Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.018%

Price spread now: SunX against Pacifica−0.107%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$770.771% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.107%, 7d avg −0.033%

Together, before fees−0.088%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.074% cheaper against Pacifica than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,790.9	0.0100	pay 0.0013% / 1h	21m 43s	$199K	$287K	10x
Short	SunX SNDK-USDT	1,788.9	0	get 0.0000% / 8h	4h 21m	$814	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$21
Price spread: −0.107% → −0.033%: −$7.4
Slippage, 4 orders: −$61.1
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$105.49
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 min ago; SunX: live order book, 6 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, 37 min ago	0.28 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	28.08 bp	32.1 bp −$32	61.6 bp −$616	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	1,789.8	−0.058%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	−0.054%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0082%	1h	1,790.5	−0.021%	$353K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0079%	1h	1,790.1	−0.042%	$4.9M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.8	−0.062%	$1.4M	$13.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.288%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0007%	8h	1,790	−0.050%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.2	+0.018%	$21.8M	$36.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.9	+0.001%	$287.4M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.3	+0.025%	$32.6M	$100.1M	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	1,790.4	−0.026%	$84.2M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.3	+0.023%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.9	−0.001%	$180.4M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.8	−0.003%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.3	−0.146%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.5	−0.078%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.5	−0.018%	$15K	$289K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,788.9	−0.107%	$814	$3.6M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.1	+0.015%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	−0.041%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,791	+0.006%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.7	−0.066%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.7	+0.049%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.3	+0.022%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	−0.021%	$490K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.508%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.1	−0.154%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,791.5	+0.035%	$131K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	−0.054%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.4	−0.026%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.5	−0.020%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.8	−0.003%	$115.3M	$146.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.4	−0.026%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.7	−0.067%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.3	−0.031%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.3	−0.031%	$1K	—	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,790.9	long leg	$199K	$287K	10x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.3	−0.086%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.9	−0.053%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0555%	4h	1,788.4	−0.138%	$568K	$352K	10x	as long as short