Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0314%/8h= −34.4% APRpaid last 24h −0.101%

Price spread now: Lighter RH against edgeX+0.105%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−1.160%−$116 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.105%, 7d avg +0.020%

Together, before fees−1.242%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$124 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.085% dearer against edgeX than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.020%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,789.1	0.0346	pay 0.0173% / 4h	11m 30s	$568K	$353K	10x
Short	Lighter RH SNDK	1,790.9	0.0032	get 0.0004% / 1h	11m 30s	$1.4M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$66
Price spread: +0.105% → +0.020%: $8.48
Slippage, 4 orders: −$12.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$79.32
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from edgeX: live order book, 47 min ago; Lighter RH: live order book, 2 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 edgeX live order book, 47 min ago	5.06 bp	9.6 bp −$10	11.2 bp −$112	46.7 bp −$4,671	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.59 bp	1.8 bp −$2	3.5 bp −$35	33.1 bp −$3,314	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	1,790.2	+0.062%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	+0.047%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0073%	1h	1,790.8	+0.099%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,789.9	+0.047%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.4	+0.072%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.7	+0.092%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,789.7	+0.034%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	+0.084%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.6	+0.084%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.9	+0.105%	$32.7M	$100.5M	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	1,790.6	+0.086%	$84.1M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.4	+0.130%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.6	+0.087%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.5	+0.080%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	+0.035%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	+0.031%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.5	+0.081%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.1	0.000%	$923	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.7	+0.092%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.5	+0.024%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.5	+0.078%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.6	+0.084%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.3	+0.127%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,790.9	+0.105%	$1.4M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.4	+0.077%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.609%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.7	−0.018%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.8	+0.096%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.2	+0.064%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.6	+0.086%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.2	+0.062%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.8	+0.097%	$118.0M	$148.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.2	+0.064%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.9	+0.049%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	+0.058%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	+0.043%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.5	+0.080%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	+0.033%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.7	+0.037%	$8K	$3K	20x	as long as short
edgeX SNDKUSDClong	+0.0346%	4h	1,789.1	long leg	$568K	$353K	10x