.041%	$355K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,776.2	+0.062%	$129K	$405K	20x	as long as short