Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: GRVT against Lighter RH+0.070%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on Lighter RH Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.070%, 7d avg +0.032%

Together, before fees+0.055%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.038% dearer against Lighter RH than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.032%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.100%, 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	1,760.5	0.0032	pay 0.0004% / 1h	11m 28s	$1.2M	$9.5M	10x
Short	GRVT SNDK_USDT_Perp	1,761.7	0	get 0.0000% / 8h	11m 28s	$18K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$6.72
Price spread: +0.070% → +0.032%: $3.8
Slippage, 4 orders: −$5.09
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.01
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; GRVT: live order book, 2 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, 2 min ago	1.22 bp	1.2 bp −$1	3.3 bp −$33	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	0.57 bp	6.3 bp −$6	8.3 bp −$83	doesn't fit	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
Bitget SNDKUSDT	−0.0253%	8h	1,760.8	+0.018%	$48.2M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.6	+0.121%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0005%	8h	1,760.6	+0.007%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,760.5	+0.004%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,760	−0.027%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.4	+0.053%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.2	−0.019%	$279.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.7	+0.011%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.2	−0.016%	$82.2M	$832.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,761.4	+0.051%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,760.3	−0.011%	$178.9M	$229.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.4	+0.051%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perpshort	0.0000%	8h	1,761.7	+0.070%	$18K	$2.1M	10x
Phoenix SNDK	0.0000%	1h	1,761.6	+0.064%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.9	+0.023%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.9	+0.022%	$787	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.5	+0.002%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.4	−0.007%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.1	−0.020%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,758.2	−0.132%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,761.1	+0.036%	$715	$38K	5x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,760.5	long leg	$1.2M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.8	−0.038%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.243%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,761.1	+0.033%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.1	−0.019%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.4	−0.005%	$242K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.4	−0.005%	$119.8M	$158.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	+0.007%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.1	−0.078%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.3	−0.013%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.1	−0.021%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762	+0.086%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.5	+0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.3	−0.013%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.9	+0.080%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.1	−0.024%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.110%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,760.9	+0.023%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0857%	4h	1,761.3	+0.046%	$560K	$352K	10x	as long as short