SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.022%

Price spread now: Lighter RH against Entropy−0.004%7-day average +0.043% · 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−$28as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Entropy Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.004%, 7d avg +0.043%

Together, before fees+0.020%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.047% cheaper against Entropy than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.043%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.011% in total) that is about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,785.4	−0.0059	get 0.0007% / 1h	48m 29s	$4.9M	$20.3M	10x
Short	Lighter RH SNDK	1,785.3	0.0032	get 0.0004% / 1h	48m 29s	$1.4M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Entropy. 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 EntropybpFee Lighter RHbpOrdersPrice spread, now −0.004%Rate

Funding earned: $19.16
Price spread: −0.004% → +0.043%: −$4.74
Slippage, 4 orders: −$5.52
Fee Entropy: 9 bp × 2 orders: −$18
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$9.09
Costs to cover: 0.235%
Break-even: 10.3 days

Slippage from Entropy: live order book, 8 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 Entropy live order book, 8 min ago	0.28 bp	9.8 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.03 bp	0.1 bp $0	1.8 bp −$18	32.8 bp −$3,279	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
Deribit SNDK_USDC-PERPETUAL	−0.0097%	1h	1,785.8	+0.025%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.062%	$278K	$193K	15x	as long as short
Entropy io:SNDKlong	−0.0059%	1h	1,785.4	long leg	$4.9M	$20.3M	10x
Nado SNDK-PERP	−0.0045%	1h	1,786.2	+0.045%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.4	−0.057%	$1.6M	$15.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.6	+0.012%	$21.8M	$37.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.1	−0.017%	$285.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.3	−0.005%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.3	−0.006%	$85.4M	$821.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,786.3	+0.051%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785	−0.020%	$180.1M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.1	−0.020%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	+0.004%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.022%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	+0.034%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	−0.017%	$859	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.3	−0.003%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.6	+0.012%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.3	+0.052%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0014%	1h	1,784.9	−0.028%	$114.4M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	+0.031%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.8	+0.025%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,785.3	−0.004%	$1.4M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.8	+0.025%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.816%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.6	−0.045%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.1	−0.016%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.1	−0.017%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.7	−0.040%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.8	−0.034%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	+0.017%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.9	+0.028%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.3	+0.053%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	+0.004%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,784.9	−0.028%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.1	−0.018%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.044%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	−0.013%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0374%	4h	1,785.6	+0.013%	$567K	$352K	10x	as long as short