Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.020%

Price spread now: OKX against Lighter−0.031%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.031%, 7d avg +0.019%

Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.050% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,762	0.0032	pay 0.0004% / 1h	32m 19s	$1.8M	$16.3M	20x
Short	OKX SNDK-USDT-SWAP	1,761.4	0	get 0.0000% / 8h	32m 19s	$82.3M	$833.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Lighter. 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 LighterbpFee OKXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$6.72
Price spread: −0.031% → +0.019%: −$4.97
Slippage, 4 orders: −$3.37
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.06
Costs to cover: 0.134%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; OKX: 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 Lighter live order book, 6 min ago	0.51 bp	0.7 bp −$1	1.3 bp −$13	23.0 bp −$2,301	doesn't fit
Sell OKX live order book, 2 min ago	0.28 bp	6.9 bp −$7	7.5 bp −$75	13.5 bp −$1,354	65.1 bp −$32.6K

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
Bitget SNDKUSDT	−0.0270%	8h	1,761.2	−0.045%	$48.4M	$166.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.1	−0.048%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,761.5	−0.027%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.2	−0.044%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761	−0.053%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.3	+0.021%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761	−0.053%	$279.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.2	−0.041%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,761.4	−0.031%	$82.3M	$833.8M	75x
RISEx SNDK/USDC	0.0000%	1h	1,762.2	+0.016%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,760.9	−0.062%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.050%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.3	+0.021%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.026%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.6	−0.077%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.7	−0.069%	$828	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.8	−0.065%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.4	−0.091%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.9	−0.061%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,761.9	−0.005%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,759.3	−0.149%	—	$579K	10x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,762	long leg	$1.8M	$16.3M	20x
Lighter RH SNDK	+0.0032%	1h	1,761.2	−0.045%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.3	−0.037%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.157%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.077%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.1	−0.048%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761	−0.054%	$119.6M	$159.7M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	−0.014%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.8	−0.122%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.7	−0.069%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.9	−0.060%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.9	−0.060%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.4	−0.087%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.1	−0.046%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.1	+0.009%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.3	−0.093%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.027%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,761.1	−0.046%	$127K	$339K	20x	as long as short
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	−0.006%	$560K	$351K	10x	as long as short