Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h —

Price spread now: Lighter RH against Paradex+0.066%58s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.066% dearer against Paradex than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SNDK-USD-PERP	1,786	0.0048	pay 0.0048% / 8h	5h 24m	—	—	5x
Short	Lighter RH SNDK	1,787.2	0.0032	get 0.0004% / 1h	24m 47s	$1.4M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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 ParadexbpFee Lighter RHbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$3.46
Price spread: +0.066% → 0.000%: $6.57
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$0.89
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 4 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	1.12 bp	1.4 bp −$1	3.6 bp −$36	33.8 bp −$3,383	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,786.1	+0.006%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,785.7	−0.016%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,786.4	+0.023%	$4.9M	$20.1M	10x	as long as short
Nado SNDK-PERP	−0.0039%	1h	1,786.8	+0.046%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.9	−0.007%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	+0.018%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.4	+0.021%	$285.6M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787	+0.056%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.7	+0.040%	$85.1M	$822.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.4	+0.077%	$170K	$1.8M	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	1,786.6	+0.033%	$180.2M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.2	+0.010%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	−0.004%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.7	−0.014%	$17K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	+0.001%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	−0.050%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.2	+0.011%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.7	−0.019%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.2	+0.010%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787	+0.056%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0020%	1h	1,786.3	+0.018%	$114.5M	$145.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.016%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.6	+0.091%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,787.2	+0.066%	$1.4M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.6	+0.035%	$455K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.782%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.1	−0.049%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.007%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	+0.006%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERPlong	+0.0048%	8h	1,786	long leg	—	—	5x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.9	−0.005%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.1	+0.006%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.5	+0.029%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.5	+0.028%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0061%	4h	1,785.2	−0.042%	$567K	$351K	10x	as long as short
KuCoin SNDKUSDTM	+0.0074%	8h	1,785.7	−0.014%	$6.1M	$21.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.6	−0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.6	+0.032%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.9	+0.048%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	−0.044%	$8K	$3K	20x	as long as short