Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.010%

Price spread now: Lighter RH against KuCoin−0.034%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.034%, 7d avg +0.002%

Together, before fees−0.075%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.002%). If the spread goes back, that is −$4 on $10k: about 40 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.118%, 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	KuCoin SNDKUSDTM	1,780.3	−0.0042	get 0.0042% / 8h	3h 42m	$6.1M	$22.1M	20x
Short	Lighter RH SNDK	1,779.7	0.0032	get 0.0004% / 1h	42m 41s	$1.4M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now −0.034%Rate

Funding earned: $15.54
Price spread: −0.034% → +0.002%: −$3.67
Slippage, 4 orders: −$16.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$16.2
Costs to cover: 0.281%
Break-even: 14.3 days

Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.04 bp	10.9 bp −$11	46.9 bp −$469	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.95 bp	1.0 bp −$1	2.8 bp −$28	33.7 bp −$3,369	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	1,779.6	−0.042%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0110%	1h	1,780.5	+0.010%	$4.8M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0046%	1h	1,780.1	−0.015%	$346K	$1.5M	10x	as long as short
KuCoin SNDKUSDTMlong	−0.0042%	8h	1,780.3	long leg	$6.1M	$22.1M	20x
QFEX SNDK-USD	−0.0019%	1h	1,779.1	−0.071%	$1.4M	$12.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.1	−0.013%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.3	+0.056%	$21.8M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.6	−0.042%	$283.5M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,780.1	−0.011%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.8	−0.029%	$83.4M	$824.2M	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	1,780.1	−0.010%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.6	−0.040%	$179.2M	$229.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.5	−0.044%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.106%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.004%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.106%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.6	−0.040%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.9	−0.134%	$736	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779.6	−0.040%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779	−0.076%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.9	−0.022%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.8	+0.086%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,780.1	−0.014%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,779.7	−0.034%	$1.4M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,779.5	−0.046%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.103%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	+0.096%	$566K	$353K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,779.8	−0.030%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.2	−0.121%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.6	−0.040%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.1	−0.068%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779.6	−0.040%	$117.5M	$150.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779.4	−0.052%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	−0.036%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.091%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	−0.068%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.8	−0.028%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.6	+0.018%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,779	−0.077%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,780	−0.019%	$130K	$352K	20x	as long as short