Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.021%

Price spread now: Orderly against Lighter RH−0.063%7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.063% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.1 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 RH SNDK	1,782.7	0.0032	pay 0.0004% / 1h	47m 51s	$1.4M	$9.4M	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,781.6	0.0100	get 0.0100% / 8h	3h 47m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: $14.28
Price spread: −0.063% → 0.000%: −$6.28
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2
Costs to cover: 0.060%
Break-even: 6.0 days

Slippage unknown: Lighter RH: live order book, 6 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 RH live order book, 6 min ago	1.26 bp	1.5 bp −$2	2.6 bp −$26	36.0 bp −$3,595	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	1,780	−0.154%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0118%	1h	1,781.9	−0.047%	$4.9M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0055%	1h	1,781.3	−0.082%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,783.4	+0.036%	$6.1M	$22.0M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,781.1	−0.093%	$1.4M	$12.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.158%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784	+0.070%	$21.8M	$34.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,783	+0.017%	$284.3M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,783.4	+0.037%	$32.3M	$101.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,783.1	+0.021%	$83.5M	$825.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,782.4	−0.020%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,782.7	+0.001%	$179.8M	$228.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,782.9	+0.009%	$43.7M	$161.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.1	+0.018%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785	+0.128%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.1	−0.035%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,782.1	−0.035%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,780.3	−0.135%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.8	−0.050%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782.1	−0.035%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,782.8	+0.004%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,784	+0.072%	$701	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,782.7	−0.002%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,782.7	long leg	$1.4M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,782.9	+0.011%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.966%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,782	−0.040%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,780.5	−0.127%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,781.9	−0.047%	$245K	$649K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,781.2	−0.083%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,782.8	+0.004%	$117.9M	$150.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,781.7	−0.058%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,781.5	−0.068%	$728K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.5	−0.069%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,781.5	−0.067%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,781.1	−0.091%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785	+0.127%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,781.6	−0.063%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,782.5	−0.016%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0187%	4h	1,784.5	+0.098%	$567K	$352K	10x	as long as short