Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Lighter against Aster+0.057%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

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

costs, in and out, $10k−$160.156% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.057%, 7d avg −0.025%

Together, before fees+0.029%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.082% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,790.1	0	get 0.0000% / 8h	4h 41m	$21.8M	$37.4M	20x
Short	Lighter SNDK	1,791.1	0.0032	get 0.0004% / 1h	41m 44s	$1.7M	$15.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.057%Rate

Funding earned: $6.72
Price spread: +0.057% → −0.025%: $8.24
Slippage, 4 orders: −$7.63
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.67
Costs to cover: 0.156%
Break-even: 7.7 days

Slippage from Aster: live order book, 2 min ago; Lighter: live order book, 12 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 Aster live order book, 2 min ago	1.59 bp	8.3 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	0.42 bp	0.6 bp −$1	1.1 bp −$11	5.1 bp −$507	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	1,789.3	−0.045%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0112%	1h	1,789.3	−0.045%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.4	+0.017%	$310K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,788.5	−0.090%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.2	−0.050%	$1.5M	$13.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.246%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,790.1	long leg	$21.8M	$37.4M	20x
Binance SNDKUSDT	0.0000%	8h	1,790	−0.004%	$287.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.6	+0.029%	$32.5M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790	−0.006%	$84.6M	$825.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,790.4	+0.014%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.7	−0.022%	$180.1M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.7	−0.024%	$43.8M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.3	−0.158%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.7	−0.137%	$12K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.7	−0.023%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.6	−0.085%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.9	−0.014%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.062%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.6	−0.028%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.4	−0.037%	$666	$37K	5x	as long as short
KuCoin SNDKUSDTM	+0.0018%	8h	1,789.1	−0.057%	$6.1M	$22.3M	20x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,791.1	+0.057%	$1.7M	$15.7M	20x
Lighter RH SNDK	+0.0032%	1h	1,790.7	+0.031%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.9	−0.009%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.550%	$36	$9K	12x	as long as short
tradeXYZ xyz:SNDK	+0.0036%	1h	1,790.1	0.000%	$115.2M	$146.3M	10x	as long as short
Popdex SNDKUSDT	+0.0040%	1h	1,789.4	−0.040%	$246K	$647K	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.182%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.3	+0.008%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	−0.035%	—	$581K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,790.1	−0.002%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	−0.051%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.2	−0.053%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788	−0.118%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.1	−0.056%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.1	−0.001%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.1	−0.115%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.6	−0.083%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0668%	4h	1,786.9	−0.177%	$568K	$353K	10x	as long as short