Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.038%

Price spread now: Lighter against BloFin+0.038%90s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.145% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.038%, 7d avg +0.003%

Together, before fees0.000%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.035% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,771.6	−0.0120	get 0.0120% / 8h	1h 49m	$4.1M	$4.5M	75x
Short	Lighter SNDK	1,772.3	0.0032	get 0.0004% / 1h	49m 35s	$1.5M	$16.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $31.92
Price spread: +0.038% → +0.003%: $3.51
Slippage, 4 orders: −$2.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.9
Costs to cover: 0.145%
Break-even: 2.4 days

Slippage from BloFin: live order book, 4 min ago; Lighter: live order book, 4 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 BloFin live order book, 4 min ago	0.31 bp	6.6 bp −$7	7.7 bp −$77	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.37 bp	0.6 bp −$1	1.4 bp −$14	5.7 bp −$574	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-USDTlong	−0.0120%	8h	1,771.6	long leg	$4.1M	$4.5M	75x
QFEX SNDK-USD	−0.0007%	1h	1,771.4	−0.011%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.7	+0.004%	$21.8M	$39.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.4	−0.010%	$286.7M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.6	−0.002%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.5	−0.007%	$87.8M	$845.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.3	−0.016%	$183.3M	$241.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.5	−0.006%	$49.6M	$171.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.6	0.000%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.5	−0.007%	$10K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,771.8	+0.010%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.6	−0.003%	$13K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.2	−0.027%	$949	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.6	0.000%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771.4	−0.015%	$2.8M	$959K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,771.5	−0.007%	$682	$38K	5x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0010%	1h	1,772	+0.021%	$49K	$237K	10x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,772.4	+0.047%	$162K	$1.8M	20x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,772.3	+0.038%	$1.5M	$16.1M	20x
Lighter RH SNDK	+0.0032%	1h	1,771.9	+0.016%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.2	−0.023%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.600%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771	−0.033%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.8	−0.049%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.5	−0.007%	$244K	$672K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.6	−0.001%	$112.6M	$152.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,770.6	−0.058%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.4	−0.012%	$196K	$90K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.6	−0.002%	$724K	$550K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.3	−0.018%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.2	−0.022%	—	—	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,773.3	+0.094%	$438K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0064%	1h	1,771.5	−0.005%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.4	−0.013%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.3	−0.018%	$213K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.8	−0.048%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.7	+0.006%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.7	−0.051%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0202%	4h	1,771.5	−0.008%	$563K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,772.4	+0.044%	$129K	$415K	20x	as long as short