Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%

Price spread now: Lighter against Gate+0.072%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.072%, 7d avg −0.028%

Together, before fees+0.052%+ 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 0.100% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,759.3	0	get 0.0000% / 8h	1h 43m	$176.2M	$230.4M	75x
Short	Lighter SNDK	1,760.6	0.0032	get 0.0004% / 1h	43m 45s	$1.8M	$16.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.072%Rate

Funding earned: $6.72
Price spread: +0.072% → −0.028%: $9.96
Slippage, 4 orders: −$8.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.98
Costs to cover: 0.237%
Break-even: 14.3 days

Slippage from Gate: live order book, 5 min ago; Lighter: 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 Gate live order book, 5 min ago	0.54 bp	10.9 bp −$11	16.2 bp −$162	37.7 bp −$3,772	60.7 bp −$30.4K
Sell Lighter live order book, 5 min ago	0.91 bp	1.1 bp −$1	1.5 bp −$15	38.0 bp −$3,804	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
Bitget SNDKUSDT	−0.0288%	8h	1,760.4	+0.058%	$47.4M	$165.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.9	+0.034%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,759.5	+0.010%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.4	+0.061%	$1.4M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.6	+0.070%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.6	+0.015%	$279.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.8	+0.026%	$31.6M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.2	+0.049%	$82.2M	$834.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.9	+0.087%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,759.3	long leg	$176.2M	$230.4M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,758.8	−0.028%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.2	−0.007%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	+0.038%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759	−0.019%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.1	−0.069%	$949	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.7	−0.039%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.8	−0.030%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.022%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,757.4	−0.112%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.8	+0.086%	$703	$38K	5x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,760.6	+0.072%	$1.8M	$16.2M	20x
Lighter RH SNDK	+0.0032%	1h	1,760	+0.035%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.5	+0.006%	$496K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.309%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.6	+0.017%	$253K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,760.2	+0.049%	$329K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.3	+0.055%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.5	+0.009%	$118.4M	$158.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.8	+0.026%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.2	−0.008%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.6	−0.045%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.7	+0.021%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.4	+0.003%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.8	−0.029%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.2	+0.050%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.4	+0.005%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.8	−0.029%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.8	+0.024%	$430K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.3	−0.002%	$126K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0925%	4h	1,758.9	−0.026%	$559K	$353K	10x	as long as short