SNDK funding rates

SNDK perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
11.3%long GRVT, short RISEx · net 7.4%
Highest funding now
52.3%RISEx
Lowest funding now
−35.0%BitgetCEX
Listed on
13 venues

Funding by venue

7d chartFlagsOpen
RISExSNDK/USDC52.3%41.6%15.3%11.2%10.9%40%1h05:001,584$1.4M$2.3MTradFiRxRISEx
BybitCEXSNDKUSDT39.9%30.2%14.1%6.4%11.4%67%8h08:001,583$31.3M$18.7MTradFiByBybit
GRVTSNDK_USDT_Perp25.5%11.9%4.0%2.6%2.7%33%8h08:001,584$18k$242kTradFiGrGRVT
GateCEXSNDK_USDT18.7%9.5%5.3%2.2%4.6%64%8h08:001,584$153.8M$25.2MTradFiGtGate
NadoSNDK-PERP_USDT018.4%8.8%10.5%3.0%10.8%77%1h05:001,583$270k$593kTradFiNaNado
VariationalSNDK17.0%7.6%4.8%2.1%4.3%36%8h—1,582$3.6M$6.2MTradFiVaVariational
Lighter RHSNDK14.9%15.5%14.5%6.9%14.3%98%1h05:001,584$4.1M$11.1MTradFiLrLighter RH
RWA PerpPERP_SNDK_USDC_mythos10.9%10.9%10.9%8.6%10.9%100%8h08:001,583$2k$25kTradFiRwRWA Perp
PolymarketSNDK-USD10.8%18.8%8.9%4.4%7.3%99%1h05:001,582$225k$75kTradFiPmPolymarket
LighterSNDK8.8%14.8%7.7%7.3%6.5%98%1h05:001,582$3.5M$10.1MTradFiLiLighter
Entropyio:SNDK7.5%6.9%7.4%2.5%7.5%97%1h—1,581$5.7M$25.2MTradFi
AsterSNDKUSD17.1%8.6%6.7%1.7%6.4%42%8h08:001,583$23.0M$22.0MTradFiAsAster
BitgetCEXSNDKUSDT−35.0%−5.9%8.2%6.4%10.5%51%8h08:001,584$42.6M$65.2MTradFiBgBitget

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
VariationalLighter RH−2.1%7.9%9.7%5.8%9.7%14.5%<0.1dcooling$3.6M8h/1hTradFispread not incl.VaLrcalc
LighterLighter RH6.1%0.7%6.8%0.8%6.8%10.2%<0.1dsteady$3.5MTradFiLiLrcalc
AsterLighter RH7.8%6.9%7.8%5.5%5.7%8.6%3.7dsteady$4.1M8h/1hTradFiAsLrcalc
GateCEXLighter RH−3.8%6.0%9.2%5.1%5.3%7.9%6.0dcooling$4.1M8h/1hTradFiGtLrcalc
EntropyLighter RH7.4%8.6%7.0%4.9%4.7%7.0%4.7dsteady$4.1MTradFiLrcalc
VariationalRISEx35.3%34.1%10.6%9.1%9.0%13.5%2.1dspike ×5.1$1.4M8h/1hTradFispread not incl.VaRxcalc
GRVTLighter RH−10.6%3.6%10.5%5.0%8.1%12.2%3.1dcooling$18klow OI8h/1hTradFiGrLrcalc
VariationalNado1.4%1.3%5.8%0.9%3.9%5.9%4.4dsteady$270k8h/1hTradFispread not incl.VaNacalc
PolymarketLighter RH4.1%−3.3%5.5%2.6%3.5%5.2%5.3dcooling$225kTradFiinvite onlyPmLrcalc
VariationalBybitCEX22.9%22.6%9.3%4.2%6.5%9.7%4.3dspike ×3.2$3.6MTradFispread not incl.VaBycalc
VariationalLighter−8.2%7.2%2.9%5.2%2.9%4.4%<0.1dweak$3.5M8h/1hTradFispread not incl.VaLicalc
AsterRISEx45.2%33.1%8.6%10.3%5.0%7.5%5.9dspike ×7.2$1.4M8h/1hTradFiAsRxcalc
GRVTBybitCEX14.4%18.3%10.1%3.7%4.9%7.4%7.2dsteady$18klow OITradFiGrBycalc
GateCEXRISEx33.6%32.2%10.0%9.0%4.6%6.9%7.6dspike ×5.1$1.4M8h/1hTradFiGtRxcalc
VariationalPolymarket−6.2%11.2%4.2%2.3%2.1%3.1%7.0dweak$225k8h/1hTradFiinvite onlyspread not incl.VaPmcalc
GRVTRISEx26.8%29.7%11.3%8.6%7.4%11.1%4.8dspike ×3.6$18klow OI8h/1hTradFiGrRxcalc
BitgetCEXLighter RH49.9%21.4%6.3%1.2%3.2%4.8%6.9dspike ×5.6$4.1M8h/1hTradFiBgLrcalc
LighterRISEx43.5%26.8%7.6%3.9%6.1%9.1%2.9dspike ×6.0$1.4MTradFiLiRxcalc
AsterBybitCEX32.7%21.7%7.4%4.6%2.5%3.7%9.3dspike ×4.3$23.0MTradFiAsBycalc
BitgetCEXRISEx87.3%47.5%7.2%4.8%2.5%3.7%9.2dspike ×107.9$1.4M8h/1hTradFiBgRxcalc
GRVTNado−7.2%−3.1%6.6%0.4%2.4%3.6%8.9dcooling$18klow OI8h/1hTradFiGrNacalc
NadoLighter RH−3.5%6.6%3.9%2.3%2.1%3.2%6.5dmixed$270kTradFiNaLrcalc
LighterNado9.6%−6.0%2.9%−4.3%1.0%1.6%8.9dweak$270kTradFiLiNacalc
GateCEXBybitCEX21.1%20.7%8.8%4.2%2.1%3.1%11dspike ×3.0$31.3MTradFiGtBycalc
EntropyRISEx44.8%34.8%7.9%8.7%4.0%6.0%6.9dspike ×10.2$1.4MTradFiRxcalc
LighterBybitCEX31.1%15.4%6.4%−1.0%3.6%5.4%6.2dspike ×3.1$3.5M1h/8hTradFiLiBycalc
PolymarketRISEx41.5%22.8%6.4%6.8%2.7%4.1%8.0dspike ×6.2$225kTradFiinvite onlyPmRxcalc
GRVTLighter−16.8%2.9%3.7%4.7%1.3%2.0%8.9dweak$18klow OI8h/1hTradFiGrLicalc
EntropyBybitCEX32.4%23.4%6.7%3.8%1.5%2.2%11dspike ×6.0$5.7M1h/8hTradFiBycalc
NadoRISEx33.9%32.8%4.8%8.2%1.4%2.1%9.9dspike ×293.8$270kTradFiNaRxcalc
VariationalEntropy−9.5%−0.7%2.7%0.4%0.3%0.5%12dweak$3.6M8h/1hTradFispread not incl.Vacalc
VariationalBitgetCEX−52.0%−13.5%3.4%4.3%0.3%0.4%13dcooling$3.6MTradFispread not incl.VaBgcalc
GRVTPolymarket−14.7%6.9%4.9%1.8%0.5%0.8%13dweak$18klow OI8h/1hTradFiinvite onlyGrPmcalc
PolymarketBybitCEX29.1%11.4%5.2%1.9%0.2%0.3%13dmixed$225k1h/8hTradFiinvite onlyPmBycalc
AsterNado11.2%0.3%3.9%1.2%0.0%−0.1%14dmixed$270k8h/1hTradFiAsNacalc
BitgetCEXBybitCEX74.9%36.1%6.0%−0.1%0.0%−0.1%14dspike ×38.9$31.3MTradFiBgBycalc
VariationalAster−9.8%1.0%1.9%0.6%−0.2%−0.3%15dweak$3.6MTradFispread not incl.VaAscalc
GateCEXNado−0.4%−0.6%5.3%0.8%−0.5%−0.7%15dcooling$270k8h/1hTradFiGtNacalc
LighterPolymarket2.0%4.0%1.2%−2.9%−0.8%−1.3%23dweak$225kTradFiinvite onlyLiPmcalc
EntropyNado10.9%2.0%3.1%0.5%−1.1%−1.6%19dweak$270kTradFiNacalc
AsterLighter1.6%6.2%1.0%5.7%−1.1%−1.6%29dweak$3.5M8h/1hTradFiAsLicalc
GateCEXLighter−10.0%5.3%2.4%5.1%−1.5%−2.3%23dweak$3.5M8h/1hTradFiGtLicalc
AsterPolymarket3.6%10.3%2.3%2.9%−1.9%−2.9%26dweak$225k8h/1hTradFiinvite onlyAsPmcalc
PolymarketNado7.6%−10.0%1.6%−1.4%−2.3%−3.4%34dweak$225kTradFiinvite onlyPmNacalc
GateCEXPolymarket−7.9%9.3%3.6%2.2%−2.3%−3.5%23dweak$225k8h/1hTradFiinvite onlyGtPmcalc
GRVTEntropy−18.0%−5.1%3.5%−0.1%−1.2%−1.9%19dweak$18klow OI8h/1hTradFiGrcalc
BybitCEXLighter RH−25.0%−14.7%0.4%0.5%−2.5%−3.8%112dweak$4.1M8h/1hTradFiByLrcalc
GRVTBitgetCEX−60.6%−17.8%4.2%3.8%−1.3%−2.0%18dcooling$18klow OITradFiGrBgcalc
Lighter RHRISEx37.4%26.1%0.9%5.7%−0.7%−1.1%26dspike$1.4MTradFiLrRxcalc
EntropyPolymarket3.3%11.9%1.5%1.9%−3.0%−4.4%42dweak$225kTradFiinvite onlyPmcalc
GRVTVariational−8.5%−4.4%0.8%−0.5%−1.6%−2.3%42dweak$18klow OITradFispread not incl.GrVacalc
VariationalGateCEX1.7%1.9%0.5%0.1%−3.4%−5.1%109dweak$3.6MTradFispread not incl.VaGtcalc
GRVTAster−18.4%−3.4%2.7%−0.1%−1.7%−2.6%23dweak$18klow OITradFiGrAscalc
AsterEntropy0.4%−1.7%0.8%0.4%−3.7%−5.5%80dweak$5.7M8h/1hTradFiAscalc
AsterBitgetCEX−42.2%−14.4%1.5%3.7%−3.7%−5.6%49dweak$23.0MTradFiAsBgcalc
AsterVariational9.8%−1.0%−1.9%−0.6%−4.0%−6.0%—weak$3.6MTradFispread not incl.AsVacalc
GateCEXEntropy−11.2%−2.6%2.2%0.3%−4.1%−6.1%40dweak$5.7M8h/1hTradFiGtcalc
GateCEXBitgetCEX−53.8%−15.4%2.9%4.2%−4.2%−6.2%34dcooling$42.6MTradFiGtBgcalc
EntropyLighter1.3%7.9%0.2%4.8%−2.1%−3.2%142dmixed$3.5MTradFiLicalc
NadoBybitCEX21.5%21.4%3.6%3.3%−1.1%−1.7%18dspike ×35.6$270k1h/8hTradFiNaBycalc
GateCEXAster−11.6%−0.9%1.4%−0.5%−4.6%−6.9%60dweak$23.0MTradFiGtAscalc
BitgetCEXNado53.4%14.7%2.4%−3.4%−2.6%−3.9%29dmixed$270k8h/1hTradFiBgNacalc
LighterBitgetCEX−43.8%−20.7%0.5%−0.9%−2.6%−4.0%91dmixed$3.5M1h/8hTradFiLiBgcalc
LighterVariational8.2%−7.2%−2.9%−5.2%−2.9%−4.4%—mixed$3.5M1h/8hTradFispread not incl.LiVacalc
VariationalGRVT8.5%4.4%−0.8%0.5%−3.1%−4.7%—weak$18klow OITradFispread not incl.VaGrcalc
BybitCEXRISEx12.4%11.4%1.2%4.9%−3.2%−4.8%51dmixed$1.4M8h/1hTradFiByRxcalc
Lighter RHBybitCEX25.0%14.7%−0.4%−0.5%−3.2%−4.8%—mixed$4.1M1h/8hTradFiLrBycalc
AsterGateCEX11.6%0.9%−1.4%0.5%−7.4%−11.1%—weak$23.0MTradFiAsGtcalc
EntropyBitgetCEX−42.5%−12.7%0.7%3.9%−4.8%−7.1%108dmixed$5.7M1h/8hTradFiBgcalc
GRVTGateCEX−6.8%−2.5%1.3%−0.4%−5.0%−7.5%68dweak$18klow OITradFiGrGtcalc
EntropyVariational9.5%0.7%−2.7%−0.4%−5.0%−7.5%—mixed$3.6M1h/8hTradFispread not incl.Vacalc
Lighter RHNado3.5%−6.6%−3.9%−2.3%−5.8%−8.6%—mixed$270kTradFiLrNacalc
BitgetCEXEntropy42.5%12.7%−0.7%−3.9%−6.2%−9.3%—mixed$5.7M8h/1hTradFiBgcalc
PolymarketVariational6.2%−11.2%−4.2%−2.3%−6.2%−9.4%—mixed$225k1h/8hTradFiinvite onlyspread not incl.PmVacalc
LighterGateCEX10.0%−5.3%−2.4%−5.1%−6.3%−9.5%—mixed$3.5M1h/8hTradFiLiGtcalc
BitgetCEXVariational52.0%13.5%−3.4%−4.3%−6.5%−9.8%—mixed$3.6MTradFispread not incl.BgVacalc
BitgetCEXAster42.2%14.4%−1.5%−3.7%−6.7%−10.0%—mixed$23.0MTradFiBgAscalc
AsterGRVT18.4%3.4%−2.7%0.1%−7.1%−10.7%—weak$18klow OITradFiAsGrcalc
BitgetCEXLighter43.8%20.7%−0.5%0.9%−3.6%−5.4%—spike$3.5M8h/1hTradFiBgLicalc
EntropyGateCEX11.2%2.6%−2.2%−0.3%−8.4%−12.6%—mixed$5.7M1h/8hTradFiGtcalc
BitgetCEXPolymarket45.8%24.7%0.8%−2.0%−4.4%−6.7%95dspike$225k8h/1hTradFiinvite onlyBgPmcalc
PolymarketGateCEX7.9%−9.3%−3.6%−2.2%−9.6%−14.5%—mixed$225k1h/8hTradFiinvite onlyPmGtcalc
Lighter RHVariational2.1%−7.9%−9.7%−5.8%−9.7%−14.5%—mixed$3.6M1h/8hTradFispread not incl.LrVacalc
NadoGateCEX0.4%0.6%−5.3%−0.8%−11.0%−16.5%—mixed$270k1h/8hTradFiNaGtcalc
LighterGRVT16.8%−2.9%−3.7%−4.7%−6.0%−9.1%—mixed$18klow OI1h/8hTradFiLiGrcalc
Lighter RHGateCEX3.8%−6.0%−9.2%−5.1%−13.1%−19.7%—mixed$4.1M1h/8hTradFiLrGtcalc
GateCEXGRVT6.8%2.5%−1.3%0.4%−7.5%−11.3%—mixed$18klow OITradFiGtGrcalc
EntropyGRVT18.0%5.1%−3.5%0.1%−8.2%−12.2%—mixed$18klow OI1h/8hTradFiGrcalc
PolymarketGRVT14.7%−6.9%−4.9%−1.8%−9.4%−14.1%—mixed$18klow OI1h/8hTradFiinvite onlyPmGrcalc
BitgetCEXGateCEX53.8%15.4%−2.9%−4.2%−9.9%−14.9%—spike$42.6MTradFiBgGtcalc
NadoGRVT7.2%3.1%−6.6%−0.4%−10.7%−16.1%—mixed$18klow OI1h/8hTradFiNaGrcalc
Lighter RHGRVT10.6%−3.6%−10.5%−5.0%−12.8%−19.2%—mixed$18klow OI1h/8hTradFiLrGrcalc
BitgetCEXGRVT60.6%17.8%−4.2%−3.8%−9.6%−14.5%—spike$18klow OITradFiBgGrcalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 04:01 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

SNDK · TradFi

No two venues give a usable spread right now.

SNDK: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Lighter RH1,584.22Bitget1,584.13RISEx1,583.84GRVT1,583.77Gate1,583.64Aster1,583.46RWA Perp1,583.41Nado1,583.25Bybit1,583.12Variational1,582.42Polymarket1,582Lighter1,581.96Entropy1,581.2
Entropy1,581.20.191%0.185%0.167%0.163%0.154%0.143%0.140%0.130%0.121%0.077%0.051%0.048%—
Lighter1,581.960.143%0.137%0.119%0.114%0.106%0.095%0.092%0.082%0.073%0.029%0.003%—−0.048%
Polymarket1,5820.140%0.135%0.116%0.112%0.104%0.092%0.089%0.079%0.071%0.026%—−0.003%−0.051%
Variational1,582.420.114%0.108%0.090%0.086%0.077%0.066%0.063%0.053%0.044%—−0.026%−0.029%−0.077%
Bybit1,583.120.069%0.064%0.045%0.041%0.033%0.022%0.018%0.008%—−0.044%−0.071%−0.073%−0.121%
Nado1,583.250.061%0.056%0.037%0.033%0.025%0.013%0.010%—−0.008%−0.053%−0.079%−0.082%−0.130%
RWA Perp1,583.410.051%0.045%0.027%0.023%0.015%0.003%—−0.010%−0.018%−0.063%−0.089%−0.092%−0.140%
Aster1,583.460.048%0.042%0.024%0.020%0.011%—−0.003%−0.013%−0.022%−0.066%−0.092%−0.095%−0.143%
Gate1,583.640.037%0.031%0.012%0.008%—−0.011%−0.015%−0.025%−0.033%−0.077%−0.104%−0.106%−0.154%
GRVT1,583.770.028%0.023%0.004%—−0.008%−0.020%−0.023%−0.033%−0.041%−0.086%−0.112%−0.114%−0.163%
RISEx1,583.840.024%0.018%—−0.004%−0.012%−0.024%−0.027%−0.037%−0.045%−0.090%−0.116%−0.119%−0.167%
Bitget1,584.130.006%—−0.018%−0.023%−0.031%−0.042%−0.045%−0.056%−0.064%−0.108%−0.135%−0.137%−0.185%
Lighter RH1,584.22—−0.006%−0.024%−0.028%−0.037%−0.048%−0.051%−0.061%−0.069%−0.114%−0.140%−0.143%−0.191%
All quotes (13)
VenueBidAskQualityAgeVol 24hFlags
Aster1,583.461,583.46mark5m$22.0Mclosedno FX
BitgetCEX1,584.131,584.13mark5m$65.2Mclosedno FX
BybitCEX1,583.121,583.12mark5m$18.7Mclosedno FX
Entropy1,581.21,581.2mark5m$25.2Mclosed
GateCEX1,583.641,583.64mark5m$25.2Mclosedno FX
GRVT1,583.771,583.77mark5m$242kclosedno FX
Lighter1,581.961,581.96mark5m$10.1Mclosed
Nado1,583.251,583.25mark5m$593kclosedno FX
Polymarket1,5821,582mark5m$75kclosed
Lighter RH1,584.221,584.22mark5m$11.1Mclosed
RISEx1,583.841,583.84mark5m$2.3Mclosed
RWA Perp1,583.411,583.41mark5m$25kclosed
Variational1,582.421,582.42mark5m$6.2Mclosed

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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