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: Gate against Lighter RH0.000%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Lighter RH Short on Gate

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+0.046%+$5 · spread now 0.000%, 7d avg +0.029%

Together, before fees+0.026%+ Points / potential airdropLighter RH: Points live · farm board+$3 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 Gate is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,762.7	0.0032	pay 0.0004% / 1h	2m 39s	$1.2M	$9.6M	10x
Short	Gate SNDK_USDT	1,762.7	0	get 0.0000% / 8h	2m 39s	$179.2M	$229.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.72
Price spread: 0.000% → +0.029%: −$2.91
Slippage, 4 orders: −$8.33
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.96
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago	0.57 bp	0.8 bp −$1	2.9 bp −$29	38.0 bp −$3,803	doesn't fit
Sell Gate live order book, 1 min ago	1.42 bp	10.3 bp −$10	16.9 bp −$169	38.1 bp −$3,811	61.8 bp −$30.9K

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	−0.0239%	8h	1,762.7	+0.002%	$50.0M	$166.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.8	+0.005%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0003%	1h	1,762.6	−0.006%	$329K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0001%	8h	1,761.8	−0.048%	$6.1M	$22.6M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762.5	−0.013%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.5	−0.013%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.4	−0.015%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.6	−0.003%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.3	−0.022%	$82.4M	$833.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.6	+0.051%	$121K	$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_USDTshort	0.0000%	8h	1,762.7	0.000%	$179.2M	$229.7M	75x
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.093%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761	−0.093%	$20K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.6	−0.062%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.6	−0.005%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.8	+0.007%	$723	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.4	−0.019%	$51K	$357K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.9	−0.043%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.5	−0.010%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,760.5	−0.125%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,762.5	−0.008%	$673	$38K	5x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,762.7	long leg	$1.2M	$9.6M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	−0.057%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.114%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,763.3	+0.032%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.9	−0.100%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.3	−0.022%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.8	+0.006%	$120.1M	$157.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	−0.056%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.5	−0.068%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.2	−0.027%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.1	−0.031%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.6	−0.005%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.6	−0.007%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.5	−0.010%	$198K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.2	−0.086%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.3	−0.024%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762	−0.040%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,763.1	+0.022%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0436%	4h	1,760.7	−0.115%	$559K	$351K	10x	as long as short