Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bybit+0.026%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.026%, 7d avg −0.034%

Together, before fees−0.115%+ Points / potential airdropLighter RH: Points live · farm board−$11 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 0.061% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, 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	Bybit SNDKUSDT	1,787.2	0	get 0.0000% / 8h	5h 29m	$32.1M	$99.5M	100x
Short	Lighter RH SNDK	1,787.6	0.0032	get 0.0004% / 1h	29m 46s	$1.4M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now +0.026%Rate

Funding earned: $6.72
Price spread: +0.026% → −0.034%: $6.08
Slippage, 4 orders: −$7.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.58
Costs to cover: 0.184%
Break-even: 12.8 days

Slippage from Bybit: live order book, 4 min ago; Lighter RH: 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 Bybit live order book, 4 min ago	0.70 bp	8.5 bp −$8	10.8 bp −$108	31.2 bp −$3,119	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.31 bp	1.3 bp −$1	3.0 bp −$30	31.4 bp −$3,139	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	1,788	+0.049%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,787.1	−0.004%	$278K	$193K	15x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0074%	1h	1,787.2	0.000%	$51K	$338K	10x	as long as short
Entropy io:SNDK	−0.0051%	1h	1,787.1	−0.004%	$4.9M	$20.2M	10x	as long as short
Nado SNDK-PERP	−0.0034%	1h	1,788.7	+0.086%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.9	−0.017%	$1.5M	$14.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.2	+0.003%	$21.8M	$37.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.9	−0.016%	$285.5M	$1.80B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,787.2	long leg	$32.1M	$99.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.1	−0.004%	$85.1M	$823.0M	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	1,788.2	+0.055%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787	−0.012%	$180.3M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.7	−0.026%	$43.8M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.9	+0.040%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788	+0.046%	$18K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787	−0.010%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.1	−0.003%	$590	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.7	−0.026%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.8	−0.021%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.6	+0.024%	$665	$38K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.082%	$439K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0029%	1h	1,786.7	−0.026%	$114.5M	$145.7M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.1	+0.051%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,787.6	+0.026%	$1.4M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.1	−0.005%	$467K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.716%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.5	−0.036%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.2	+0.004%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.8	−0.021%	$246K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787.7	+0.029%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.6	−0.032%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.9	−0.016%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.7	+0.030%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,787.3	+0.005%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.6	−0.033%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0085%	8h	1,786.5	−0.036%	$6.1M	$21.7M	20x	as long as short
Pacifica SNDK	+0.0094%	1h	1,787.6	+0.024%	$199K	$292K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.5	+0.019%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.3	−0.048%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0871%	4h	1,787.7	+0.032%	$568K	$353K	10x	as long as short