SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.057%

Price spread now: Kraken Futures against Lighter−0.031%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.663%+$66 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.031%, 7d avg −0.004%

Together, before fees+0.663%+ Points / potential airdropLighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.026% cheaper against Lighter than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of −0.004%). If the spread goes back, that is −$3 on $10k: about 7.1 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.663% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,791.3	0.0032	pay 0.0004% / 1h	11m 33s	$1.7M	$15.8M	20x
Short	Kraken Futures PF_SNDKUSD	1,790.8	0.0044	get 0.0006% / 1h	11m 33s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.031%Rate

Funding earned: $2.59
Price spread: −0.031% → −0.004%: −$2.64
Slippage, 4 orders: −$26.6
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.65
Costs to cover: 0.366%
Break-even: 105.9 days

Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 46 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, 7 min ago	0.39 bp	0.4 bp $0	0.8 bp −$8	3.9 bp −$394	doesn't fit
Sell Kraken Futures live order book, 46 min ago	2.51 bp	22.5 bp −$23	46.2 bp −$462	doesn't fit	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	1,790.2	−0.064%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	−0.079%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0073%	1h	1,790.8	−0.027%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,789.9	−0.079%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.4	−0.054%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.7	−0.035%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,789.7	−0.093%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	−0.043%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.6	−0.042%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.9	−0.021%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.6	−0.040%	$84.1M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.4	+0.004%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.6	−0.039%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.5	−0.046%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	−0.091%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.095%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.5	−0.046%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.1	−0.126%	$923	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.7	−0.034%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.5	−0.102%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.5	−0.048%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.6	−0.043%	$666	$38K	5x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,791.3	long leg	$1.7M	$15.8M	20x
Lighter RH SNDK	+0.0032%	1h	1,790.9	−0.021%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.4	−0.049%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.482%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.7	−0.145%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0044%	1h	1,790.8	−0.031%	$130K	$352K	20x
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.2	−0.062%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.6	−0.040%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.2	−0.065%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.8	−0.029%	$118.0M	$148.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.2	−0.063%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.9	−0.077%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	−0.068%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	−0.083%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.5	−0.046%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.093%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.7	−0.090%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.126%	$568K	$353K	10x	as long as short