Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: QFEX against Aster−0.022%7-day average −0.041% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.022%, 7d avg −0.041%

Together, before fees−0.029%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,779.2	0	get 0.0000% / 8h	43m 10s	$22.0M	$46.4M	20x
Short	QFEX SNDK-USD	1,778.9	−0.0004	pay 0.0000% / 1h	43m 10s	$2.2M	$21.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$0.81
Price spread: −0.022% → −0.041%: $1.95
Slippage, 4 orders: −$8.01
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$24.87
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; QFEX: live order book, 6 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 Aster live order book, 6 min ago	1.21 bp	5.3 bp −$5	11.0 bp −$110	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.04 bp	6.0 bp −$6	6.6 bp −$66	9.3 bp −$932	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	1,779	−0.014%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0047%	1h	1,778.3	−0.053%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USDshort	−0.0004%	1h	1,778.9	−0.022%	$2.2M	$21.8M	10x
Aster SNDKUSD1long	0.0000%	8h	1,779.2	long leg	$22.0M	$46.4M	20x
Binance SNDKUSDT	0.0000%	8h	1,779	−0.014%	$284.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.9	−0.020%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.4	+0.009%	$87.4M	$845.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.9	−0.018%	$184.2M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.2	−0.003%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,779.1	−0.009%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,778.7	−0.029%	$12K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.9	−0.020%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.1	−0.008%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.8	−0.026%	$966	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	−0.021%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779	−0.014%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.6	−0.038%	$731	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.4	+0.063%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.3	+0.003%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.5	−0.044%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.164%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.8	−0.027%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.6	−0.036%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.3	+0.003%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779	−0.014%	$113.4M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.9	−0.020%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,778.9	−0.022%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.8	−0.027%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	−0.008%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.8	−0.025%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	+0.009%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779	−0.014%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.4	−0.048%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.2	−0.003%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.5	−0.040%	$8K	$2K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0132%	1h	1,779.4	+0.006%	$50K	$279K	10x	as long as short
Lighter SNDK	+0.0184%	1h	1,780.1	+0.048%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0193%	1h	1,778.8	−0.024%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.6	+0.021%	$129K	$407K	20x	as long as short
edgeX SNDKUSDC	+0.0576%	4h	1,779	−0.016%	$565K	$356K	10x	as long as short