Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.019%

Price spread now: Orderly against Lighter−0.170%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.170% cheaper against Lighter than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 8.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,787.5	0.0032	pay 0.0004% / 1h	40m 27s	$1.7M	$16.1M	20x
Short	Orderly PERP_SNDK_USDC_mythos	1,784.4	0.0100	get 0.0100% / 8h	6h 40m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.170%Rate

Funding earned: $14.28
Price spread: −0.170% → 0.000%: −$17.01
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.73
Costs to cover: 0.060%
Break-even: 11.3 days

Slippage unknown: Lighter: live order book, 13 min ago; Orderly: no order-book sample. Net counts fees only.

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, 13 min ago	0.03 bp	0.0 bp $0	2.9 bp −$29	30.3 bp −$3,026	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,788	+0.030%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0096%	1h	1,787.3	−0.010%	$4.9M	$20.5M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,787.9	+0.024%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.3	−0.066%	$1.8M	$17.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0019%	1h	1,787	−0.029%	$51K	$328K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.6	+0.005%	$21.8M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.2	−0.126%	$286.3M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.9	−0.090%	$31.9M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.3	−0.177%	$85.9M	$829.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.9	−0.147%	$180.6M	$231.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,786.5	−0.054%	$47.5M	$164.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	−0.031%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.1	+0.033%	$22K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	−0.127%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.2	−0.070%	$727	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.9	−0.030%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.9	−0.031%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,787.3	−0.008%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,787.9	+0.025%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0014%	1h	1,785.6	−0.105%	$114.3M	$146.8M	10x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,787.5	long leg	$1.7M	$16.1M	20x
Lighter RH SNDK	+0.0032%	1h	1,787.1	−0.022%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787	−0.029%	$469K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.699%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.6	−0.049%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.1	−0.074%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.2	−0.071%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,786.8	−0.036%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.4	−0.060%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.2	−0.018%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.3	−0.010%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.6	−0.163%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,787.8	+0.018%	$440K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.6	−0.046%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.3	−0.010%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.024%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,784.4	−0.170%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.7	+0.014%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.4	−0.003%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0279%	4h	1,787.4	−0.006%	$568K	$351K	10x	as long as short