Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.003%

Price spread now: Aster against Arcus+0.046%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.046%, 7d avg +0.072%

Together, before fees−0.014%+ Points / potential airdropAster: Stage 5 · farm board−$1 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 Aster is 0.026% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.072%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,761.2	0.0040	pay 0.0005% / 1h	16m 10s	$262K	$1.4M	10x
Short	Aster SNDKUSD1	1,762	0	get 0.0000% / 8h	2h 16m	$21.5M	$33.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$8.46
Price spread: +0.046% → +0.072%: −$2.63
Slippage, 4 orders: −$15.47
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.06
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; Aster: live order book, 3 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 Arcus live order book, 3 min ago	1.02 bp	5.4 bp −$5	12.3 bp −$123	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.02 bp	5.9 bp −$6	9.6 bp −$96	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
Bitget SNDKUSDT	−0.0332%	8h	1,760.8	−0.022%	$46.2M	$164.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.4	+0.012%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0035%	8h	1,761.2	−0.001%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,761.3	+0.009%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,762	+0.046%	$21.5M	$33.4M	20x
Binance SNDKUSDT	0.0000%	8h	1,760.4	−0.045%	$279.6M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.7	−0.030%	$31.7M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.4	−0.044%	$81.8M	$828.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.077%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760	−0.065%	$175.4M	$231.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.7	+0.031%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.2	+0.116%	$13K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.6	+0.081%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.3	−0.048%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.6	+0.021%	$847	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.3	−0.052%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.4	−0.099%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.5	−0.040%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,762	+0.049%	$327K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0008%	1h	1,759.4	−0.103%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,761.5	+0.018%	$749	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,761.7	+0.031%	$196K	$303K	10x	as long as short
Entropy io:SNDK	+0.0031%	1h	1,761.5	+0.018%	$4.7M	$19.8M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.8	−0.019%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.6	−0.036%	$425K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.202%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,761.2	long leg	$262K	$1.4M	10x
Popdex SNDKUSDT	+0.0048%	1h	1,761.2	+0.001%	$242K	$665K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.2	−0.112%	$118.5M	$157.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.1	−0.061%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.8	−0.024%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.6	+0.023%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763.9	+0.154%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0072%	1h	1,761.5	+0.019%	$1.7M	$16.3M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,763.3	+0.119%	$435K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.2	−0.058%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.8	+0.151%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.3	−0.048%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,760.8	−0.022%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0671%	4h	1,761.7	+0.028%	$559K	$352K	10x	as long as short