Settings8H · net · $10k
Funding arb · Price arb /

SNDK

RWAall SNDK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Lighter RH+0.035%48s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$320.315% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.172%+$17 on $10k
Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.035%, 7d avg +0.009%
Together, before fees−0.002%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.026% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SNDK1,761.50.0032pay 0.0004% / 1h32m 37s$1.2M$9.5M10x
ShortApeX Omni SNDKUSDT1,762.10.0100get 0.0013% / 1h32m 37s$68K$270K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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

Funding earned
$14.28
Price spread: +0.035% → +0.009%
$2.6
Slippage, 4 orders
−$21.53
Fee Lighter RH: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$14.66
Costs to cover
0.315%
Break-even
14.2 days
Slippage from Lighter RH: live order book, 6 min ago; ApeX Omni: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 6 min ago1.39 bp1.6 bp −$23.0 bp −$3037.3 bp −$3,726doesn't fit
Sell ApeX Omni live order book, 4 min ago8.20 bp14.1 bp −$1440.8 bp −$408doesn't fitdoesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNDKUSDT−0.0270%8h1,761.7+0.011%$48.4M$166.0M75xas long as short
BloFin SNDK-USDT−0.0120%8h1,761.1−0.022%$3.9M$4.6M75xas long as short
KuCoin SNDKUSDTM−0.0015%8h1,761.2−0.016%$6.0M$22.3M20xas long as short
Nado SNDK-PERP−0.0012%1h1,762.3+0.047%$330K$1.5M10xas long as short
Deribit SNDK_USDC-PERPETUAL−0.0011%1h1,762.2+0.038%$51K$353K10xas long as short
QFEX SNDK-USD−0.0001%1h1,761−0.027%$1.4M$10.0M10xas long as short
Aster SNDKUSD10.0000%8h1,762.3+0.046%$21.5M$32.9M20xas long as short
Binance SNDKUSDT0.0000%8h1,761−0.027%$279.8M$1.86B75xas long as short
Bybit SNDKUSDT0.0000%8h1,761.5−0.002%$31.7M$103.6M100xas long as short
OKX SNDK-USDT-SWAP0.0000%8h1,761−0.028%$82.3M$833.5M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx SNDK/USDC0.0000%1h1,762.2+0.043%$120K$1.6M20xas long as short
Gate SNDK_USDT0.0000%8h1,761.2−0.018%$177.7M$228.4M75xas long as short
Variational Omni SNDK0.0000%8h1,761.1−0.024%$2.5M$4.8Mas long as short
GRVT SNDK_USDT_Perp0.0000%8h1,762.3+0.047%$16K$2.1M10xas long as short
Phoenix SNDK0.0000%1h1,762.4+0.052%$275K$193K15xas long as short
Bullet SNDK-USD0.0000%1h1,761.8+0.018%$14K$290K10xas long as short
SunX SNDK-USDT0.0000%8h1,761.4−0.006%$828$3.4M20xas long as short
HTX SNDK-USDT0.0000%8h1,761.2−0.016%$1.4M$10.5M50xas long as short
Phemex SNDKUSDT0.0000%8h1,761.2−0.014%$2.8M$1.1M50xas long as short
Aftermath Perps SNDKUSD+0.0013%1h1,762.4+0.049%$673$38K5xas long as short
Vest SNDK-USD-PERP+0.0016%1h1,759.9−0.089%$579K10xas long as short
Lighter SNDK+0.0032%1h1,762.6+0.062%$1.8M$16.3M20xas long as short
Lighter RH SNDKlong+0.0032%1h1,761.5long leg$1.2M$9.5M10x
Extended SNDK_24_5-USD+0.0032%1h1,760.8−0.037%$493K$2.0M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+2.184%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,760.6−0.051%$254K$1.5M10xas long as short
Popdex SNDKUSDT+0.0048%1h1,761.1−0.022%$243K$652K20xas long as short
tradeXYZ xyz:SNDK+0.0050%1h1,761.6+0.006%$119.7M$159.7M10xas long as short
Entropy io:SNDK+0.0050%1h1,761.7+0.012%$4.6M$19.5M10xas long as short
Polymarket Perps SNDK-USD+0.0050%1h1,760.9−0.033%$185K$128K10xas long as short
SoDEX SNDK-USD+0.0050%1h1,761.4−0.007%$720K$520K10xas long as short
Paradex SNDK-USD-PERP+0.0050%8h1,760.9−0.034%5xas long as short
Ondo Perps SNDK-USD.P+0.0050%1h1,760.9−0.033%$1.4M$5.2M5xas long as short
Aevo SNDK-PERP+0.0080%1h1,761.5+0.001%$1K10xas long as short
Pacifica SNDK+0.0100%1h1,761.1−0.020%$197K$308K10xas long as short
ApeX Omni SNDKUSDTshort+0.0100%1h1,762.1+0.035%$68K$270K50x
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,761.7+0.012%$8K$3K20xas long as short
Coinbase International SNDK-PERP-INTX+0.0112%1h1,762.4+0.053%$429K$2.1M10xas long as short
Kraken Futures PF_SNDKUSD+0.0274%1h1,762.2+0.043%$127K$339K20xas long as short
edgeX SNDKUSDC+0.0798%4h1,761.8+0.020%$560K$351K10xas long as short