Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.019%
Price spread now: Arcus against Lighter−0.193%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$170.175% of the position
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 7 days+0.154%+$15 · spread now −0.193%, 7d avg −0.046%
=Together, before fees+0.145%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.147% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,787.9 | 0.0032 | pay 0.0004% / 1h | 14m 00s | $1.7M | $16.2M | 20x |
| Short | Arcus SNDK-USD | 1,784.4 | 0.0040 | get 0.0005% / 1h | 14m 00s | $312K | $1.6M | 10x |
Lighter SNDK
Arcus SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- $1.74
- Price spread: −0.193% → −0.046%
- −$14.66
- Slippage, 4 orders
- −$12.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$30.41
- Costs to cover
- 0.175%
- Break-even
- 129.4 days
Slippage from Lighter: live order book, 5 min ago; Arcus: 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 Lighter live order book, 5 min ago | 0.56 bp | 0.6 bp −$1 | 1.4 bp −$14 | 29.1 bp −$2,907 | doesn't fit |
| Sell Arcus live order book, 5 min ago | 1.01 bp | 12.5 bp −$13 | 13.7 bp −$137 | doesn't fit | 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 | −0.0186% | 1h | 1,786.7 | −0.065% | $51K | $331K | 10x | as long as short |
| Phoenix SNDK | −0.0045% | 1h | 1,785.5 | −0.133% | $278K | $193K | 15x | as long as short |
| Entropy io:SNDK | −0.0036% | 1h | 1,786 | −0.105% | $4.9M | $20.5M | 10x | as long as short |
| Nado SNDK-PERP | −0.0031% | 1h | 1,787.8 | −0.003% | $360K | $1.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0024% | 1h | 1,786.4 | −0.085% | $1.7M | $16.4M | 10x | as long as short |
| tradeXYZ xyz:SNDK | −0.0014% | 1h | 1,786.7 | −0.065% | $114.5M | $146.2M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,786.7 | −0.068% | $21.8M | $36.8M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,786.8 | −0.060% | $286.0M | $1.82B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,787 | −0.048% | $32.0M | $99.9M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,786.9 | −0.054% | $85.5M | $829.0M | 75x | as long as short |
Deribit SNDK_USDC-PERPETUAL
Phoenix SNDK
Entropy io:SNDK
Nado SNDK-PERP
QFEX SNDK-USD
tradeXYZ xyz:SNDK
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,786.6 | −0.073% | $180.9M | $232.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,786.7 | −0.067% | $44.0M | $164.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,785.4 | −0.141% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,784.3 | −0.200% | $16K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,786.9 | −0.054% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,786 | −0.102% | $723 | $3.7M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,786.5 | −0.078% | $1.4M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,786.6 | −0.071% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,786.4 | −0.084% | $665 | $37K | 5x | as long as short |
| Lighter SNDKlong | +0.0032% | 1h | 1,787.9 | long leg | $1.7M | $16.2M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,787.4 | −0.028% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,787.2 | −0.037% | $477K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.676% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USDshort | +0.0040% | 1h | 1,784.4 | −0.193% | $312K | $1.6M | 10x | |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,786.3 | −0.089% | — | $584K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0047% | 8h | 1,786.2 | −0.093% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,786.6 | −0.071% | $246K | $645K | 20x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,786.3 | −0.088% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,786.3 | −0.089% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,786 | −0.105% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,786.4 | −0.081% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0088% | 1h | 1,784.9 | −0.165% | $436K | $2.3M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,786.5 | −0.078% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,785.9 | −0.112% | $6.1M | $21.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,785.3 | −0.142% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,786.1 | −0.101% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0131% | 1h | 1,787.4 | −0.028% | $130K | $357K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0227% | 4h | 1,783.9 | −0.224% | $567K | $353K | 10x | as long as short |
| RISEx SNDK/USDC | +0.0257% | 1h | 1,787.3 | −0.031% | $170K | $1.8M | 20x | as long as short |
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Vest SNDK-USD-PERP
Paradex SNDK-USD-PERP
Popdex SNDKUSDT
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
edgeX SNDKUSDC
RISEx SNDK/USDC