Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h +0.022%

Price spread now: SoDEX against Binance+0.022%7-day average +0.009% · 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−$25as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.022%, 7d avg +0.009%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.031% in total (about 3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,770.3	0	get 0.0000% / 8h	2h 49m	$279.7M	$1.83B	75x
Short	SoDEX SNDK-USD	1,770.6	0.0480	get 0.0060% / 1h	49m 13s	$724K	$513K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $100.89
Price spread: +0.022% → +0.009%: $1.33
Slippage, 4 orders: −$8.41
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $75.81
Costs to cover: 0.264%
Break-even: 1.7 days

Slippage from Binance: live order book, 10 min ago; SoDEX: live order book, 64 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 Binance live order book, 10 min ago	0.03 bp	5.0 bp −$5	6.1 bp −$61	14.9 bp −$1,487	doesn't fit
Sell SoDEX live order book, 64 min ago	0.03 bp	7.8 bp −$8	38.0 bp −$380	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	1,770.4	+0.007%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,770.9	+0.037%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0027%	1h	1,773	+0.154%	$338K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0015%	8h	1,770.7	+0.024%	$44.6M	$162.7M	75x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,771.8	+0.089%	$1.4M	$11.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.8	+0.029%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,770.3	long leg	$279.7M	$1.83B	75x
Bybit SNDKUSDT	0.0000%	8h	1,771.1	+0.046%	$31.9M	$102.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.4	+0.008%	$82.6M	$830.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,773	+0.155%	$121K	$1.6M	20x	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	1,770.5	+0.015%	$177.8M	$228.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,772.2	+0.111%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.5	+0.128%	$22K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	+0.082%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.6	+0.076%	$15K	$285K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772.1	+0.107%	$982	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771	+0.040%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.1	−0.006%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.2	−0.001%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	+0.0004%	1h	1,771.5	+0.071%	$4.8M	$19.7M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,771	+0.044%	$659	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,771.1	+0.046%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,772.4	+0.121%	$197K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.9	+0.037%	$1.3M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.1	+0.046%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.678%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.7	+0.024%	$264K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.3	+0.116%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.8	+0.085%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.4	+0.008%	$117.9M	$153.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.3	+0.059%	$185K	$132K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.3	+0.172%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,773.7	+0.197%	$435K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.1	+0.047%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.7	+0.136%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.2	−0.002%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,771.6	+0.075%	$1.8M	$15.8M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,771.9	+0.095%	$128K	$355K	20x	as long as short
SoDEX SNDK-USDshort	+0.0480%	1h	1,770.6	+0.022%	$724K	$513K	10x
edgeX SNDKUSDC	+0.0742%	4h	1,771.1	+0.048%	$562K	$352K	10x	as long as short