Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.017%

Price spread now: SunX against Coinbase International−0.110%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$790.789% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.110%, 7d avg −0.054%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.056% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,779	0.0096	pay 0.0012% / 1h	20m 13s	$441K	$2.4M	10x
Short	SunX SNDK-USDT	1,777.1	0	get 0.0000% / 8h	20m 13s	$885	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$20.16
Price spread: −0.110% → −0.054%: −$5.61
Slippage, 4 orders: −$60.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$104.71
Costs to cover: 0.789%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; SunX: live order book, 8 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 Coinbase International live order book, 4 min ago	1.58 bp	7.8 bp −$8	11.7 bp −$117	35.2 bp −$3,520	doesn't fit
Sell SunX live order book, 8 min ago	28.04 bp	32.0 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	1,778	−0.055%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0068%	1h	1,777.3	−0.097%	$4.5M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.9	−0.065%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.4	−0.037%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778	−0.058%	$283.9M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.4	−0.037%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.1	−0.052%	$87.2M	$845.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.1	−0.053%	$183.9M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.9	−0.061%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.6	−0.078%	$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	1,777.8	−0.068%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.7	−0.074%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.1	−0.054%	$15K	$290K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,777.1	−0.110%	$885	$3.9M	20x
HTX SNDK-USDT	0.0000%	8h	1,778.3	−0.043%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778	−0.058%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,778.4	−0.034%	$803	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.2	+0.011%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.1	−0.050%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.6	−0.080%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.177%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.4	−0.089%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.6	−0.081%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778	−0.057%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.8	−0.069%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.8	−0.069%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.9	−0.062%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.9	−0.063%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.2	−0.046%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.9	−0.063%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0096%	1h	1,779	long leg	$441K	$2.4M	10x
Pacifica SNDK	+0.0100%	1h	1,777.9	−0.066%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.4	−0.093%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	−0.082%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.5	−0.084%	$8K	$2K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0133%	1h	1,778.5	−0.031%	$50K	$303K	10x	as long as short
Lighter SNDK	+0.0136%	1h	1,778.9	−0.009%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0170%	1h	1,777.9	−0.063%	$360K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.8	−0.011%	$129K	$406K	20x	as long as short
edgeX SNDKUSDC	+0.0674%	4h	1,777.4	−0.092%	$565K	$354K	10x	as long as short