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 +0.011%

Price spread now: Lighter against HTX+0.126%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.126%, 7d avg +0.026%

Together, before fees+0.060%+ Points / potential airdropLighter: Season 3 · farm board+$6 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 is 0.100% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,783.2	0	get 0.0000% / 8h	5h 58m	$1.4M	$10.4M	50x
Short	Lighter SNDK	1,785.4	0.0032	get 0.0004% / 1h	58m 34s	$1.7M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.126%Rate

Funding earned: $6.72
Price spread: +0.126% → +0.026%: $10.01
Slippage, 4 orders: −$5.64
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.91
Costs to cover: 0.176%
Break-even: 7.9 days

Slippage from HTX: live order book, 1 min ago; Lighter: 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 HTX live order book, 1 min ago	0.03 bp	8.7 bp −$9	11.4 bp −$114	19.2 bp −$1,922	doesn't fit
Sell Lighter live order book, 5 min ago	0.48 bp	0.5 bp $0	0.9 bp −$9	4.4 bp −$444	doesn't fit

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.4	+0.070%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.6	+0.080%	$1.6M	$15.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.6	+0.136%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.5	+0.129%	$285.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.5	+0.133%	$32.1M	$99.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.4	+0.126%	$85.3M	$821.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,785.8	+0.150%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.8	+0.093%	$180.1M	$230.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.4	+0.071%	$43.8M	$163.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.2	+0.061%	$2.6M	$4.7M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.5	+0.133%	$19K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,782.3	−0.048%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.5	−0.095%	$857	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,783.2	+0.002%	$50K	$332K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,783.2	long leg	$1.4M	$10.4M	50x
Phemex SNDKUSDT	0.0000%	8h	1,783.7	+0.029%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,784.6	+0.081%	$664	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,782.5	−0.040%	$435K	$2.3M	10x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,785.4	+0.126%	$1.7M	$16.0M	20x
Lighter RH SNDK	+0.0032%	1h	1,784.8	+0.092%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.5	+0.078%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.942%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,782.8	−0.022%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,781.8	−0.075%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.3	+0.064%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.1	+0.109%	$246K	$645K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,784.5	+0.075%	$114.4M	$146.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,784.3	+0.064%	$4.9M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,781.8	−0.076%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783	−0.007%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	+0.064%	$1.4M	$5.0M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,783.1	−0.006%	$130K	$355K	20x	as long as short
Nado SNDK-PERP	+0.0060%	1h	1,783.3	+0.010%	$359K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.7	−0.025%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,784.7	+0.086%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,783.8	+0.038%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,784.5	+0.073%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.3	−0.051%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0591%	4h	1,784.5	+0.076%	$567K	$354K	10x	as long as short