Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.011%

Price spread now: SunX against Popdex−0.064%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.064%, 7d avg −0.043%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.020% cheaper against Popdex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,777.8	0.0048	pay 0.0006% / 1h	17m 15s	$245K	$670K	20x
Short	SunX SNDK-USDT	1,776.7	0	get 0.0000% / 8h	17m 15s	$803	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Popdex. 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 PopdexbpFee SunXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$10.08
Price spread: −0.064% → −0.043%: −$2.03
Slippage, 4 orders: −$57.21
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$83.73
Costs to cover: 0.716%
Break-even: never at this rate

Slippage from Popdex: live order book, 62 min ago; SunX: live order book, 11 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 Popdex live order book, 62 min ago	0.56 bp	3.8 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
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

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	+0.002%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0073%	1h	1,777.5	−0.017%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.8	−0.002%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.7	+0.050%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.7	−0.003%	$283.9M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.1	+0.016%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.1	+0.017%	$87.1M	$845.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.7	−0.005%	$183.8M	$240.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.9	+0.004%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.6	−0.010%	$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	+0.030%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	−0.011%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.2	+0.022%	$15K	$291K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,776.7	−0.064%	$803	$3.9M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,778.3	+0.030%	$50K	$303K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.1	+0.015%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,777.8	+0.001%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,778.3	+0.030%	$803	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.9	+0.062%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778	+0.013%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.7	−0.006%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.246%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.5	−0.015%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.7	−0.006%	—	$670K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,777.8	long leg	$245K	$670K	20x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.7	−0.006%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.8	0.000%	$204K	$124K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.8	−0.003%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.9	+0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	+0.011%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.7	−0.005%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.069%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778	+0.008%	$212K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.3	−0.026%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.2	+0.021%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.4	−0.024%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,778.6	+0.044%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0168%	1h	1,778.1	+0.016%	$355K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0168%	4h	1,777.8	+0.002%	$565K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.7	+0.049%	$129K	$406K	20x	as long as short