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: Lighter RH against Orderly+0.071%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter RH

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

The price spread pays, funding is against you. Lighter RH is 0.071% dearer against Orderly than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,781.5	0.0100	pay 0.0100% / 8h	3h 46m	$8K	$3K	20x
Short	Lighter RH SNDK	1,782.8	0.0032	get 0.0004% / 1h	46m 18s	$1.4M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Orderly. 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 OrderlybpFee Lighter RHbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$14.28
Price spread: +0.071% → 0.000%: $7.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.15
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 2 min ago	0.95 bp	1.0 bp −$1	2.8 bp −$28	33.7 bp −$3,369	doesn't fit

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	1,782	+0.028%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0091%	1h	1,782.5	+0.057%	$4.9M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0049%	1h	1,782.8	+0.076%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0038%	8h	1,782.7	+0.066%	$6.1M	$22.0M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,782.1	+0.034%	$1.4M	$12.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.228%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.4	+0.109%	$21.8M	$33.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.2	+0.042%	$284.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.6	+0.060%	$32.3M	$101.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.3	+0.046%	$83.5M	$824.7M	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	1,783.3	+0.104%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,782.3	+0.046%	$179.7M	$228.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,782.5	+0.060%	$43.7M	$161.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.1	+0.088%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.7	−0.099%	$13K	$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	1,782.6	+0.063%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,780.8	−0.041%	$775	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,782.6	+0.063%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782	+0.030%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,781.6	+0.007%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,783.5	+0.113%	$664	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,783.1	+0.089%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,782.8	+0.071%	$1.4M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,782.9	+0.082%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.037%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,781.9	+0.025%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,781.4	−0.002%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,782.5	+0.057%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,782.1	+0.034%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,782.7	+0.068%	$117.7M	$150.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,782	+0.029%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,782.3	+0.045%	$729K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.5	+0.001%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.2	+0.039%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.5	+0.056%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.2	−0.071%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,781.5	long leg	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,783	+0.085%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0290%	4h	1,781.1	−0.023%	$566K	$353K	10x	as long as short