Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.003%

Price spread now: Aster against Injective−2.110%67s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 2.110% cheaper against Injective than usual: you would sell low and buy high (−$211 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.130%, so the current rate has only just turned against you. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	16m 07s	$36	$9K	12x
Short	Aster SNDKUSD1	1,762	0	get 0.0000% / 8h	2h 16m	$21.5M	$33.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −2.110%Rate

Funding earned: −$7
Price spread: −2.110% → 0.000%: −$210.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$226
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	1.02 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget SNDKUSDT	−0.0332%	8h	1,760.8	−2.176%	$46.2M	$164.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.4	−2.143%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0035%	8h	1,761.2	−2.155%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,761.3	−2.146%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,762	−2.110%	$21.5M	$33.4M	20x
Binance SNDKUSDT	0.0000%	8h	1,760.4	−2.198%	$279.6M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.7	−2.183%	$31.7M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.4	−2.198%	$81.8M	$828.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	−2.079%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760	−2.218%	$175.4M	$231.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.7	−2.124%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.2	−2.041%	$13K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.6	−2.076%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.3	−2.202%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.6	−2.134%	$847	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.3	−2.205%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.4	−2.252%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.5	−2.194%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,762	−2.107%	$327K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0008%	1h	1,759.4	−2.256%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,761.5	−2.137%	$749	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,761.7	−2.124%	$196K	$303K	10x	as long as short
Entropy io:SNDK	+0.0031%	1h	1,761.5	−2.137%	$4.7M	$19.8M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.8	−2.173%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.6	−2.189%	$425K	$1.9M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,761.2	−2.154%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.2	−2.153%	$242K	$665K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.2	−2.264%	$118.5M	$157.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.1	−2.214%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.8	−2.178%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.6	−2.132%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763.9	−2.003%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0072%	1h	1,761.5	−2.136%	$1.7M	$16.3M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,763.3	−2.038%	$435K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.2	−2.211%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.8	−2.007%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.3	−2.201%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,760.8	−2.176%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0671%	4h	1,761.7	−2.127%	$559K	$352K	10x	as long as short