Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.030%

Price spread now: Lighter against SunX+0.056%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.056%, 7d avg +0.046%

Together, before fees+0.232%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,768.4	0	get 0.0000% / 8h	2h 03m	$1K	$4.0M	20x
Short	Lighter SNDK	1,769.4	0.0032	get 0.0004% / 1h	3m 25s	$1.5M	$16.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.056%Rate

Funding earned: $6.72
Price spread: +0.056% → +0.046%: $0.97
Slippage, 4 orders: −$57.99
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$58.3
Costs to cover: 0.660%
Break-even: 67.7 days

Slippage from SunX: live order book, 4 min ago; Lighter: 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 SunX live order book, 4 min ago	28.07 bp	32.1 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.82 bp	0.9 bp −$1	1.9 bp −$19	31.6 bp −$3,158	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	1,769.1	+0.038%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.6	+0.008%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,769	+0.033%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,768.8	+0.021%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.2	+0.047%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.9	+0.029%	$286.7M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.1	+0.041%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.9	+0.028%	$87.7M	$846.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.9	+0.084%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.9	+0.029%	$183.5M	$245.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,769	+0.033%	$49.6M	$171.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769	+0.034%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.8	+0.021%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.9	+0.028%	$14K	$294K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,768.4	long leg	$1K	$4.0M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.2	+0.046%	$49K	$232K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769	+0.031%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769	+0.033%	$2.8M	$951K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,769.5	+0.060%	$681	$37K	5x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,769.4	+0.056%	$1.5M	$16.5M	20x
Lighter RH SNDK	+0.0032%	1h	1,769.1	+0.040%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.6	+0.013%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.784%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.4	+0.057%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0045%	1h	1,767.9	−0.032%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.9	+0.028%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769	+0.033%	$111.9M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.5	+0.005%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.8	+0.022%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,768.7	+0.015%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.8	+0.022%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,768.7	+0.014%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.5	+0.062%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0074%	1h	1,768.7	+0.016%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.8	+0.022%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768.9	+0.030%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.6	+0.013%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	+0.060%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.1	−0.015%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0781%	4h	1,769.2	+0.044%	$562K	$355K	10x	as long as short