Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h —

Price spread now: Paradex against Lighter−0.085%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Funding pays, the price is against you. Paradex is 0.085% cheaper against Lighter than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,764.5	0.0032	pay 0.0004% / 1h	18m 57s	$1.8M	$16.3M	20x
Short	Paradex SNDK-USD-PERP	1,763	0.0050	get 0.0050% / 8h	1h 18m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.085%Rate

Funding earned: $3.78
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.71
Costs to cover: 0.040%
Break-even: 23.1 days

Slippage unknown: Lighter: live order book, 10 min ago; Paradex: 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, 10 min ago	0.20 bp	1.1 bp −$1	1.5 bp −$15	5.8 bp −$576	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Bitget SNDKUSDT	−0.0326%	8h	1,763.7	−0.043%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.5	−0.059%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.2	−0.071%	$1.4M	$10.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0001%	8h	1,762.8	−0.095%	$6.0M	$22.2M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.5	−0.002%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.8	−0.039%	$280.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.9	−0.033%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.2	−0.073%	$82.6M	$837.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.8	+0.020%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.5	−0.055%	$177.5M	$231.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,764.5	+0.001%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.5	−0.059%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,764.5	+0.001%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.6	−0.050%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.6	−0.053%	$982	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.8	−0.095%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.7	−0.048%	$2.8M	$1.1M	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0005%	1h	1,763.8	−0.042%	$51K	$351K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.1	−0.078%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,761.6	−0.163%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,763.4	−0.064%	$328K	$1.5M	10x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,764.5	long leg	$1.8M	$16.3M	20x
Lighter RH SNDK	+0.0032%	1h	1,763.7	−0.045%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.5	−0.054%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.010%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.3	−0.125%	$254K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.9	−0.033%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.6	−0.050%	$118.8M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.8	−0.096%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.6	−0.107%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,763.5	−0.059%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,763	−0.085%	—	—	5x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.4	−0.005%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,763.3	−0.070%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.4	−0.062%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.9	+0.020%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,763.7	−0.044%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.199%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.9	−0.034%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0501%	4h	1,763	−0.085%	$560K	$352K	10x	as long as short