Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.013%

Price spread now: HTX against Lighter−0.015%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.015%, 7d avg −0.025%

Together, before fees−0.168%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,776.9	0.0128	pay 0.0016% / 1h	14m 47s	$1.6M	$16.4M	20x
Short	HTX SNDK-USDT	1,776.7	0	get 0.0000% / 8h	14m 47s	$1.5M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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 LighterbpFee HTXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$26.88
Price spread: −0.015% → −0.025%: $1.01
Slippage, 4 orders: −$4.07
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.95
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; HTX: 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 Lighter live order book, 4 min ago	0.48 bp	0.5 bp −$1	1.1 bp −$11	27.5 bp −$2,746	doesn't fit
Sell HTX live order book, 4 min ago	0.03 bp	8.0 bp −$8	10.4 bp −$104	16.6 bp −$1,663	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	1,776.6	−0.016%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0084%	1h	1,776.3	−0.034%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.2	+0.016%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,777.7	+0.044%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,776.3	−0.033%	$283.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776.6	−0.020%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,776.2	−0.040%	$86.8M	$845.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,776.4	−0.026%	$183.7M	$240.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,776.2	−0.041%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	+0.043%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	+0.056%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	+0.039%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,776.7	−0.010%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,776.6	−0.018%	$846	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,776.9	+0.002%	$50K	$303K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,776.7	−0.015%	$1.5M	$11.1M	50x
Phemex SNDKUSDT	0.0000%	8h	1,776.7	−0.012%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,777.9	+0.055%	$672	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,777.9	+0.057%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776.5	−0.025%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,776.8	−0.007%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.297%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	−0.062%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.2	+0.015%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,776.8	−0.006%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777	+0.005%	$113.2M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,776.3	−0.034%	$203K	$124K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,776.7	−0.014%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,776.4	−0.028%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777	+0.005%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,776.4	−0.028%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.119%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.5	−0.025%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.2	+0.014%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.2	+0.070%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.6	−0.018%	$8K	$2K	20x	as long as short
Lighter SNDKlong	+0.0128%	1h	1,776.9	long leg	$1.6M	$16.4M	20x
Nado SNDK-PERP	+0.0165%	1h	1,776.7	−0.011%	$355K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0394%	4h	1,777.5	+0.034%	$565K	$356K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,777.3	+0.020%	$129K	$406K	20x	as long as short