Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.017%

Price spread now: Lighter RH against Binance+0.056%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 2 days (all we have)−0.022%−$2 · spread now +0.056%, 7d avg +0.016%

Together, before fees−0.173%+ Points / potential airdropLighter RH: Points live · farm board−$17 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 RH is 0.039% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,793	0	get 0.0000% / 8h	7h 26m	$286.7M	$1.84B	75x
Short	Lighter RH SNDK	1,794	0.0032	get 0.0004% / 1h	26m 23s	$1.4M	$9.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.056%Rate

Funding earned: $6.72
Price spread: +0.056% → +0.016%: $3.94
Slippage, 4 orders: −$5.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.58
Costs to cover: 0.152%
Break-even: 11.8 days

Slippage from Binance: live order book, 3 min ago; Lighter RH: live order book, 2 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, 3 min ago	0.03 bp	5.1 bp −$5	6.2 bp −$62	14.4 bp −$1,443	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.22 bp	2.4 bp −$2	5.6 bp −$56	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	1,792.2	−0.040%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,793	+0.005%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,793	long leg	$286.7M	$1.84B	75x
Bybit SNDKUSDT	0.0000%	8h	1,793.6	+0.037%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,793.5	+0.031%	$86.6M	$837.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,792.9	−0.003%	$182.7M	$235.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,793.2	+0.014%	$48.1M	$169.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	−0.033%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787	−0.335%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,787.7	−0.293%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,792.9	−0.003%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,790.9	−0.113%	$1K	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,792.6	−0.020%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,792.2	−0.040%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,793.1	+0.006%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,793.4	+0.025%	$2.0M	$19.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,794	+0.061%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,794.6	+0.093%	$355K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,789.1	−0.216%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,794.2	+0.072%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,794	+0.056%	$1.4M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,793.6	+0.035%	$437K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.391%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.5	−0.194%	$304K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,792.9	−0.003%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,792.7	−0.014%	$246K	$647K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,793.2	+0.014%	$115.5M	$148.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	−0.153%	$4.9M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,792.6	−0.020%	$188K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,793.6	+0.039%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,793.6	+0.036%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,793	+0.002%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,792.7	−0.014%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,792.3	−0.037%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.5	−0.139%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,792.4	−0.033%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,793.7	+0.041%	$443K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0190%	1h	1,791.1	−0.105%	$732K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0623%	4h	1,787.8	−0.285%	$568K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,793.1	+0.006%	$130K	$379K	20x	as long as short