Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.018%

Price spread now: Lighter against Binance+0.029%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$120.119% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.029%, 7d avg −0.043%

Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · 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 is 0.071% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,779.5	0	get 0.0000% / 8h	3h 42m	$283.5M	$1.80B	75x
Short	Lighter SNDK	1,780	0.0032	get 0.0004% / 1h	42m 57s	$1.7M	$15.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $6.72
Price spread: +0.029% → −0.043%: $7.12
Slippage, 4 orders: −$1.91
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.93
Costs to cover: 0.119%
Break-even: 5.0 days

Slippage from Binance: live order book, 16 min ago; Lighter: 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 Binance live order book, 16 min ago	0.03 bp	5.3 bp −$5	7.0 bp −$70	12.6 bp −$1,262	doesn't fit
Sell Lighter live order book, 6 min ago	0.56 bp	1.0 bp −$1	1.4 bp −$14	31.4 bp −$3,139	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	1,779.6	+0.002%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0107%	1h	1,780.8	+0.071%	$4.8M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0046%	1h	1,780.1	+0.030%	$346K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,780.4	+0.047%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,779.1	−0.027%	$1.4M	$12.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.1	+0.031%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.3	+0.100%	$21.8M	$33.5M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,779.5	long leg	$283.5M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,780.2	+0.039%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.7	+0.009%	$83.4M	$824.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,780.9	+0.076%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.7	+0.010%	$179.2M	$229.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.6	+0.003%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.151%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.048%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.150%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.6	+0.004%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.9	−0.089%	$736	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779.6	+0.004%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779	−0.032%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.9	+0.022%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.8	+0.130%	$663	$38K	5x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,780	+0.029%	$1.7M	$15.6M	20x
Lighter RH SNDK	+0.0032%	1h	1,779.7	+0.008%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,779.4	−0.007%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.148%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	+0.140%	$566K	$353K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,780.1	+0.032%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.2	−0.077%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.6	+0.004%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.6	−0.051%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779.7	+0.009%	$117.5M	$150.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779.4	−0.007%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	+0.008%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.047%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	−0.024%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.4	−0.008%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.6	+0.062%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,779	−0.033%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,780	+0.025%	$130K	$352K	20x	as long as short