Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.024%

Price spread now: Aster against Pacifica+0.068%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.068%, 7d avg +0.010%

Together, before fees−0.060%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.058% dearer against Pacifica than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.010%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,786.8	0.0100	pay 0.0013% / 1h	59m 16s	$199K	$289K	10x
Short	Aster SNDKUSD1	1,788	0	get 0.0000% / 8h	3h 59m	$21.8M	$35.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$21
Price spread: +0.068% → +0.010%: $5.83
Slippage, 4 orders: −$7.66
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.83
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from Pacifica: live order book, 59 min ago; Aster: 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 Pacifica live order book, 59 min ago	0.28 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.31 bp	5.4 bp −$5	9.8 bp −$98	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	1,787	+0.013%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,788.4	+0.091%	$279K	$193K	15x	as long as short
Entropy io:SNDK	−0.0075%	1h	1,787.6	+0.046%	$4.9M	$19.9M	10x	as long as short
KuCoin SNDKUSDTM	−0.0028%	8h	1,787.4	+0.037%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,786.5	−0.017%	$1.4M	$12.9M	10x	as long as short
Nado SNDK-PERP	−0.0012%	1h	1,787.4	+0.034%	$349K	$1.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,791.9	+0.284%	$437K	$2.3M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,788	+0.068%	$21.8M	$35.1M	20x
Binance SNDKUSDT	0.0000%	8h	1,787.2	+0.023%	$284.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.5	+0.041%	$32.4M	$100.8M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.8	+0.002%	$83.9M	$825.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,788.1	+0.072%	$171K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.7	−0.005%	$180.3M	$228.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.8	0.000%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.1	+0.072%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788	+0.069%	$12K	$1.5M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.9	+0.007%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.5	−0.071%	$732	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787.6	+0.044%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.2	−0.031%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.8	+0.002%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,788.6	+0.105%	$745	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.7	+0.054%	$1.7M	$15.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.5	+0.038%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.2	+0.026%	$441K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.738%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.8	+0.001%	$278K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.5	−0.014%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.9	+0.007%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.5	−0.013%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,787.3	+0.030%	$118.4M	$149.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.6	−0.010%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.8	0.000%	$730K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.3	−0.026%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.5	−0.015%	$1K	—	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,786.8	long leg	$199K	$289K	10x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.2	+0.077%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.6	−0.009%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,787.4	+0.037%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0203%	4h	1,787.8	+0.060%	$568K	$353K	10x	as long as short