Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter RH against Extended+0.052%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$100.100% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.052%, 7d avg +0.006%

Together, before fees−0.131%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.047% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,778.6	0.0032	pay 0.0004% / 1h	46m 10s	$410K	$1.6M	10x
Short	Lighter RH SNDK	1,779.5	0.0032	get 0.0004% / 1h	46m 10s	$1.3M	$9.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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 ExtendedbpFee Lighter RHbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.006%: $4.69
Slippage, 4 orders: −$5.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.32
Costs to cover: 0.100%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Lighter RH: live order book, 3 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 Extended live order book, 2 min ago	1.52 bp	4.3 bp −$4	11.4 bp −$114	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.45 bp	0.7 bp −$1	2.5 bp −$25	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	1,779.3	+0.038%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0040%	1h	1,778.1	−0.028%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,779.1	+0.030%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.5	+0.053%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.5	+0.052%	$284.6M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779.6	+0.059%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.7	+0.062%	$87.4M	$845.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.3	+0.038%	$184.3M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.6	+0.056%	$49.7M	$170.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.9	−0.042%	$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	1,779.2	+0.036%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	+0.006%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.6	+0.059%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.2	+0.036%	$984	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	+0.016%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.5	+0.050%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.6	+0.002%	$703	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.2	+0.092%	$175K	$1.8M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,779.5	+0.052%	$1.3M	$9.9M	10x
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,778.6	long leg	$410K	$1.6M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.201%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.8	+0.014%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.9	+0.018%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	−0.004%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.4	+0.045%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.9	+0.017%	$113.3M	$151.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779.1	+0.028%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.4	+0.047%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.2	+0.032%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	+0.028%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	+0.029%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	+0.045%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.2	+0.034%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.5	−0.004%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.5	−0.004%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.4	−0.009%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0184%	1h	1,780.3	+0.095%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0197%	1h	1,778.9	+0.018%	$387K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0323%	1h	1,779.8	+0.068%	$50K	$276K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,780.2	+0.091%	$130K	$407K	20x	as long as short