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 +0.010%

Price spread now: Lighter RH against Bitget−0.057%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.057%, 7d avg −0.028%

Together, before fees−0.149%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.029% cheaper against Bitget than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.161%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,768.8	0	get 0.0000% / 8h	3h 06m	$44.3M	$162.8M	75x
Short	Lighter RH SNDK	1,767.8	0.0032	get 0.0004% / 1h	6m 31s	$1.3M	$9.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now −0.057%Rate

Funding earned: $6.72
Price spread: −0.057% → −0.028%: −$2.87
Slippage, 4 orders: −$6.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.39
Costs to cover: 0.182%
Break-even: 22.0 days

Slippage from Bitget: live order book, 3 min ago; Lighter RH: 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 Bitget live order book, 3 min ago	0.62 bp	7.2 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.99 bp	1.0 bp −$1	3.3 bp −$33	36.8 bp −$3,680	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	1,765.9	−0.164%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0048%	8h	1,767.2	−0.093%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,767.1	−0.098%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,767.4	−0.084%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767	−0.103%	$429K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0005%	1h	1,768.5	−0.022%	$341K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.9	+0.004%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.4	−0.025%	$280.5M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.8	−0.002%	$31.8M	$102.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.9	+0.003%	$81.9M	$828.6M	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	1,768.5	−0.021%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.3	−0.085%	$176.9M	$231.6M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,768.8	long leg	$44.3M	$162.8M	75x
Variational Omni SNDK	0.0000%	8h	1,766.5	−0.135%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.9	−0.280%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,765.4	−0.194%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,765.2	−0.206%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.4	−0.194%	$964	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,764.7	−0.235%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,765.9	−0.168%	$2.8M	$1.1M	50x	as long as short
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.260%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,767.5	−0.076%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0025%	1h	1,764.1	−0.271%	—	$582K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,768.4	−0.023%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,767.8	−0.057%	$1.3M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.4	−0.082%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.759%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.5	−0.189%	$263K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	−0.031%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,767.2	−0.092%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.7	−0.064%	$117.0M	$153.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.2	−0.036%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.8	−0.229%	$721K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.3	−0.087%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,765.2	−0.206%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767.8	−0.058%	$197K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.4	−0.310%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.7	−0.236%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,766.2	−0.151%	$128K	$355K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0124%	1h	1,765.5	−0.188%	$51K	$346K	10x	as long as short