Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against GRVT−0.022%7-day average −0.032% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.022%, 7d avg −0.032%

Together, before fees−0.104%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.100%, 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	GRVT SNDK_USDT_Perp	1,762.4	0	get 0.0000% / 8h	37m 22s	$16K	$2.1M	10x
Short	Lighter RH SNDK	1,762.1	0.0032	get 0.0004% / 1h	37m 22s	$1.2M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against GRVT. 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 GRVTbpFee Lighter RHbpOrdersPrice spread, now −0.022%Rate

Funding earned: $6.72
Price spread: −0.022% → −0.032%: $1.04
Slippage, 4 orders: −$6.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.52
Costs to cover: 0.153%
Break-even: 14.8 days

Slippage from GRVT: live order book, 1 min ago; Lighter RH: live order book, 6 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 GRVT live order book, 1 min ago	0.43 bp	5.3 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.79 bp	0.9 bp −$1	2.9 bp −$29	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
Bitget SNDKUSDT	−0.0277%	8h	1,762.4	−0.002%	$48.4M	$166.2M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	−0.018%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0018%	1h	1,763	+0.032%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,761.6	−0.045%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762.3	−0.006%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763	+0.033%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.7	−0.041%	$279.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.3	−0.009%	$31.7M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.1	−0.019%	$82.4M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.2	+0.045%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.1	−0.019%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,763.8	+0.079%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,762.4	long leg	$16K	$2.1M	10x
Phoenix SNDK	0.0000%	1h	1,762.4	−0.002%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.2	−0.013%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.2	−0.011%	$848	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.5	−0.051%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.2	−0.016%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762	−0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,762.8	+0.023%	$674	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760.6	−0.103%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.8	+0.019%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,762.1	−0.022%	$1.2M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.6	−0.047%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.129%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.5	−0.053%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.1	−0.019%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.4	−0.002%	$119.4M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.3	−0.007%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.2	−0.070%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.3	−0.010%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.4	−0.001%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763.2	+0.044%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.8	−0.038%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.5	+0.004%	$198K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764	+0.091%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.4	−0.061%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	−0.001%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.4	0.000%	$127K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0690%	4h	1,762.2	−0.012%	$560K	$350K	10x	as long as short