Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Extended+0.052%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.052%, 7d avg +0.008%

Together, before fees+0.030%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.045% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,791.3	0.0032	pay 0.0004% / 1h	47m 13s	$421K	$1.6M	10x
Short	Lighter SNDK	1,792.2	0.0032	get 0.0004% / 1h	47m 13s	$1.6M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.008%: $4.49
Slippage, 4 orders: −$9.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.54
Costs to cover: 0.140%
Break-even: never at this rate

Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago	1.85 bp	7.3 bp −$7	14.3 bp −$143	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.76 bp	0.8 bp −$1	2.0 bp −$20	43.6 bp −$4,363	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	1,791	−0.015%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.8	−0.140%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.4	−0.046%	$286.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.5	+0.015%	$32.2M	$100.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791	−0.015%	$86.2M	$840.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.4	−0.049%	$183.5M	$233.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.9	−0.078%	$48.4M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.400%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.260%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.1	−0.288%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,787.8	−0.195%	$720	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.1	−0.011%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.6	−0.095%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.9	−0.020%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	−0.094%	$2.2M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.7	−0.144%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,784.3	−0.386%	$822	$37K	5x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,792.2	+0.052%	$1.6M	$16.0M	20x
Lighter RH SNDK	+0.0032%	1h	1,791.6	+0.016%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,791.3	long leg	$421K	$1.6M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.486%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0036%	1h	1,790.4	−0.049%	$352K	$1.4M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.9	−0.356%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	−0.076%	—	$657K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	−0.087%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785	−0.349%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	−0.082%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.6	−0.091%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	−0.210%	$1.4M	$4.9M	5x	as long as short
Bullet SNDK-USD	+0.0054%	1h	1,790.5	−0.040%	$14K	$291K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	−0.067%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.7	−0.143%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.1	−0.123%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787	−0.238%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.3	−0.168%	$8K	$3K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0114%	1h	1,790.6	−0.037%	$115.1M	$150.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,789.7	−0.090%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.324%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,790.8	−0.024%	$130K	$382K	20x	as long as short
SoDEX SNDK-USD	+0.0713%	1h	1,788.6	−0.147%	$731K	$521K	10x	as long as short