SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter RH against Polymarket Perps+0.041%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$160.158% of the position

Long on Polymarket Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 7 days+0.139%+$14 · spread now +0.041%, 7d avg +0.061%

Together, before fees+0.174%+ Points / potential airdropLighter RH: Points live · farm board+$17 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 Lighter RH is 0.020% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,775.2	0.0050	pay 0.0006% / 1h	12m 28s	$192K	$135K	10x
Short	Lighter RH SNDK	1,775.9	0.0032	get 0.0004% / 1h	12m 28s	$1.3M	$10.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Polymarket Perps. 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 Polymarket PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$3.78
Price spread: +0.041% → +0.061%: −$2.05
Slippage, 4 orders: −$7.75
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.58
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 64 min ago; Lighter RH: live order book, 6 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 Polymarket Perps live order book, 64 min ago	1.41 bp	5.4 bp −$5	6.5 bp −$65	8.4 bp −$839	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.46 bp	1.6 bp −$2	3.5 bp −$35	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	1,775.8	+0.035%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0084%	1h	1,776	+0.045%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,775.8	+0.031%	$2.2M	$21.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776.3	+0.062%	$21.8M	$46.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,775.9	+0.038%	$283.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776	+0.044%	$31.6M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.9	+0.039%	$86.8M	$844.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.5	+0.019%	$184.0M	$240.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.9	+0.040%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	+0.139%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	+0.152%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	+0.135%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.7	+0.026%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	−0.024%	$873	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775.9	+0.037%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,776.1	+0.048%	$2.8M	$1.0M	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0003%	1h	1,776.1	+0.052%	$50K	$305K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,776.8	+0.089%	$671	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,777	+0.099%	$174K	$1.8M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,775.9	+0.041%	$1.3M	$10.0M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,775.8	+0.033%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.395%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.1	−0.005%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775.4	+0.012%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,775.8	+0.034%	$244K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,775.6	+0.023%	$113.2M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,775.2	long leg	$192K	$135K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,775.7	+0.030%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,775.6	+0.020%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,775.3	+0.006%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.5	+0.014%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0080%	4h	1,776.8	+0.092%	$564K	$356K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.215%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.1	+0.050%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,776.4	+0.070%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	+0.133%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,775.3	+0.006%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,776.7	+0.086%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0163%	1h	1,775.8	+0.036%	$355K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,776.2	+0.056%	$129K	$405K	20x	as long as short