Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.019%

Price spread now: OKX against Lighter−0.062%7-day average +0.018% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$120.125% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.062%, 7d avg +0.018%

Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.081% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,781.3	0.0032	pay 0.0004% / 1h	45m 46s	$1.7M	$15.6M	20x
Short	OKX SNDK-USDT-SWAP	1,780.2	0	get 0.0000% / 8h	3h 45m	$83.5M	$823.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$6.72
Price spread: −0.062% → +0.018%: −$8.07
Slippage, 4 orders: −$2.47
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.26
Costs to cover: 0.125%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; OKX: live order book, 3 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, 8 min ago	0.67 bp	1.0 bp −$1	2.2 bp −$22	40.2 bp −$4,023	doesn't fit
Sell OKX live order book, 3 min ago	0.28 bp	5.3 bp −$5	5.3 bp −$53	8.9 bp −$892	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	1,782	+0.038%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0090%	1h	1,781.8	+0.028%	$4.8M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0049%	1h	1,782.8	+0.085%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0039%	8h	1,781.3	−0.002%	$6.1M	$22.0M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,782.1	+0.043%	$1.4M	$12.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.237%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,782.4	+0.058%	$21.7M	$33.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,780.6	−0.042%	$283.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,780.7	−0.034%	$32.2M	$101.1M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,780.2	−0.062%	$83.5M	$823.7M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,781.1	−0.014%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,781	−0.020%	$179.6M	$228.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,780.6	−0.038%	$43.7M	$161.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.051%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.7	−0.090%	$13K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.1	+0.044%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,782.6	+0.072%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,780.8	−0.031%	$775	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,782.6	+0.072%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782	+0.039%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,781.6	+0.017%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,783.5	+0.122%	$664	$38K	5x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,781.3	long leg	$1.7M	$15.6M	20x
Lighter RH SNDK	+0.0032%	1h	1,781	−0.020%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,780.5	−0.044%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.047%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,781.6	+0.016%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,781.4	+0.007%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,782.5	+0.067%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,780.3	−0.057%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,780.8	−0.029%	$117.5M	$150.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,782	+0.039%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,782.3	+0.054%	$729K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,780.8	−0.029%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.2	+0.049%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,780.8	−0.030%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.2	−0.062%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,781.5	+0.010%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,783	+0.094%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0290%	4h	1,781.1	−0.013%	$566K	$353K	10x	as long as short