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 −0.010%

Price spread now: SunX against Lighter RH−0.030%7-day average −0.056% · you buy dearer than you sell

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

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.030%, 7d avg −0.056%

Together, before fees−0.109%+ Points / potential airdropLighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.026% dearer against Lighter RH than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.056%): +$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 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,764.1	0.0032	pay 0.0004% / 1h	17m 37s	$1.2M	$9.6M	10x
Short	SunX SNDK-USDT	1,763.6	0	get 0.0000% / 8h	1h 17m	$933	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$6.72
Price spread: −0.030% → −0.056%: $2.63
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.09
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 6 min ago; SunX: live order book, 10 min ago. 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	1.22 bp	1.2 bp −$1	3.3 bp −$33	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	305.45 bp	doesn't fit	doesn't fit	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	−0.0313%	8h	1,763.5	−0.031%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.5	−0.036%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.5	−0.034%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.5	+0.025%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.8	−0.017%	$280.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.9	−0.013%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.2	−0.050%	$82.5M	$837.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,765	+0.054%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.8	−0.015%	$177.6M	$231.5M	75x	as long as short
KuCoin SNDKUSDTM	0.0000%	8h	1,763.7	−0.019%	$6.0M	$22.2M	20x	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	+0.024%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.7	−0.024%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.8	−0.016%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.1	+0.001%	$13K	$289K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,763.6	−0.030%	$933	$3.5M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,764.5	+0.022%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,763.8	−0.014%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.8	+0.041%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.4	−0.038%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,761.6	−0.138%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0026%	1h	1,764.3	+0.011%	$328K	$1.5M	10x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,764.1	long leg	$1.2M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.3	−0.044%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.034%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,765	+0.050%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.8	−0.071%	$255K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.8	−0.016%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.9	−0.010%	$118.8M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,763.6	−0.027%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.6	−0.084%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.5	+0.023%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.8	−0.015%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764	−0.005%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.1	+0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.8	−0.015%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.9	+0.044%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.6	+0.027%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.176%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,764.8	+0.039%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0867%	4h	1,763.4	−0.039%	$560K	$353K	10x	as long as short