Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.016%

Price spread now: Aster against Lighter−0.041%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

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

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.041%, 7d avg +0.026%

Together, before fees−0.043%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.067% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SNDK	1,787	0.0032	pay 0.0004% / 1h	27m 55s	$1.7M	$16.1M	20x
Short	Aster SNDKUSD1	1,786.3	0	get 0.0000% / 8h	5h 27m	$21.8M	$37.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$6.72
Price spread: −0.041% → +0.026%: −$6.68
Slippage, 4 orders: −$5.95
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.35
Costs to cover: 0.140%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Aster: 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 Lighter live order book, 6 min ago	0.47 bp	0.6 bp −$1	0.7 bp −$7	14.8 bp −$1,476	doesn't fit
Sell Aster live order book, 6 min ago	1.59 bp	7.2 bp −$7	12.0 bp −$120	doesn't fit	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	1,786.3	−0.043%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,787.1	+0.005%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0052%	1h	1,786.4	−0.034%	$4.9M	$20.2M	10x	as long as short
Nado SNDK-PERP	−0.0036%	1h	1,786.8	−0.012%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.7	−0.073%	$1.5M	$14.7M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,786.3	−0.041%	$21.8M	$37.6M	20x
Binance SNDKUSDT	0.0000%	8h	1,786	−0.058%	$285.3M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.4	−0.033%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786	−0.057%	$85.0M	$822.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787	0.000%	$170K	$1.8M	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_USDT	0.0000%	8h	1,785.9	−0.063%	$180.1M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.1	−0.051%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.9	+0.049%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788	+0.055%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	−0.057%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.9	−0.118%	$719	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.3	−0.043%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.5	−0.087%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.071%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.4	+0.021%	$665	$38K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.073%	$439K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0025%	1h	1,785.8	−0.068%	$114.4M	$145.7M	10x	as long as short
Lighter SNDKlong	+0.0032%	1h	1,787	long leg	$1.7M	$16.1M	20x
Lighter RH SNDK	+0.0032%	1h	1,786.5	−0.027%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.5	−0.028%	$463K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.725%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.8	−0.069%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.1	−0.053%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	−0.051%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,785.7	−0.076%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.8	−0.068%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.8	−0.069%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.5	−0.029%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.3	−0.039%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	−0.084%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0082%	8h	1,786.2	−0.043%	$6.1M	$21.7M	20x	as long as short
Pacifica SNDK	+0.0094%	1h	1,785.7	−0.075%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.4	+0.075%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.3	−0.097%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0871%	4h	1,787.7	+0.041%	$568K	$353K	10x	as long as short