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

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Lighter RH Short on Gate

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+0.059%+$6 · spread now −0.031%, 7d avg +0.031%

Together, before fees+0.039%+ Points / potential airdropLighter RH: Points live · 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 Gate is 0.062% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,790.2	0.0032	pay 0.0004% / 1h	23m 36s	$1.4M	$9.6M	10x
Short	Gate SNDK_USDT	1,789.7	0	get 0.0000% / 8h	7h 23m	$182.3M	$235.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter RH. 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 Lighter RHbpFee GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: −$6.72
Price spread: −0.031% → +0.031%: −$6.22
Slippage, 4 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.94
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Gate: live order book, 5 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 RH live order book, 5 min ago	0.22 bp	1.8 bp −$2	4.1 bp −$41	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.03 bp	10.8 bp −$11	20.9 bp −$209	41.0 bp −$4,098	65.8 bp −$32.9K

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
Deribit SNDK_USDC-PERPETUAL	−0.0175%	1h	1,789.4	−0.046%	$50K	$314K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,791.3	+0.060%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.3	+0.001%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.7	−0.030%	$286.2M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.8	−0.023%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790	−0.013%	$86.7M	$834.3M	75x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,789.7	−0.031%	$182.3M	$235.2M	75x
Bitget SNDKUSDT	0.0000%	8h	1,789.7	−0.028%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.118%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,793.3	+0.168%	$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	1,787.7	−0.142%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.6	−0.036%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.122%	$862	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.069%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.7	−0.087%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	−0.038%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.9	+0.038%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0006%	1h	1,790.4	+0.006%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790	−0.016%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.9	+0.035%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,790.2	long leg	$1.4M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.4	+0.011%	$444K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.543%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.7	−0.033%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	+0.006%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	−0.030%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.7	−0.033%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.8	−0.025%	$115.0M	$147.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.4	−0.047%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.5	−0.041%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.8	−0.080%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.8	−0.080%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	−0.035%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.1	−0.063%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.201%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.1	−0.065%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	−0.013%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0222%	1h	1,788.9	−0.073%	$731K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0285%	4h	1,791.6	+0.077%	$569K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.5	−0.043%	$130K	$379K	20x	as long as short