Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.019%

Price spread now: Lighter against OKX+0.051%7-day average −0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$130.132% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.051%, 7d avg −0.018%

Together, before fees+0.036%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.069% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,771	0	get 0.0000% / 8h	3h 19m	$82.1M	$826.0M	75x
Short	Lighter SNDK	1,771.9	0.0032	get 0.0004% / 1h	19m 47s	$1.7M	$15.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $6.72
Price spread: +0.051% → −0.018%: $6.92
Slippage, 4 orders: −$3.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.4
Costs to cover: 0.132%
Break-even: 6.6 days

Slippage from OKX: live order book, 4 min ago; Lighter: 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 OKX live order book, 4 min ago	0.28 bp	5.3 bp −$5	5.8 bp −$58	10.8 bp −$1,082	62.7 bp −$31.3K
Sell Lighter live order book, 4 min ago	0.68 bp	0.7 bp −$1	0.9 bp −$9	36.2 bp −$3,622	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	1,772.9	+0.109%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,771.9	+0.051%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,771.4	+0.025%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0022%	1h	1,772.2	+0.070%	$349K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,771.5	+0.028%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.173%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.9	+0.051%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.1	+0.004%	$280.7M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.3	+0.019%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,771	long leg	$82.1M	$826.0M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,771.8	+0.045%	$136K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.3	+0.015%	$176.9M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771	0.000%	$44.3M	$162.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.3	+0.131%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	+0.012%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.4	−0.034%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.2	+0.013%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771	−0.003%	$700	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.2	+0.012%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.6	−0.023%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771.4	+0.023%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,773.3	+0.133%	$660	$38K	5x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,771.9	+0.051%	$1.7M	$15.8M	20x
Lighter RH SNDK	+0.0032%	1h	1,771.5	+0.029%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771	−0.002%	$436K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.635%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.8	+0.044%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0045%	1h	1,768.9	−0.120%	—	$578K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.3	+0.017%	$244K	$652K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.6	−0.024%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.1	+0.006%	$117.2M	$152.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.9	−0.006%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.1	+0.006%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.2	+0.124%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.5	−0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.1	+0.004%	$197K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.9	+0.050%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.6	−0.021%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,771.3	+0.016%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0143%	4h	1,770.7	−0.014%	$562K	$352K	10x	as long as short