SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.049%

Price spread now: Lighter against Kraken Futures+0.095%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.661%−$66 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.095%, 7d avg +0.004%

Together, before fees−0.713%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.090% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.004%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.661% in total) that is about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,783.6	0.0132	pay 0.0016% / 1h	37m 40s	$130K	$364K	20x
Short	Lighter SNDK	1,785.3	0.0032	get 0.0004% / 1h	37m 40s	$1.7M	$16.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$20.95
Price spread: +0.095% → +0.004%: $9.01
Slippage, 4 orders: −$29.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$50.97
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 30 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 Kraken Futures live order book, 30 min ago	3.91 bp	19.2 bp −$19	44.6 bp −$446	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.47 bp	0.5 bp $0	0.9 bp −$9	27.7 bp −$2,775	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	1,788	+0.245%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0091%	1h	1,784.9	+0.070%	$4.9M	$20.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0086%	1h	1,783.6	−0.001%	$51K	$328K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.177%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,782.5	−0.065%	$1.8M	$17.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.3	+0.096%	$21.7M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.3	+0.036%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.7	+0.061%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.7	+0.059%	$85.7M	$830.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784	+0.020%	$180.3M	$231.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,784.6	+0.053%	$44.0M	$167.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.184%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.3	+0.206%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783	−0.035%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,782.2	−0.081%	$994	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782.9	−0.043%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783.7	+0.002%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,783.7	+0.003%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,786.6	+0.166%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0006%	1h	1,784.3	+0.037%	$114.2M	$146.5M	10x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,785.3	+0.095%	$1.7M	$16.2M	20x
Lighter RH SNDK	+0.0032%	1h	1,784.9	+0.070%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.9	+0.071%	$469K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.915%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.5	+0.048%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,782.8	−0.049%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783	−0.036%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.2	+0.029%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,782.6	−0.059%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.6	−0.005%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,782.4	−0.070%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.9	−0.041%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.012%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.049%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.1	+0.079%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.239%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.7	−0.055%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0132%	1h	1,783.6	long leg	$130K	$364K	20x
RISEx SNDK/USDC	+0.0257%	1h	1,783.8	+0.009%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0279%	4h	1,787.4	+0.208%	$568K	$351K	10x	as long as short