Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX+0.130%7-day average +0.057% · you sell dearer than you buy

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

Long on SunX Short on Lighter RH

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)+0.005%+$1 · spread now +0.130%, 7d avg +0.057%

Together, before fees+0.064%+ Points / potential airdropLighter RH: Points live · farm board+$6 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 RH is 0.072% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,788	0	get 0.0000% / 8h	4h 15m	$831	$3.6M	20x
Short	Lighter RH SNDK	1,790.4	0.0032	get 0.0004% / 1h	15m 07s	$1.4M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.130%Rate

Funding earned: $6.72
Price spread: +0.130% → +0.057%: $7.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $5.97
Costs to cover: 0.080%
Break-even: 0.8 days

Slippage unknown: SunX: live order book, 3 min ago; Lighter RH: live order book, 4 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 SunX live order book, 3 min ago	263.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.78 bp	0.8 bp −$1	2.8 bp −$28	30.8 bp −$3,084	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	1,789.5	+0.080%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790	+0.110%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0078%	1h	1,790.4	+0.132%	$348K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0067%	1h	1,789.6	+0.088%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789	+0.056%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.2	+0.119%	$438K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0014%	8h	1,789	+0.055%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.7	+0.095%	$21.8M	$36.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.5	+0.080%	$285.8M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.9	+0.102%	$32.7M	$100.4M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.4	+0.077%	$84.1M	$826.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,790.6	+0.144%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.7	+0.096%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.5	+0.081%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	+0.092%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.9	+0.106%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.4	+0.077%	$14K	$289K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,788	long leg	$831	$3.6M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.9	+0.105%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.7	+0.040%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.5	+0.083%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.3	+0.127%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.5	+0.139%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,790.4	+0.130%	$1.4M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.7	+0.093%	$476K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.667%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	+0.030%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.9	+0.106%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.2	+0.068%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.4	+0.077%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.6	+0.086%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.8	+0.099%	$116.6M	$147.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	+0.065%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.6	+0.086%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.6	+0.088%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.2	+0.063%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.7	+0.094%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.1	+0.113%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.2	+0.063%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0660%	4h	1,789.5	+0.082%	$568K	$353K	10x	as long as short