Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.018%

Price spread now: Gate against Injective−1.686%54s7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 1.686% cheaper against Injective than usual: you would sell low and buy high (−$169 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 +0.064%, so the current rate has only just turned against you. The two prices were read 54 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	22m 27s	$36	$19K	12x
Short	Gate SNDK_USDT	1,769.6	0	get 0.0000% / 8h	2h 22m	$183.8M	$244.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −1.686%Rate

Funding earned: −$7
Price spread: −1.686% → 0.000%: −$168.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$190.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	0.85 bp	11.9 bp −$12	30.5 bp −$305	41.4 bp −$4,138	64.7 bp −$32.3K

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
Deribit SNDK_USDC-PERPETUAL	−0.0309%	1h	1,770	−1.662%	$49K	$225K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,769.7	−1.682%	$4.1M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,769.4	−1.699%	$283K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,771.3	−1.592%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,769.6	−1.686%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.1	−1.656%	$21.8M	$39.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.4	−1.698%	$286.5M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770	−1.663%	$31.5M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.5	−1.692%	$87.8M	$846.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.4	−1.641%	$162K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTshort	0.0000%	8h	1,769.6	−1.686%	$183.8M	$244.8M	75x
Bitget SNDKUSDT	0.0000%	8h	1,769.4	−1.701%	$49.8M	$171.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769.9	−1.668%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,769.7	−1.683%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769.4	−1.699%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.2	−1.709%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.7	−1.680%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769.6	−1.687%	$2.8M	$935K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,769.7	−1.682%	$709	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,770.4	−1.644%	$1.5M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.4	−1.641%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.1	−1.661%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$19K	12x
Vest SNDK-USD-PERP	+0.0036%	1h	1,769.9	−1.672%	—	$670K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.6	−1.686%	$434K	$2.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.4	−1.698%	$244K	$680K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770	−1.664%	$111.9M	$151.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.7	−1.681%	$4.5M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.4	−1.698%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769.5	−1.691%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.9	−1.670%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.2	−1.654%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,770.2	−1.653%	$128K	$414K	20x	as long as short
Nado SNDK-PERP	+0.0077%	1h	1,770.6	−1.629%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,769.3	−1.703%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769.6	−1.684%	$213K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,769.3	−1.703%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,770	−1.665%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.2	−1.709%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0443%	4h	1,769.3	−1.705%	$562K	$353K	10x	as long as short