Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.113%

Price spread now: Lighter against edgeX+0.083%79s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as 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−$210.206% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.028%−$103 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.083%, 7d avg +0.011%

Together, before fees−1.116%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$112 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.072% dearer against edgeX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.011%): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 79 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	edgeX SNDKUSDC	1,777.4	0.0674	pay 0.0337% / 4h	20m 06s	$565K	$354K	10x
Short	Lighter SNDK	1,778.9	0.0136	get 0.0017% / 1h	20m 06s	$1.6M	$16.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$112.99
Price spread: +0.083% → +0.011%: $7.22
Slippage, 4 orders: −$11.55
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$126.33
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from edgeX: live order book, 59 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 edgeX live order book, 59 min ago	5.05 bp	9.6 bp −$10	11.3 bp −$113	46.2 bp −$4,624	doesn't fit
Sell Lighter live order book, 4 min ago	0.34 bp	1.0 bp −$1	1.9 bp −$19	4.8 bp −$477	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	1,778	+0.037%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0068%	1h	1,777.3	−0.004%	$4.5M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.9	+0.028%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.3	+0.054%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778	+0.036%	$284.0M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778	+0.033%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.3	+0.052%	$87.2M	$845.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.7	+0.016%	$183.9M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.9	+0.029%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.6	+0.014%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.8	+0.024%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.7	+0.018%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.1	+0.039%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.1	−0.018%	$885	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.3	+0.049%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778	+0.034%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,778.4	+0.058%	$803	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.2	+0.103%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.1	+0.042%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.6	+0.012%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.271%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.4	+0.004%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.6	+0.011%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778	+0.035%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.7	+0.018%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.8	+0.024%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.9	+0.030%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.9	+0.029%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.2	+0.046%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.9	+0.030%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.092%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777.9	+0.027%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.4	−0.001%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	+0.011%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.5	+0.008%	$8K	$2K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0133%	1h	1,778.5	+0.061%	$50K	$303K	10x	as long as short
Lighter SNDKshort	+0.0136%	1h	1,778.9	+0.083%	$1.6M	$16.4M	20x
Nado SNDK-PERP	+0.0170%	1h	1,777.9	+0.030%	$360K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.8	+0.082%	$129K	$406K	20x	as long as short
edgeX SNDKUSDClong	+0.0674%	4h	1,777.4	long leg	$565K	$354K	10x