Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.013%
Price spread now: QFEX against Lighter RH−0.038%7-day average −0.015% · 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−$18as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Funding, last 4 days (all we have)−0.036%−$4 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now −0.038%, 7d avg −0.015%
=Together, before fees+0.008%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.023% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SNDK | 1,761.8 | 0.0032 | pay 0.0004% / 1h | 5m 54s | $1.2M | $9.6M | 10x |
| Short | QFEX SNDK-USD | 1,761.2 | −0.0001 | pay 0.0000% / 1h | 5m 54s | $1.4M | $9.9M | 10x |
Lighter RH SNDK
QFEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter RH. 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
- −$6.9
- Price spread: −0.038% → −0.015%
- −$2.32
- Slippage, 4 orders
- −$6.06
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$25.28
- Costs to cover
- 0.161%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; QFEX: live order book, 8 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 RH live order book, 3 min ago | 0.57 bp | 0.8 bp −$1 | 2.9 bp −$29 | 38.0 bp −$3,803 | doesn't fit |
| Sell QFEX live order book, 8 min ago | 0.25 bp | 6.2 bp −$6 | 6.3 bp −$63 | 11.5 bp −$1,149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0249% | 8h | 1,761.7 | −0.005% | $50.0M | $166.6M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,760.8 | −0.060% | $3.9M | $4.6M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0003% | 8h | 1,760.7 | −0.065% | $6.0M | $22.5M | 20x | as long as short |
| Nado SNDK-PERP | −0.0003% | 1h | 1,760.9 | −0.051% | $330K | $1.5M | 10x | as long as short |
| QFEX SNDK-USDshort | −0.0001% | 1h | 1,761.2 | −0.038% | $1.4M | $9.9M | 10x | |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,761.9 | +0.003% | $21.5M | $32.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,761.7 | −0.005% | $279.8M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,762.2 | +0.021% | $31.8M | $103.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,761.6 | −0.013% | $82.3M | $833.3M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,762.6 | +0.044% | $120K | $1.6M | 20x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Nado SNDK-PERP
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 | 1,761.6 | −0.016% | $179.0M | $229.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,760 | −0.102% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,760.2 | −0.090% | $22K | $2.1M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,761.4 | −0.024% | $274K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,761.4 | −0.024% | $14K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,761.1 | −0.039% | $977 | $3.4M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,761.5 | −0.019% | $51K | $356K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,760.6 | −0.072% | $1.4M | $10.5M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,761.5 | −0.018% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0015% | 1h | 1,758.9 | −0.164% | — | $579K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0016% | 1h | 1,761.4 | −0.027% | $673 | $38K | 5x | as long as short |
| Lighter RH SNDKlong | +0.0032% | 1h | 1,761.8 | long leg | $1.2M | $9.6M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,761.8 | −0.001% | $493K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.164% | $36 | $9K | 12x | as long as short |
| Lighter SNDK | +0.0040% | 1h | 1,762.5 | +0.036% | $1.8M | $16.4M | 20x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,760 | −0.107% | $256K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,761.4 | −0.024% | $242K | $651K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,761.8 | −0.002% | $119.9M | $157.6M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,760.6 | −0.070% | $4.6M | $19.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,760.4 | −0.081% | $185K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,761.1 | −0.044% | $720K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,760.5 | −0.077% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,760.4 | −0.081% | $1.4M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,761.1 | −0.043% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,761.1 | −0.042% | $197K | $307K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,760.5 | −0.073% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,760.9 | −0.052% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,762 | +0.009% | $429K | $2.1M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0274% | 1h | 1,761.8 | −0.002% | $126K | $340K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0581% | 4h | 1,760 | −0.106% | $559K | $350K | 10x | as long as short |
Gate SNDK_USDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Lighter SNDK
Arcus SNDK-USD
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC