Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate+0.044%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.044%, 7d avg −0.031%

Together, before fees−0.052%+ Points / potential airdropLighter RH: Points live · farm board−$5 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 0.074% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,791.1	0	get 0.0000% / 8h	7h 22m	$182.4M	$235.3M	75x
Short	Lighter RH SNDK	1,791.9	0.0032	get 0.0004% / 1h	22m 37s	$1.4M	$9.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now +0.044%Rate

Funding earned: $6.72
Price spread: +0.044% → −0.031%: $7.45
Slippage, 4 orders: −$9.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$10.7
Costs to cover: 0.249%
Break-even: 18.1 days

Slippage from Gate: live order book, 1 min ago; Lighter RH: live order book, 6 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 Gate live order book, 1 min ago	0.45 bp	11.6 bp −$12	25.1 bp −$251	42.1 bp −$4,207	64.1 bp −$32.1K
Sell Lighter RH live order book, 6 min ago	0.22 bp	2.4 bp −$2	5.6 bp −$56	doesn't fit	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	1,790.7	−0.026%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0040%	1h	1,790.1	−0.059%	$50K	$314K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.4	+0.016%	$21.8M	$43.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.9	−0.012%	$286.4M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	+0.004%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.9	−0.012%	$87.0M	$835.0M	75x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,791.1	long leg	$182.4M	$235.3M	75x
Bitget SNDKUSDT	0.0000%	8h	1,791.5	+0.020%	$48.1M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.070%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.5	+0.020%	$22K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,792.2	+0.061%	$279K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.2	−0.051%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.171%	$862	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.3	−0.043%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.6	−0.029%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791.1	0.000%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.3	+0.066%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.4	−0.039%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790	−0.060%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.6	+0.081%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,791.9	+0.044%	$1.4M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.3	+0.008%	$443K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.494%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.7	−0.078%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.8	−0.075%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,791.1	−0.001%	$246K	$652K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,791.6	+0.025%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.1	−0.001%	$115.0M	$147.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790	−0.062%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	−0.084%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.8	−0.129%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	−0.075%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.2	+0.005%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,790.6	−0.026%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.152%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.090%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0103%	4h	1,791.4	+0.018%	$569K	$353K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	−0.061%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0196%	1h	1,790.2	−0.054%	$732K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.4	−0.037%	$130K	$379K	20x	as long as short