Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH−0.002%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

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

costs, in and out, $10k−$180.182% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.002%, 7d avg +0.030%

Together, before fees+0.197%+ Points / potential airdropLighter RH: Points live · farm board+$20 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 Bitget is 0.032% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.030%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.180%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,769.6	0.0032	pay 0.0004% / 1h	5m 34s	$1.4M	$10.6M	10x
Short	Bitget SNDKUSDT	1,769.5	0	get 0.0000% / 8h	2h 05m	$49.6M	$171.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$6.72
Price spread: −0.002% → +0.030%: −$3.18
Slippage, 4 orders: −$6.2
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.1
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Bitget: 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 RH live order book, 3 min ago	1.07 bp	1.4 bp −$1	3.4 bp −$34	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.51 bp	8.2 bp −$8	11.2 bp −$112	19.8 bp −$1,982	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	1,768.7	−0.049%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.9	−0.039%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.7	−0.048%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,769.1	−0.025%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.2	−0.019%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.4	−0.011%	$286.8M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.4	−0.007%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.3	−0.014%	$87.7M	$846.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.1	+0.028%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.5	−0.005%	$183.4M	$245.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDTshort	0.0000%	8h	1,769.5	−0.002%	$49.6M	$171.3M	75x
Variational Omni SNDK	0.0000%	8h	1,769.6	+0.001%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.5	−0.058%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769.1	−0.026%	$14K	$295K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.2	−0.075%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.1	−0.026%	$49K	$231K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.2	−0.020%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769.2	−0.022%	$2.8M	$949K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,769.2	−0.020%	$753	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.8	+0.014%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,769.6	long leg	$1.4M	$10.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,769	−0.030%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.719%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.3	+0.041%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0044%	1h	1,768.4	−0.067%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.4	−0.008%	$244K	$680K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.1	−0.025%	$111.9M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769	−0.031%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.1	−0.025%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769	−0.033%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.9	−0.037%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769	−0.029%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.8	+0.012%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0072%	1h	1,769.2	−0.019%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.9	−0.036%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769.3	−0.014%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.5	−0.060%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.6	+0.004%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.2	−0.076%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0788%	4h	1,768.5	−0.061%	$562K	$354K	10x	as long as short