Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: Lighter against SunX+0.075%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

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

costs, in and out, $10k−$660.656% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.075%, 7d avg +0.049%

Together, before fees+0.200%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.026% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,788.5	0	get 0.0000% / 8h	4h 36m	$885	$3.6M	20x
Short	Lighter SNDK	1,789.8	0.0032	get 0.0004% / 1h	36m 51s	$1.7M	$15.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.075%Rate

Funding earned: $6.72
Price spread: +0.075% → +0.049%: $2.61
Slippage, 4 orders: −$57.56
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$56.23
Costs to cover: 0.656%
Break-even: 65.6 days

Slippage from SunX: live order book, 11 min ago; Lighter: live order book, 7 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 SunX live order book, 11 min ago	28.06 bp	32.1 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.70 bp	0.7 bp −$1	1.1 bp −$11	5.3 bp −$533	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	1,788.6	+0.009%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0106%	1h	1,789.2	+0.041%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.4	+0.111%	$311K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.4	+0.052%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789	+0.032%	$1.5M	$13.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.155%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.2	+0.040%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.3	+0.049%	$287.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.7	+0.070%	$32.6M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.2	+0.041%	$84.8M	$826.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,790.5	+0.115%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.3	+0.045%	$180.1M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.8	+0.017%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	+0.071%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790	+0.087%	$20K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,788.8	+0.018%	$15K	$290K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,788.5	long leg	$885	$3.6M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.1	+0.032%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.6	+0.005%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.9	+0.022%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.5	+0.058%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0013%	8h	1,788.2	−0.015%	$6.1M	$22.3M	20x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,789.8	+0.075%	$1.7M	$15.7M	20x
Lighter RH SNDK	+0.0032%	1h	1,789.4	+0.050%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.4	+0.053%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.642%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	+0.005%	$273K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.3	+0.047%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.9	+0.025%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.2	+0.041%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.6	+0.063%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.3	+0.046%	$115.2M	$146.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.4	−0.004%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789	+0.030%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.1	+0.035%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.4	−0.002%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	+0.065%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.4	+0.054%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.2	−0.017%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0610%	4h	1,789	+0.030%	$568K	$352K	10x	as long as short