Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter RH−0.109%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.109% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 5.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,785.1	0.0032	pay 0.0004% / 1h	34m 21s	$1.4M	$9.4M	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,783.1	0.0100	get 0.0100% / 8h	6h 34m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.109%Rate

Funding earned: $14.28
Price spread: −0.109% → 0.000%: −$10.92
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.64
Costs to cover: 0.060%
Break-even: 8.3 days

Slippage unknown: Lighter RH: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	1.40 bp	1.7 bp −$2	3.2 bp −$32	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,788	+0.165%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0057%	1h	1,784.4	−0.037%	$4.9M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.2	−0.104%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.8	−0.071%	$1.8M	$17.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,785.1	0.000%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785	−0.005%	$21.7M	$39.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.4	−0.038%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785	−0.006%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.4	−0.037%	$85.6M	$830.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.3	−0.045%	$180.6M	$231.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,784.1	−0.056%	$44.0M	$166.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.071%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.106%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.2	−0.048%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.9	−0.064%	$772	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784.6	−0.029%	$51K	$329K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.6	−0.026%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.5	−0.030%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.1	+0.004%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0011%	1h	1,784.2	−0.048%	$114.3M	$146.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.3	+0.015%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,785.1	long leg	$1.4M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.6	−0.028%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.835%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.7	−0.074%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.5	−0.086%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.1	+0.002%	$245K	$646K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.091%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.4	−0.035%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784	−0.059%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.2	−0.051%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.9	−0.065%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.9	−0.066%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.091%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	−0.033%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.4	−0.036%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783	−0.113%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,783.1	−0.109%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.8	−0.013%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.1	+0.001%	$171K	$1.8M	20x	as long as short