Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.116%
Price spread now: Lighter RH against edgeX+0.084%80s7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as 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−$220.224% of the position
Funding, last 7 days−1.135%−$114 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.084%, 7d avg +0.022%
=Together, before fees−1.062%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$106 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.062% dearer against edgeX than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.022%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−1.135% in total) that is about 9 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 | edgeX SNDKUSDC | 1,783.4 | 0.0049 | pay 0.0024% / 4h | 2h 34m | $566K | $352K | 10x |
| Short | Lighter RH SNDK | 1,784.9 | 0.0032 | get 0.0004% / 1h | 34m 12s | $1.4M | $9.4M | 10x |
edgeX SNDKUSDC
Lighter RH SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against edgeX. 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
- −$3.54
- Price spread: +0.084% → +0.022%
- $6.24
- Slippage, 4 orders
- −$13.36
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$19.66
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 34 min ago; Lighter RH: 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 edgeX live order book, 34 min ago | 5.06 bp | 9.6 bp −$10 | 11.1 bp −$111 | 46.7 bp −$4,665 | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.40 bp | 1.5 bp −$1 | 3.4 bp −$34 | 40.2 bp −$4,024 | doesn't fit |
SNDK on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:SNDK | −0.0057% | 1h | 1,784.4 | +0.054% | $4.9M | $20.4M | 10x | as long as short |
| Phoenix SNDK | −0.0045% | 1h | 1,783.2 | −0.013% | $278K | $193K | 15x | as long as short |
| QFEX SNDK-USD | −0.0024% | 1h | 1,783.8 | +0.021% | $1.8M | $17.1M | 10x | as long as short |
| Nado SNDK-PERP | 0.0000% | 1h | 1,785.1 | +0.091% | $360K | $1.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785 | +0.086% | $21.7M | $39.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,784.4 | +0.054% | $286.2M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,785 | +0.086% | $32.0M | $100.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,784.7 | +0.071% | $85.6M | $830.6M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,784.5 | +0.057% | $180.6M | $231.7M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,784.2 | +0.041% | $44.0M | $166.1M | 75x | as long as short |
Entropy io:SNDK
Phoenix SNDK
QFEX SNDK-USD
Nado SNDK-PERP
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,783.8 | +0.020% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,783.2 | −0.015% | $15K | $1.1M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,784.2 | +0.043% | $15K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,783.9 | +0.027% | $772 | $3.7M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,784.6 | +0.063% | $51K | $329K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,784.6 | +0.065% | $1.4M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,784.4 | +0.052% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0005% | 1h | 1,785.1 | +0.095% | $670 | $37K | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0011% | 1h | 1,784.2 | +0.043% | $114.3M | $146.6M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,785.6 | +0.119% | $1.7M | $16.2M | 20x | as long as short |
| Lighter RH SNDKshort | +0.0032% | 1h | 1,784.9 | +0.084% | $1.4M | $9.4M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,784.6 | +0.063% | $470K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.927% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,783.7 | +0.017% | $312K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,783.5 | +0.005% | — | $584K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,785.1 | +0.093% | $245K | $646K | 20x | as long as short |
| edgeX SNDKUSDClong | +0.0049% | 4h | 1,783.4 | long leg | $566K | $352K | 10x | |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,784.4 | +0.056% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,784 | +0.032% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,784.2 | +0.040% | $729K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,783.9 | +0.026% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,783.9 | +0.025% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0088% | 1h | 1,783.4 | 0.000% | $437K | $2.3M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,784.5 | +0.058% | $198K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,784.4 | +0.054% | $6.1M | $21.5M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,783 | −0.022% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,783.1 | −0.018% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0132% | 1h | 1,784.8 | +0.078% | $130K | $357K | 20x | as long as short |
| RISEx SNDK/USDC | +0.0257% | 1h | 1,785.1 | +0.092% | $171K | $1.8M | 20x | as long as short |
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
tradeXYZ xyz:SNDK
Lighter SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Coinbase International SNDK-PERP-INTX
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
RISEx SNDK/USDC