Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter RH−0.012%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.012%, 7d avg −0.057%

Together, before fees−0.127%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.045% dearer against Lighter RH than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.057%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SNDK	1,783.9	0.0032	pay 0.0004% / 1h	36m 57s	$1.4M	$9.4M	10x
Short	SunX SNDK-USDT	1,783.7	0	get 0.0000% / 8h	6h 36m	$772	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$6.72
Price spread: −0.012% → −0.057%: $4.5
Slippage, 4 orders: −$59.29
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$69.51
Costs to cover: 0.673%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; SunX: live order book, 11 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, 2 min ago	1.40 bp	1.7 bp −$2	3.2 bp −$32	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	28.07 bp	32.1 bp −$32	61.6 bp −$616	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	1,788	+0.231%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0091%	1h	1,784.9	+0.057%	$4.9M	$20.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0064%	1h	1,783.6	−0.015%	$51K	$328K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.163%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.4	+0.026%	$1.8M	$17.2M	10x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,785	+0.065%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.5	+0.036%	$21.7M	$39.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.7	−0.065%	$285.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.9	−0.058%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.6	−0.072%	$85.5M	$829.4M	75x	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	1,782.6	−0.072%	$180.3M	$231.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,782.9	−0.057%	$43.9M	$167.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.170%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.041%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.4	+0.031%	$15K	$291K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,783.7	−0.012%	$772	$3.7M	20x
HTX SNDK-USDT	0.0000%	8h	1,783.7	−0.012%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,782.4	−0.084%	$2.8M	$1.1M	50x	as long as short
tradeXYZ xyz:SNDK	+0.0004%	1h	1,782.6	−0.072%	$114.1M	$146.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786	+0.119%	$670	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,783.9	0.000%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDKlong	+0.0032%	1h	1,783.9	long leg	$1.4M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,783.4	−0.027%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.901%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.1	+0.011%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784	+0.007%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	+0.040%	$246K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.026%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.2	+0.015%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.1	+0.012%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,782.8	−0.063%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.6	+0.040%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.8	−0.004%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.026%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.035%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.4	+0.029%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.2	−0.038%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.8	−0.064%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.5	+0.032%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.1	+0.067%	$171K	$1.8M	20x	as long as short