Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.051%

Price spread now: Gate against Extended+0.009%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 7 days+0.005%$0 · spread now +0.009%, 7d avg +0.037%

Together, before fees−0.093%+ Points / potential airdropExtended: Active · farm board−$9 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 Gate is 0.028% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,774.7	0.0032	pay 0.0004% / 1h	28m 28s	$410K	$1.7M	10x
Short	Gate SNDK_USDT	1,774.9	0	get 0.0000% / 8h	1h 28m	$183.2M	$241.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$6.72
Price spread: +0.009% → +0.037%: −$2.76
Slippage, 4 orders: −$9.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.95
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Gate: 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 Extended live order book, 5 min ago	1.18 bp	4.2 bp −$4	9.7 bp −$97	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	0.54 bp	11.3 bp −$11	18.1 bp −$181	38.9 bp −$3,892	63.8 bp −$31.9K

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	1,774.8	+0.002%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774.4	−0.021%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,775	+0.015%	$21.9M	$43.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.6	−0.006%	$286.2M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,775.1	+0.019%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.9	+0.009%	$87.7M	$842.9M	75x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,774.9	+0.009%	$183.2M	$241.6M	75x
Bitget SNDKUSDT	0.0000%	8h	1,774.9	+0.011%	$49.6M	$169.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773	−0.098%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773.3	−0.084%	$21K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,773.7	−0.059%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.6	−0.006%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	+0.005%	$763	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,774.9	+0.010%	$49K	$255K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,774.6	−0.006%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,774.9	+0.011%	$2.8M	$973K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.4	−0.078%	$717	$37K	5x	as long as short
Entropy io:SNDK	+0.0010%	1h	1,773.6	−0.064%	$4.5M	$20.5M	10x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.9	+0.066%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.7	+0.055%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,775.1	+0.023%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,774.7	long leg	$410K	$1.7M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.421%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.3	−0.025%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,774.3	−0.023%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.9	+0.009%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.8	+0.003%	$113.1M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.6	−0.008%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.1	−0.039%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,775	+0.017%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.7	−0.115%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.3	−0.024%	$441K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0074%	1h	1,775.2	+0.024%	$386K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.5	−0.015%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.7	−0.003%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,774.2	−0.031%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	−0.105%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774.2	−0.031%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0385%	1h	1,775.4	+0.034%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,773.2	−0.087%	$563K	$355K	10x	as long as short