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 +0.010%

Price spread now: Lighter RH against HTX+0.077%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$190.187% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.077%, 7d avg +0.034%

Together, before fees+0.149%+ Points / potential airdropLighter RH: Points live · farm board+$15 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 0.043% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,789.7	0	get 0.0000% / 8h	5h 04m	$1.4M	$10.7M	50x
Short	Lighter RH SNDK	1,791	0.0032	get 0.0004% / 1h	4m 48s	$1.4M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.077%Rate

Funding earned: $6.72
Price spread: +0.077% → +0.034%: $4.32
Slippage, 4 orders: −$6.66
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.62
Costs to cover: 0.187%
Break-even: 14.9 days

Slippage from HTX: live order book, 4 min ago; Lighter RH: 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 HTX live order book, 4 min ago	0.03 bp	6.4 bp −$6	8.4 bp −$84	16.8 bp −$1,682	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.54 bp	1.6 bp −$2	2.9 bp −$29	33.2 bp −$3,324	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	1,790.2	+0.031%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,790.7	+0.059%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0048%	1h	1,790.9	+0.069%	$361K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0045%	1h	1,790	+0.020%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,789.7	+0.003%	$1.5M	$14.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790	+0.019%	$21.8M	$35.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.1	+0.027%	$287.0M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.7	+0.060%	$32.5M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.3	+0.036%	$85.0M	$825.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.2	+0.084%	$170K	$1.8M	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	1,790.2	+0.030%	$180.7M	$231.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.1	+0.024%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.6	−0.003%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.1	+0.026%	$19K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.2	+0.029%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.1	−0.031%	$766	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.8	+0.062%	$51K	$342K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,789.7	long leg	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,790.3	+0.034%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.8	+0.062%	$666	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0012%	1h	1,790.1	+0.025%	$114.8M	$145.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.221%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.5	+0.104%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,791	+0.077%	$1.4M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	+0.059%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.576%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.8	−0.046%	$313K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	+0.039%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.2	+0.031%	$247K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,790	+0.017%	—	—	5x	as long as short
KuCoin SNDKUSDTM	+0.0050%	8h	1,789.2	−0.026%	$6.1M	$22.1M	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	+0.008%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.2	+0.029%	$732K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.9	+0.014%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,790.7	+0.060%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.7	+0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,790.2	+0.032%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.9	+0.015%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.7	+0.002%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0650%	4h	1,789.5	−0.010%	$568K	$352K	10x	as long as short