Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate+0.014%7-day average −0.029% · 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−$18as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.014%, 7d avg −0.029%

Together, before fees−0.040%+ Points / potential airdropLighter RH: Points live · farm board−$4 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 RH is 0.043% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,761.5	0	get 0.0000% / 8h	9m 30s	$179.2M	$229.5M	75x
Short	Lighter RH SNDK	1,761.8	0.0032	get 0.0004% / 1h	9m 30s	$1.2M	$9.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.014%Rate

Funding earned: $6.72
Price spread: +0.014% → −0.029%: $4.33
Slippage, 4 orders: −$7.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.13
Costs to cover: 0.222%
Break-even: 18.6 days

Slippage from Gate: live order book, 5 min ago; Lighter RH: live order book, 4 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	0.03 bp	8.8 bp −$9	13.9 bp −$139	34.3 bp −$3,429	57.8 bp −$28.9K
Sell Lighter RH live order book, 4 min ago	1.22 bp	1.4 bp −$1	3.1 bp −$31	33.3 bp −$3,331	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	−0.0252%	8h	1,761.7	+0.014%	$48.2M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.2	−0.073%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0004%	8h	1,760.8	−0.042%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,762.1	+0.033%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.3	−0.012%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.9	+0.021%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.5	+0.002%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.9	+0.022%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.6	+0.006%	$82.3M	$833.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.055%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTlong	0.0000%	8h	1,761.5	long leg	$179.2M	$229.5M	75x
Variational Omni SNDK	0.0000%	8h	1,760	−0.084%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.071%	$22K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.6	+0.006%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.5	−0.003%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.9	−0.033%	$733	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.7	+0.011%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.6	−0.110%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.9	+0.023%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,759.3	−0.124%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,761.9	+0.020%	$715	$38K	5x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,761.8	+0.014%	$1.2M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.3	−0.009%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.183%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762.3	+0.047%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.1	−0.082%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	+0.006%	$242K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.7	+0.011%	$119.9M	$157.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.2	−0.017%	$4.6M	$19.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.6	−0.051%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.8	−0.041%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.2	−0.019%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.1	−0.023%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.4	−0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.7	+0.013%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.5	−0.054%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.3	−0.012%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.052%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.1	+0.033%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,760	−0.088%	$559K	$350K	10x	as long as short