Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.017%

Price spread now: OKX against Lighter RH+0.047%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.047%, 7d avg +0.020%

Together, before fees+0.023%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.027% dearer against Lighter RH than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.054%, 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	1,760.8	0.0032	pay 0.0004% / 1h	53m 45s	$1.3M	$9.5M	10x
Short	OKX SNDK-USDT-SWAP	1,761.6	0	get 0.0000% / 8h	1h 53m	$82.1M	$833.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$6.72
Price spread: +0.047% → +0.020%: $2.72
Slippage, 4 orders: −$3.69
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.7
Costs to cover: 0.137%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	0.90 bp	1.3 bp −$1	5.2 bp −$52	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.28 bp	6.1 bp −$6	6.8 bp −$68	12.6 bp −$1,259	70.6 bp −$35.3K

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	−0.0229%	8h	1,761.2	+0.027%	$47.3M	$165.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	+0.074%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0018%	8h	1,760.6	−0.008%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,759.3	−0.082%	$1.3M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.2	+0.080%	$21.5M	$33.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.2	+0.025%	$279.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.4	+0.035%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,761.6	+0.047%	$82.1M	$833.4M	75x
RISEx SNDK/USDC	0.0000%	1h	1,760.9	+0.007%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.9	+0.009%	$176.7M	$230.0M	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	1,761.3	+0.030%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.4	+0.147%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,766.7	+0.337%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.7	−0.004%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.7	−0.060%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.2	+0.027%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.6	−0.011%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.1	+0.018%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,764.1	+0.192%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,758.1	−0.151%	—	$581K	10x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,760.8	long leg	$1.3M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.3	−0.026%	$489K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.226%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.1	+0.073%	$256K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0045%	1h	1,760.7	−0.005%	$328K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760	−0.044%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.2	+0.024%	$118.6M	$158.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	+0.093%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.6	−0.066%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.8	−0.001%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.9	−0.049%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.5	−0.015%	$1.4M	$5.1M	5x	as long as short
Lighter SNDK	+0.0056%	1h	1,761.8	+0.061%	$1.8M	$16.2M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.6	−0.008%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.2	−0.033%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.9	+0.178%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.7	−0.003%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.309%	$432K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,760.7	−0.003%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0883%	4h	1,766	+0.295%	$561K	$351K	10x	as long as short