Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0312%/8h= +34.2% APRpaid last 24h +0.012%

Price spread now: Lighter against Bitget+0.041%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

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

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.041%, 7d avg −0.026%

Together, before fees−0.111%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.067% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.026%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,762.7	−0.0280	get 0.0280% / 8h	38m 06s	$48.4M	$166.2M	75x
Short	Lighter SNDK	1,763.4	0.0032	get 0.0004% / 1h	38m 06s	$1.8M	$16.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.041%Rate

Funding earned: $65.52
Price spread: +0.041% → −0.026%: $6.73
Slippage, 4 orders: −$3.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $56.62
Costs to cover: 0.156%
Break-even: 1.0 days

Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 6 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 Bitget live order book, 1 min ago	0.34 bp	7.2 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.45 bp	0.5 bp −$1	1.3 bp −$13	5.1 bp −$506	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
Bitget SNDKUSDTlong	−0.0280%	8h	1,762.7	long leg	$48.4M	$166.2M	75x
BloFin SNDK-USDT	−0.0120%	8h	1,762.4	−0.016%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0018%	1h	1,762.9	+0.015%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0017%	8h	1,761.6	−0.061%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762.2	−0.026%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763	+0.019%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.3	−0.022%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.8	+0.009%	$31.7M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.3	−0.022%	$82.4M	$834.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.4	+0.041%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.3	−0.022%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,763.8	+0.065%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.6	+0.054%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.1	+0.024%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.4	−0.015%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.5	−0.008%	$985	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.5	−0.012%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.2	−0.030%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.2	−0.028%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,762.6	−0.003%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.2	−0.140%	—	$579K	10x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,763.4	+0.041%	$1.8M	$16.3M	20x
Lighter RH SNDK	+0.0032%	1h	1,762.7	+0.001%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.2	−0.025%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.115%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.6	−0.062%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.6	−0.005%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.6	−0.005%	$119.4M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.5	−0.010%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.2	−0.084%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.3	−0.022%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.4	−0.018%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763.2	+0.030%	$1.4M	$5.2M	5x	as long as short
edgeX SNDKUSDC	+0.0058%	4h	1,763.6	+0.053%	$560K	$350K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762	−0.040%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.6	−0.005%	$198K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764	+0.077%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.1	−0.035%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	−0.015%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.8	+0.006%	$127K	$340K	20x	as long as short