SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.013%

Price spread now: Lighter against Deribit+0.284%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.284%, 7d avg +0.011%

Together, before fees−0.175%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.273% dearer against Deribit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,762.3	0	get 0.0000% / 1h	16m 45s	$37K	$388K	10x
Short	Lighter SNDK	1,767.3	0.0040	get 0.0005% / 1h	16m 45s	$1.8M	$16.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.284%Rate

Funding earned: $8.4
Price spread: +0.284% → +0.011%: $27.3
Slippage, 4 orders: −$22.16
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.54
Costs to cover: 0.292%
Break-even: 1.6 days

Slippage from Deribit: live order book, 35 min ago; Lighter: live order book, 5 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 Deribit live order book, 35 min ago	4.84 bp	19.0 bp −$19	23.8 bp −$238	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.82 bp	0.8 bp −$1	1.0 bp −$10	4.6 bp −$465	doesn't fit

SNDK on 40 exchanges

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	1,763.9	+0.093%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0019%	1h	1,762.6	+0.017%	$325K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0014%	8h	1,768.2	+0.334%	$49.9M	$168.3M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,766.4	+0.232%	$21.5M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,767.2	+0.280%	$280.9M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,767.4	+0.288%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.8	+0.313%	$82.5M	$828.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,768.7	+0.367%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.8	+0.313%	$182.0M	$218.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.5	−0.043%	$2.7M	$4.7M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,762	−0.016%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.5	+0.012%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.3	+0.002%	$606	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,762.3	long leg	$37K	$388K	10x
HTX SNDK-USDT	0.0000%	8h	1,761.8	−0.028%	$1.4M	$9.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.6	+0.073%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,762.6	+0.018%	$1.5M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,763	+0.038%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,767.2	+0.276%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767	+0.267%	$393K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.138%	$36	$9K	12x	as long as short
Lighter SNDKshort	+0.0040%	1h	1,767.3	+0.284%	$1.8M	$16.8M	20x
Arcus SNDK-USD	+0.0040%	1h	1,767.6	+0.300%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,762.6	+0.019%	—	$569K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.5	+0.012%	$245K	$681K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,766.4	+0.234%	$120.4M	$155.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,764.3	+0.115%	$4.5M	$19.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.4	+0.007%	$186K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.9	+0.032%	$723K	$517K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.1	+0.330%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,767.5	+0.296%	—	—	5x	as long as short
GRVT SNDK_USDT_Perp	+0.0075%	8h	1,762.3	+0.003%	$22K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.7	+0.022%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,766.9	+0.263%	$198K	$306K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,764.6	+0.131%	$6.1M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	+0.008%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.2	−0.006%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,763.3	+0.057%	$441K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0420%	4h	1,761.9	−0.020%	$560K	$340K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,761.8	−0.026%	$163K	$373K	20x	as long as short