Funding you earn now, next payment 03:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.008%
Price spread now: tradeXYZ against Lighter−0.073%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.073%, 7d avg −0.026%
=Together, before fees−0.069%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and tradeXYZ is 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SNDK | 1,789.1 | 0.0032 | pay 0.0004% / 1h | 21m 29s | $1.7M | $16.1M | 20x |
| Short | tradeXYZ xyz:SNDK | 1,787.8 | 0.0022 | get 0.0003% / 1h | 21m 29s | $114.6M | $145.6M | 10x |
Lighter SNDK
tradeXYZ xyz:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$2.08
- Price spread: −0.073% → −0.026%
- −$4.67
- Slippage, 4 orders
- −$2.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$27.25
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; tradeXYZ: live order book, 7 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 | 0.56 bp | 0.7 bp −$1 | 0.9 bp −$9 | 13.3 bp −$1,334 | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.28 bp | 9.6 bp −$10 | 10.8 bp −$108 | 15.2 bp −$1,519 | 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 | 1,786.8 | −0.130% | $4.1M | $4.4M | 75x | as long as short |
| Phoenix SNDK | −0.0090% | 1h | 1,786.4 | −0.151% | $278K | $193K | 15x | as long as short |
| Entropy io:SNDK | −0.0044% | 1h | 1,787.4 | −0.095% | $4.9M | $20.1M | 10x | as long as short |
| Nado SNDK-PERP | −0.0037% | 1h | 1,788.5 | −0.034% | $360K | $1.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0023% | 1h | 1,787.7 | −0.079% | $1.5M | $14.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,788.4 | −0.039% | $21.8M | $36.1M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,788.2 | −0.053% | $285.9M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,788.6 | −0.030% | $32.1M | $99.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,788.6 | −0.028% | $85.2M | $823.5M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,789.2 | +0.003% | $171K | $1.8M | 20x | as long as short |
BloFin SNDK-USDT
Phoenix SNDK
Entropy io:SNDK
Nado SNDK-PERP
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,788.2 | −0.049% | $180.3M | $231.0M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,788 | −0.064% | $43.9M | $161.5M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,785.9 | −0.178% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,786.6 | −0.138% | $10K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,786.6 | −0.140% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,785.3 | −0.213% | $877 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,786.8 | −0.130% | $51K | $338K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,786.2 | −0.160% | $1.4M | $10.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,786.9 | −0.125% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,787 | −0.116% | $665 | $37K | 5x | as long as short |
| tradeXYZ xyz:SNDKshort | +0.0022% | 1h | 1,787.8 | −0.073% | $114.6M | $145.6M | 10x | |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,785.7 | −0.190% | $439K | $2.3M | 10x | as long as short |
| Lighter SNDKlong | +0.0032% | 1h | 1,789.1 | long leg | $1.7M | $16.1M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,788.5 | −0.034% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,788.5 | −0.033% | $450K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.607% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,785.7 | −0.191% | $312K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,787.5 | −0.091% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,788.2 | −0.050% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,787.9 | −0.066% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,788 | −0.061% | $188K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,786.6 | −0.139% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,786.1 | −0.168% | $1.4M | $5.1M | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,787.2 | −0.108% | $130K | $352K | 20x | as long as short |
| KuCoin SNDKUSDTM | +0.0070% | 8h | 1,787.3 | −0.098% | $6.1M | $21.9M | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,786.2 | −0.162% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,788 | −0.062% | $199K | $289K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,787.3 | −0.103% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,786.2 | −0.165% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0903% | 4h | 1,785.7 | −0.188% | $567K | $352K | 10x | as long as short |
Gate SNDK_USDT
Bitget SNDKUSDT
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
Coinbase International SNDK-PERP-INTX
Lighter RH 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
Kraken Futures PF_SNDKUSD
KuCoin SNDKUSDTM
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC