Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%

Price spread now: Lighter against Binance+0.007%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$130.127% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.007%, 7d avg −0.042%

Together, before fees−0.045%+ Points / potential airdropLighter: Season 3 · farm board−$5 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 0.049% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,744.1	0	get 0.0000% / 8h	7h 31m	$279.2M	$1.86B	75x
Short	Lighter SNDK	1,744.2	0.0032	get 0.0004% / 1h	31m 58s	$1.7M	$16.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: $6.72
Price spread: +0.007% → −0.042%: $4.9
Slippage, 4 orders: −$2.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.04
Costs to cover: 0.127%
Break-even: 8.1 days

Slippage from Binance: live order book, 12 min ago; Lighter: live order book, 7 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 Binance live order book, 12 min ago	0.03 bp	5.1 bp −$5	6.1 bp −$61	14.5 bp −$1,449	doesn't fit
Sell Lighter live order book, 7 min ago	1.20 bp	1.2 bp −$1	2.3 bp −$23	40.2 bp −$4,017	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
GRVT SNDK_USDT_Perp	−0.0530%	8h	1,749.5	+0.311%	$21K	$2.2M	10x	as long as short
HTX SNDK-USDT	−0.0346%	8h	1,744	−0.005%	$1.4M	$10.6M	50x	as long as short
Bitget SNDKUSDT	−0.0243%	8h	1,743.8	−0.021%	$49.3M	$167.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,748.1	+0.230%	$4.0M	$4.5M	75x	as long as short
Nado SNDK-PERP	−0.0071%	1h	1,744.5	+0.020%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0048%	8h	1,745.1	+0.059%	$6.0M	$22.6M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,745.1	+0.054%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,745.3	+0.068%	$21.3M	$32.6M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,744.1	long leg	$279.2M	$1.86B	75x
Bybit SNDKUSDT	0.0000%	8h	1,744.5	+0.020%	$31.6M	$104.6M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,743.5	−0.035%	$81.5M	$821.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,746.4	+0.134%	$135K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,744.1	+0.001%	$178.1M	$218.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,748.8	+0.270%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,749	+0.280%	$272K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,744.2	+0.005%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,744.5	+0.023%	$851	$3.3M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,745.3	+0.071%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0006%	1h	1,743.1	−0.057%	—	$580K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,750	+0.335%	$765	$38K	5x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0014%	1h	1,744.2	+0.006%	$50K	$360K	10x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,744.2	+0.007%	$1.7M	$16.4M	20x
Lighter RH SNDK	+0.0032%	1h	1,743.9	−0.013%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,744	−0.006%	$444K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+3.202%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,744.1	−0.003%	$249K	$1.5M	10x	as long as short
Entropy io:SNDK	+0.0044%	1h	1,747.6	+0.200%	$4.5M	$19.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,745.7	+0.093%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,745.3	+0.068%	$240K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,743.8	−0.018%	$118.2M	$158.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,744.5	+0.022%	$183K	$127K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,744.1	+0.001%	$713K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,750.1	+0.343%	$1.3M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,743.2	−0.055%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,746.1	+0.112%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,751.6	+0.428%	$67K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,745.1	+0.056%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,746.1	+0.116%	$427K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0286%	1h	1,744.2	+0.007%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0695%	4h	1,749.3	+0.299%	$556K	$351K	10x	as long as short