Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.019%

Price spread now: Lighter against OKX+0.068%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$120.120% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.068%, 7d avg −0.018%

Together, before fees+0.036%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 is 0.087% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,785.9	0	get 0.0000% / 8h	5h 49m	$85.5M	$821.8M	75x
Short	Lighter SNDK	1,787.1	0.0032	get 0.0004% / 1h	49m 29s	$1.7M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.068%Rate

Funding earned: $6.72
Price spread: +0.068% → −0.018%: $8.66
Slippage, 4 orders: −$2.01
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.37
Costs to cover: 0.120%
Break-even: 3.5 days

Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 9 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 OKX live order book, 5 min ago	0.28 bp	5.3 bp −$5	5.7 bp −$57	10.2 bp −$1,019	48.2 bp −$24.1K
Sell Lighter live order book, 9 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	−0.0114%	1h	1,785.8	−0.004%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.034%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0044%	1h	1,786	+0.006%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0037%	1h	1,787	+0.060%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.8	−0.004%	$1.6M	$15.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.1	+0.010%	$21.8M	$37.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.9	+0.001%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.4	+0.026%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,785.9	long leg	$85.5M	$821.8M	75x
RISEx SNDK/USDC	0.0000%	1h	1,786.8	+0.048%	$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	1,785.9	+0.002%	$180.2M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.7	−0.011%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	−0.024%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	−0.006%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	+0.006%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.9	−0.057%	$859	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.1	−0.045%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.6	−0.019%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.3	+0.024%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0023%	1h	1,785.9	0.000%	$114.4M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	+0.003%	$439K	$2.3M	10x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,787.1	+0.068%	$1.7M	$16.0M	20x
Lighter RH SNDK	+0.0032%	1h	1,786.8	+0.050%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.8	+0.050%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.787%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.7	−0.067%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.001%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786	+0.006%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.9	0.000%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.5	−0.022%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.6	−0.017%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.9	0.000%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.2	+0.019%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.3	−0.036%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.2	+0.019%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.5	−0.022%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.016%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	−0.041%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0374%	4h	1,785.6	−0.015%	$567K	$352K	10x	as long as short