Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.031%

Price spread now: SunX against Ondo Perps−0.075%7-day average −0.045% · you buy dearer than you sell

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.075%, 7d avg −0.045%

Together, before fees−0.080%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.030% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SNDK-USD.P	1,778	0.0050	pay 0.0006% / 1h	17m 00s	$1.4M	$4.9M	5x
Short	SunX SNDK-USDT	1,776.7	0	get 0.0000% / 8h	17m 00s	$803	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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 Ondo PerpsbpFee SunXbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$10.58
Price spread: −0.075% → −0.045%: −$2.95
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.54
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 11 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	28.04 bp	32.0 bp −$32	61.6 bp −$616	doesn't fit	doesn't fit

Ondo Perps: 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
BloFin SNDK-USDT	−0.0120%	8h	1,777.8	−0.010%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0073%	1h	1,777.5	−0.028%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.8	−0.013%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.5	+0.031%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.7	−0.015%	$283.9M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.1	+0.006%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778	0.000%	$87.1M	$845.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.7	−0.016%	$183.8M	$240.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.9	−0.007%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.6	−0.021%	$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	1,778.3	+0.018%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	−0.022%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.2	+0.011%	$15K	$291K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,776.7	−0.075%	$803	$3.9M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,778.3	+0.019%	$50K	$303K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.1	+0.004%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,777.8	−0.010%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,778.3	+0.019%	$803	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.9	+0.050%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778	+0.002%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.7	−0.018%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.235%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.5	−0.026%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.7	−0.017%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,777.8	−0.011%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.7	−0.017%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.8	−0.011%	$204K	$124K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.8	−0.014%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.9	−0.008%	—	—	5x	as long as short
Ondo Perps SNDK-USD.Plong	+0.0050%	1h	1,778	long leg	$1.4M	$4.9M	5x
Aevo SNDK-PERP	+0.0080%	1h	1,777.7	−0.017%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.057%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778	−0.003%	$212K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.3	−0.038%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.2	+0.010%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.4	−0.035%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,778.6	+0.033%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0168%	1h	1,778.1	+0.005%	$355K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0168%	4h	1,777.8	−0.009%	$565K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.7	+0.038%	$129K	$406K	20x	as long as short