Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.030%
Price spread now: Lighter RH against Phoenix−0.086%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 3 days (all we have)+0.174%+$17 · spread now −0.086%, 7d avg +0.008%
=Together, before fees+0.209%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.094% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.008%). If the spread goes back, that is −$9 on $10k: about 9.8 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,792.2 | 0 | get 0.0000% / 1h | 21m 34s | $279K | $195K | 15x |
| Short | Lighter RH SNDK | 1,790.7 | 0.0032 | get 0.0004% / 1h | 21m 34s | $1.4M | $9.6M | 10x |
Phoenix SNDK
Lighter RH SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phoenix. 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
- $6.72
- Price spread: −0.086% → +0.008%
- −$9.41
- Slippage, 4 orders
- −$16.38
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$26.08
- Costs to cover
- 0.234%
- Break-even
- 34.2 days
Slippage from Phoenix: live order book, 48 min ago; Lighter RH: live order book, 2 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 Phoenix live order book, 48 min ago | 2.82 bp | 10.2 bp −$10 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.23 bp | 1.3 bp −$1 | 4.0 bp −$40 | 38.5 bp −$3,849 | 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 | 1,790.7 | −0.086% | $4.1M | $4.5M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,790.2 | −0.114% | $21.8M | $43.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,790.6 | −0.090% | $286.3M | $1.84B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,791.1 | −0.061% | $32.1M | $100.2M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,790.9 | −0.073% | $87.0M | $834.9M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,790.3 | −0.105% | $182.2M | $235.3M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,790.7 | −0.084% | $48.0M | $168.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,792.4 | +0.009% | $2.6M | $4.6M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,791.5 | −0.041% | $22K | $1.1M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,792.2 | long leg | $279K | $195K | 15x |
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_PerpShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet SNDK-USD | 0.0000% | 1h | 1,790.9 | −0.073% | $15K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,789.5 | −0.151% | $846 | $3.8M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,790.6 | −0.089% | $50K | $314K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,790.2 | −0.113% | $1.5M | $10.9M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,790.5 | −0.095% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | +0.0001% | 1h | 1,790.3 | −0.109% | $2.0M | $19.6M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,791.6 | −0.035% | $171K | $1.8M | 20x | as long as short |
| Aftermath Perps SNDKUSD | +0.0008% | 1h | 1,790.4 | −0.101% | $684 | $37K | 5x | as long as short |
| Nado SNDK-PERP | +0.0008% | 1h | 1,790.7 | −0.081% | $347K | $1.4M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,791.3 | −0.049% | $1.7M | $16.3M | 20x | as long as short |
| Lighter RH SNDKshort | +0.0032% | 1h | 1,790.7 | −0.086% | $1.4M | $9.6M | 10x | |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790.8 | −0.075% | $444K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.433% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,789.6 | −0.143% | $305K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,790 | −0.123% | — | $585K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,791 | −0.067% | $246K | $648K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,790.2 | −0.110% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,790.3 | −0.106% | $115.0M | $147.3M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,789.5 | −0.151% | $4.8M | $20.2M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,790.1 | −0.117% | $187K | $135K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,789.9 | −0.128% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,790.1 | −0.115% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,790.1 | −0.117% | $199K | $291K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,789.4 | −0.156% | $6.1M | $22.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,791 | −0.066% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,789.5 | −0.152% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0128% | 1h | 1,790 | −0.122% | $441K | $2.3M | 10x | as long as short |
| SoDEX SNDK-USD | +0.0182% | 1h | 1,790.4 | −0.103% | $732K | $515K | 10x | as long as short |
| edgeX SNDKUSDC | +0.0243% | 4h | 1,789.4 | −0.155% | $568K | $354K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0659% | 1h | 1,791.1 | −0.063% | $130K | $379K | 20x | as long as short |
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
RISEx SNDK/USDC
Aftermath Perps SNDKUSD
Nado SNDK-PERP
Lighter SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
SoDEX SNDK-USD
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD