Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Extended+0.003%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$90.086% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.026%+$3 · spread now +0.003%, 7d avg +0.008%

Together, before fees+0.074%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,785.7	0.0032	pay 0.0004% / 1h	47m 41s	$477K	$1.7M	10x
Short	Lighter SNDK	1,785.8	0.0032	get 0.0004% / 1h	47m 41s	$1.7M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.008%: −$0.43
Slippage, 4 orders: −$3.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.99
Costs to cover: 0.086%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Lighter: live order book, 11 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 Extended live order book, 1 min ago	0.81 bp	3.5 bp −$4	10.1 bp −$101	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	0.45 bp	0.6 bp −$1	1.8 bp −$18	27.2 bp −$2,719	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0153%	1h	1,785.4	−0.019%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.044%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0066%	1h	1,785.2	−0.029%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,786.2	+0.027%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.4	−0.075%	$1.5M	$15.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.6	−0.007%	$21.8M	$37.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.8	−0.051%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	−0.035%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785	−0.040%	$85.4M	$821.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,785.9	+0.011%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,784.8	−0.053%	$180.1M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.7	−0.059%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	−0.014%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.004%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	−0.028%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.6	−0.062%	$858	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.7	−0.055%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.3	−0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.1	+0.019%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0010%	1h	1,784.8	−0.052%	$114.4M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	+0.013%	$439K	$2.3M	10x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,785.8	+0.003%	$1.7M	$16.0M	20x
Lighter RH SNDK	+0.0032%	1h	1,785.6	−0.008%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,785.7	long leg	$477K	$1.7M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.797%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.3	−0.077%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.1	−0.034%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	−0.063%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.7	−0.055%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.8	−0.052%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.5	−0.015%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.7	−0.057%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,785.6	−0.006%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.9	−0.046%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,784.9	−0.046%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785	−0.040%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.026%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.8	−0.050%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0374%	4h	1,785.6	−0.004%	$567K	$352K	10x	as long as short