Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0189%/8h= +20.6% APRpaid last 24h +0.116%

Price spread now: edgeX against Lighter RH−0.202%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs+$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.135%+$114 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.202%, 7d avg −0.022%

Together, before fees+1.322%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$132 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.181% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of −0.022%). If the spread goes back, that is −$18 on $10k: about 3.2 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+1.135% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,789.1	0.0032	pay 0.0004% / 1h	45m 29s	$1.3M	$9.5M	10x
Short	edgeX SNDKUSDC	1,785.4	0.0221	get 0.0110% / 4h	3h 45m	$567K	$355K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee Lighter RHbpFee edgeXbpOrdersPrice spread, now −0.202%Rate

Funding earned: $39.59
Price spread: −0.202% → −0.022%: −$18.07
Slippage, 4 orders: −$12.47
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $0.05
Costs to cover: 0.215%
Break-even: 7.0 days

Slippage from Lighter RH: live order book, 3 min ago; edgeX: live order book, 28 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 RH live order book, 3 min ago	0.67 bp	1.4 bp −$1	3.5 bp −$35	doesn't fit	doesn't fit
Sell edgeX live order book, 28 min ago	5.04 bp	9.6 bp −$10	11.3 bp −$113	46.7 bp −$4,667	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	1,791	+0.107%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0007%	1h	1,789.9	+0.046%	$50K	$311K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.5	−0.085%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.8	−0.070%	$285.2M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788.8	−0.013%	$32.2M	$100.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.7	−0.021%	$86.1M	$839.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.4	−0.035%	$183.3M	$233.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.4	−0.036%	$48.1M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.6	+0.086%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.138%	$9K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,789.6	+0.030%	$279K	$195K	15x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.008%	$737	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	+0.065%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790	+0.051%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,787.9	−0.065%	$2.1M	$20.6M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.6	−0.025%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,785.7	−0.190%	$823	$37K	5x	as long as short
Bullet SNDK-USD	+0.0015%	1h	1,789.6	+0.030%	$14K	$291K	10x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,790.4	+0.072%	$350K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.7	+0.034%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,789.1	long leg	$1.3M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.7	−0.023%	$428K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.609%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.2	−0.105%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.7	−0.018%	—	$647K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.1	−0.054%	$246K	$657K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.1	−0.166%	$4.8M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,787.6	−0.082%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789	−0.004%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	+0.058%	$1.4M	$4.9M	5x	as long as short
tradeXYZ xyz:SNDK	+0.0052%	1h	1,788.4	−0.037%	$115.1M	$150.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.6	+0.027%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.3	−0.043%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.4	−0.037%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,791.4	+0.130%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.2	−0.049%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790.8	+0.098%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDCshort	+0.0221%	4h	1,785.4	−0.202%	$567K	$355K	10x
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.6	+0.086%	$130K	$382K	20x	as long as short
SoDEX SNDK-USD	+0.0788%	1h	1,789.7	+0.037%	$732K	$515K	10x	as long as short