Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.005%

Price spread now: QFEX against Gate−0.021%7-day average −0.045% · 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−$27as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.021%, 7d avg −0.045%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.024% dearer against Gate than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.045%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 3 days (−0.008% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,785.6	0	get 0.0000% / 8h	6h 04m	$180.7M	$232.7M	75x
Short	QFEX SNDK-USD	1,785.2	−0.0024	pay 0.0003% / 1h	4m 42s	$1.6M	$15.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$5.04
Price spread: −0.021% → −0.045%: $2.35
Slippage, 4 orders: −$3.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$31.57
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; QFEX: live order book, 4 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 Gate live order book, 4 min ago	0.39 bp	8.3 bp −$8	17.9 bp −$179	41.5 bp −$4,149	63.3 bp −$31.6K
Sell QFEX live order book, 4 min ago	0.45 bp	5.4 bp −$5	7.0 bp −$70	12.3 bp −$1,230	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0086%	1h	1,785.1	−0.031%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.5	−0.118%	$278K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0037%	1h	1,786.1	+0.028%	$360K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0034%	1h	1,785	−0.034%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USDshort	−0.0024%	1h	1,785.2	−0.021%	$1.6M	$15.9M	10x
tradeXYZ xyz:SNDK	−0.0015%	1h	1,785.5	−0.006%	$114.5M	$145.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.8	+0.012%	$21.8M	$37.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.6	−0.001%	$285.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.1	+0.026%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.9	+0.016%	$85.5M	$824.3M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTlong	0.0000%	8h	1,785.6	long leg	$180.7M	$232.7M	75x
Bitget SNDKUSDT	0.0000%	8h	1,785.5	−0.007%	$43.8M	$163.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.8	−0.043%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783	−0.148%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.8	−0.043%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.8	−0.046%	$1K	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.5	−0.062%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.7	−0.052%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,785	−0.035%	$707	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.5	+0.048%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.9	+0.018%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.5	−0.008%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.804%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.5	−0.118%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.4	−0.067%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.4	−0.010%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.7	+0.005%	$246K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.7	−0.051%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.6	−0.059%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	−0.045%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.5	−0.063%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784	−0.089%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.8	+0.009%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.3	−0.072%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.1	−0.027%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.1	−0.085%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.3	−0.017%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,786.2	+0.032%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0998%	4h	1,783.6	−0.112%	$566K	$353K	10x	as long as short