Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter against SoDEX+0.067%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Funding, last 3 days (all we have)−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.067%, 7d avg +0.022%
=Together, before fees−0.057%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.045% dearer against SoDEX than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.022%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days. At the pace of the last 3 days (−0.041% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX SNDK-USD | 1,790.4 | 0.0050 | pay 0.0006% / 1h | 9m 36s | $732K | $514K | 10x |
| Short | Lighter SNDK | 1,791.6 | 0.0032 | get 0.0004% / 1h | 9m 36s | $1.7M | $15.8M | 20x |
SoDEX SNDK-USD
Lighter SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- −$3.78
- Price spread: +0.067% → +0.022%
- $4.52
- Slippage, 4 orders
- −$8.41
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.67
- Costs to cover
- 0.164%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 49 min ago; Lighter: live order book, 4 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 SoDEX live order book, 49 min ago | 0.03 bp | 7.5 bp −$8 | 41.8 bp −$418 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.50 bp | 0.7 bp −$1 | 1.3 bp −$13 | 7.7 bp −$771 | 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 | 1,790.8 | +0.022% | $4.0M | $4.4M | 75x | as long as short |
| Phoenix SNDK | −0.0089% | 1h | 1,790.6 | +0.012% | $279K | $193K | 15x | as long as short |
| Nado SNDK-PERP | −0.0069% | 1h | 1,791.5 | +0.062% | $349K | $1.5M | 10x | as long as short |
| Entropy io:SNDK | −0.0047% | 1h | 1,790.2 | −0.011% | $4.9M | $19.8M | 10x | as long as short |
| QFEX SNDK-USD | −0.0033% | 1h | 1,790.7 | +0.019% | $1.4M | $13.1M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0032% | 1h | 1,791.2 | +0.043% | $437K | $2.3M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0018% | 8h | 1,790 | −0.023% | $6.1M | $22.3M | 20x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,791.1 | +0.038% | $21.8M | $35.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,790.8 | +0.025% | $285.8M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,791.3 | +0.050% | $32.7M | $100.5M | 100x | as long as short |
BloFin SNDK-USDT
Phoenix SNDK
Nado SNDK-PERP
Entropy io:SNDK
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
KuCoin SNDKUSDTM
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,790.8 | +0.023% | $84.0M | $827.3M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,792 | +0.087% | $171K | $1.7M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,791 | +0.034% | $180.4M | $231.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,790.7 | +0.016% | $44.0M | $161.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,790.2 | −0.012% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,790.6 | +0.012% | $14K | $1.4M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,790.4 | +0.001% | $14K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,789.3 | −0.061% | $832 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,790.7 | +0.015% | $51K | $345K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,789.8 | −0.032% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,790.4 | −0.001% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0004% | 1h | 1,790.5 | +0.008% | $697 | $38K | 5x | as long as short |
| Lighter SNDKshort | +0.0032% | 1h | 1,791.6 | +0.067% | $1.7M | $15.8M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,791.2 | +0.046% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790.5 | +0.005% | $453K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.535% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,789 | −0.076% | $278K | $1.4M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0044% | 1h | 1,791 | +0.031% | $130K | $352K | 20x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,790.4 | −0.001% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,790.8 | +0.023% | $247K | $648K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,790.4 | +0.001% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,791.1 | +0.040% | $118.7M | $149.2M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,790.5 | +0.006% | $188K | $128K | 10x | as long as short |
| SoDEX SNDK-USDlong | +0.0050% | 1h | 1,790.4 | long leg | $732K | $514K | 10x | |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,791.3 | +0.051% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,790.1 | −0.017% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,790.7 | +0.017% | $199K | $287K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,791.4 | +0.054% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,790.2 | −0.011% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0687% | 4h | 1,790.1 | −0.015% | $569K | $351K | 10x | as long as short |
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
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
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Kraken Futures PF_SNDKUSD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC