Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate−0.003%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.003%, 7d avg −0.030%

Together, before fees−0.016%+ Points / potential airdropLighter RH: Points live · farm board−$2 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 0.026% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,781.1	0	get 0.0000% / 8h	3h 49m	$179.8M	$228.7M	75x
Short	Lighter RH SNDK	1,781	0.0032	get 0.0004% / 1h	49m 10s	$1.4M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now −0.003%Rate

Funding earned: $6.72
Price spread: −0.003% → −0.030%: $2.64
Slippage, 4 orders: −$7.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.28
Costs to cover: 0.226%
Break-even: 20.8 days

Slippage from Gate: live order book, 5 min ago; Lighter RH: live order book, 5 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 Gate live order book, 5 min ago	0.48 bp	8.7 bp −$9	17.7 bp −$177	37.8 bp −$3,779	60.3 bp −$30.2K
Sell Lighter RH live order book, 5 min ago	1.26 bp	1.4 bp −$1	3.5 bp −$35	33.8 bp −$3,376	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	1,780	−0.060%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0114%	1h	1,783	+0.109%	$4.9M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0050%	1h	1,782.4	+0.078%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,781.5	+0.028%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,781.1	+0.001%	$1.4M	$12.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.252%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,782.5	+0.082%	$21.8M	$34.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,780.3	−0.042%	$283.4M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,781.2	+0.006%	$32.3M	$101.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,780.4	−0.036%	$83.6M	$822.9M	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	1,782.2	+0.062%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,781.1	long leg	$179.8M	$228.7M	75x
Bitget SNDKUSDT	0.0000%	8h	1,781	−0.004%	$43.7M	$161.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.1	+0.112%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785	+0.223%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.1	+0.059%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,781.1	+0.003%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.4	−0.090%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.3	+0.015%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,780.2	−0.050%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,780.3	−0.040%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,784.7	+0.202%	$701	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,781.6	+0.031%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,781	−0.003%	$1.4M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,781	−0.003%	$438K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.062%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783	+0.107%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,780.7	−0.019%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,780.9	−0.008%	$245K	$649K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,781.7	+0.038%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,781.4	+0.020%	$117.8M	$150.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,780.9	−0.008%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,780.8	−0.014%	$728K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.5	+0.025%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.5	−0.029%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,781.8	+0.043%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785	+0.221%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,780.4	−0.037%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,781.4	+0.019%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0187%	4h	1,784.5	+0.193%	$567K	$352K	10x	as long as short