Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0455%/8h= −49.8% APRpaid last 24h −0.056%

Price spread now: SunX against Kraken Futures−0.062%7-day average −0.042% · you buy dearer than you sell

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

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.848%−$85 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.062%, 7d avg −0.042%

Together, before fees−0.794%−$79 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,779.7	0.0455	pay 0.0057% / 1h	39m 39s	$129K	$407K	20x
Short	SunX SNDK-USDT	1,778.6	0	get 0.0000% / 8h	39m 39s	$939	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. 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 Kraken FuturesbpFee SunXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$95.59
Price spread: −0.062% → −0.042%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$115.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 38 min ago; SunX: live order book, 8 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 Kraken Futures live order book, 38 min ago	1.69 bp	14.4 bp −$14	46.8 bp −$468	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	583.24 bp	doesn't fit	doesn't fit	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	1,778.5	−0.069%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0062%	1h	1,778.2	−0.085%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.7	−0.058%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.3	−0.021%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779	−0.041%	$284.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779	−0.040%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779	−0.040%	$87.3M	$845.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.9	−0.046%	$184.1M	$239.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.1	−0.036%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.7	−0.059%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779	−0.041%	$12K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.6	−0.062%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.1	−0.036%	$14K	$292K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,778.6	−0.062%	$939	$3.9M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779.2	−0.029%	$50K	$281K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.6	−0.063%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779	−0.042%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.7	−0.059%	$672	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.2	+0.028%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.1	−0.035%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	−0.061%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.138%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.5	−0.070%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.7	−0.060%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.9	−0.046%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.7	−0.057%	$113.4M	$151.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.9	−0.046%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,778.8	−0.050%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.8	−0.053%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.057%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.7	−0.059%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	−0.062%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.8	−0.049%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.3	−0.081%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.9	−0.045%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.9	−0.104%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0152%	1h	1,779.8	+0.007%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0183%	1h	1,779	−0.041%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0455%	1h	1,779.7	long leg	$129K	$407K	20x
edgeX SNDKUSDC	+0.0896%	4h	1,778.5	−0.070%	$565K	$354K	10x	as long as short