Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter RH against Extended+0.042%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

costs, in and out, $10k−$140.135% of the position

Long on Extended Short on Lighter RH

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−0.032%−$3 · spread now +0.042%, 7d avg +0.007%

Together, before fees−0.101%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$10 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 RH is 0.035% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,771.2	0.0032	pay 0.0004% / 1h	11m 19s	$396K	$2.3M	10x
Short	Lighter RH SNDK	1,772	0.0032	get 0.0004% / 1h	11m 19s	$1.2M	$9.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.007%: $3.5
Slippage, 4 orders: −$8.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$10.04
Costs to cover: 0.135%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago	1.79 bp	4.6 bp −$5	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.99 bp	2.4 bp −$2	6.8 bp −$68	doesn't fit	doesn't fit

SNDK on 40 exchanges

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	1,771.6	+0.022%	$4.0M	$4.7M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0077%	1h	1,771.1	−0.008%	$36K	$389K	10x	as long as short
Nado SNDK-PERP	−0.0011%	1h	1,771.6	+0.018%	$335K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.1	+0.050%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.6	+0.022%	$282.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.9	+0.039%	$31.4M	$106.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.4	+0.009%	$82.5M	$833.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,772.4	+0.064%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.6	+0.023%	$182.0M	$219.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.8	+0.033%	$49.8M	$168.5M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.1	−0.231%	$2.7M	$4.7M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,768.6	−0.149%	$275K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.9	+0.038%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.8	−0.022%	$836	$3.1M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771	−0.013%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771.5	+0.016%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,770.9	−0.022%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,767.2	−0.227%	$676	$39K	5x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,772	+0.042%	$1.2M	$9.6M	10x
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,771.2	long leg	$396K	$2.3M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.622%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.6	−0.036%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772	+0.041%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.8	+0.032%	$246K	$682K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.8	+0.032%	$120.9M	$155.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.8	−0.137%	$4.6M	$19.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.8	+0.032%	$187K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.2	−0.115%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.6	−0.036%	—	—	5x	as long as short
Lighter SNDK	+0.0056%	1h	1,772.6	+0.077%	$1.8M	$16.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.5	+0.016%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,770.8	−0.024%	$198K	$306K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,771.2	0.000%	$6.1M	$22.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,770.2	−0.057%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.5	+0.015%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,771.3	+0.005%	$442K	$2.1M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0157%	8h	1,770.4	−0.050%	$27K	$2.4M	10x	as long as short
SoDEX SNDK-USD	+0.0198%	1h	1,771.4	+0.012%	$727K	$523K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0550%	1h	1,771	−0.013%	$160K	$382K	20x	as long as short
edgeX SNDKUSDC	+0.0789%	4h	1,767.1	−0.233%	$561K	$340K	10x	as long as short