Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Gate−0.041%7-day average −0.005% · 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−$39as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.041%, 7d avg −0.005%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.036% cheaper against Gate than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.005%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,781.5	0	get 0.0000% / 8h	3h 48m	$179.7M	$228.8M	75x
Short	SoDEX SNDK-USD	1,780.8	0.0050	get 0.0006% / 1h	48m 30s	$728K	$514K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.5
Price spread: −0.041% → −0.005%: −$3.62
Slippage, 4 orders: −$12.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$28.24
Costs to cover: 0.351%
Break-even: 25.8 days

Slippage from Gate: live order book, 6 min ago; SoDEX: live order book, 5 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, 6 min ago	0.48 bp	8.7 bp −$9	17.7 bp −$177	37.8 bp −$3,779	60.3 bp −$30.2K
Sell SoDEX live order book, 5 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	1,780	−0.086%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0118%	1h	1,781.9	+0.021%	$4.9M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0055%	1h	1,781.3	−0.015%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,781.3	−0.012%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,781.1	−0.026%	$1.4M	$12.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.225%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.9	+0.020%	$21.7M	$34.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,781.9	+0.019%	$284.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.1	+0.032%	$32.3M	$101.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.2	+0.038%	$83.4M	$824.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,782.4	+0.047%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,781.5	long leg	$179.7M	$228.8M	75x
Bitget SNDKUSDT	0.0000%	8h	1,781.9	+0.020%	$43.7M	$161.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.1	+0.085%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785	+0.196%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.1	+0.032%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,781.1	−0.024%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.4	−0.117%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.3	−0.012%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,780.2	−0.077%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,780.3	−0.067%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,784.7	+0.175%	$701	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,781.6	+0.003%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,781	−0.030%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,781.5	−0.003%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.035%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,782	+0.028%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,780.5	−0.060%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,781.9	+0.021%	$245K	$649K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,781.2	−0.016%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,780.8	−0.041%	$117.8M	$150.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,781.7	+0.010%	$187K	$128K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,780.8	−0.041%	$728K	$514K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.5	−0.002%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.5	−0.056%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,781.1	−0.024%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785	+0.194%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,780.4	−0.064%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,781.4	−0.008%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0187%	4h	1,784.5	+0.166%	$567K	$352K	10x	as long as short