Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.013%

Price spread now: Gate against Pacifica+0.004%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now +0.004%, 7d avg +0.001%

Together, before fees+0.103%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,786.1	0.0094	pay 0.0012% / 1h	39m 36s	$199K	$292K	10x
Short	Gate SNDK_USDT	1,786.2	0	get 0.0000% / 8h	5h 39m	$180.3M	$230.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$19.67
Price spread: +0.004% → +0.001%: $0.25
Slippage, 4 orders: −$8.75
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.18
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Pacifica: live order book, 24 min ago; Gate: live order book, 4 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, 24 min ago	0.28 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.81 bp	10.7 bp −$11	16.8 bp −$168	38.1 bp −$3,809	62.2 bp −$31.1K

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	1,784.8	−0.070%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,785.9	−0.011%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0073%	1h	1,785.5	−0.033%	$4.9M	$20.2M	10x	as long as short
Nado SNDK-PERP	−0.0047%	1h	1,785.7	−0.024%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.6	−0.027%	$1.5M	$14.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	+0.010%	$21.8M	$37.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.1	+0.002%	$286.0M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.5	+0.023%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.5	+0.023%	$85.1M	$822.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787	+0.054%	$170K	$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	1,786.2	+0.004%	$180.3M	$230.6M	75x
Bitget SNDKUSDT	0.0000%	8h	1,786.1	0.000%	$43.8M	$161.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.6	−0.084%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786	−0.003%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.1	−0.055%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.2	−0.107%	$744	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.3	+0.011%	$51K	$337K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.4	−0.039%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.021%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.1	+0.002%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0020%	1h	1,785.8	−0.016%	$114.4M	$145.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.022%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.8	+0.041%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.4	+0.016%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.8	−0.014%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.776%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.3	−0.103%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.4	−0.097%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.7	−0.022%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,785.7	−0.021%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.5	−0.089%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.4	−0.037%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786	−0.005%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,785.9	−0.011%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.1	−0.053%	$1K	—	10x	as long as short
Pacifica SNDKlong	+0.0094%	1h	1,786.1	long leg	$199K	$292K	10x
KuCoin SNDKUSDTM	+0.0095%	8h	1,785.2	−0.053%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.4	+0.017%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.8	−0.073%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0530%	4h	1,785.1	−0.056%	$567K	$352K	10x	as long as short