Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Gate against RISEx−0.072%7-day average −0.033% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.072%, 7d avg −0.033%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.040% cheaper against RISEx than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SNDK/USDC	1,787.4	0	get 0.0000% / 1h	54m 05s	$170K	$1.8M	20x
Short	Gate SNDK_USDT	1,786.1	0	get 0.0000% / 8h	5h 54m	$180.2M	$230.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.033%: −$3.98
Slippage, 4 orders: −$9.03
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.01
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Gate: 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 RISEx live order book, 5 min ago	0.73 bp	3.7 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.03 bp	10.5 bp −$11	19.3 bp −$193	37.4 bp −$3,738	61.6 bp −$30.8K

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.5	−0.161%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786	−0.075%	$1.6M	$15.2M	10x	as long as short
Nado SNDK-PERP	−0.0003%	1h	1,787	−0.020%	$359K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	−0.059%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.1	−0.073%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.5	−0.051%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.1	−0.071%	$85.5M	$822.1M	75x	as long as short
RISEx SNDK/USDClong	0.0000%	1h	1,787.4	long leg	$170K	$1.8M	20x
Gate SNDK_USDTshort	0.0000%	8h	1,786.1	−0.072%	$180.2M	$230.4M	75x
Bitget SNDKUSDT	0.0000%	8h	1,785.8	−0.088%	$43.8M	$163.6M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,784.7	−0.149%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.3	−0.115%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.1	−0.074%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.4	−0.113%	$934	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.3	−0.062%	$51K	$332K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.6	−0.102%	$1.4M	$10.3M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.2	−0.065%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.5	−0.106%	$664	$37K	5x	as long as short
Entropy io:SNDK	+0.0008%	1h	1,785.3	−0.116%	$4.9M	$20.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,782.5	−0.276%	$435K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.2	−0.010%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787	−0.019%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.6	−0.042%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.704%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784	−0.189%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.4	−0.112%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	−0.071%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.2	−0.066%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,786.4	−0.055%	$114.5M	$145.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.8	−0.088%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	−0.094%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	−0.071%	$1.4M	$5.0M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.6	−0.043%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.8	−0.090%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.3	−0.058%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.7	−0.097%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	−0.086%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.7	−0.094%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0338%	4h	1,784.7	−0.151%	$567K	$351K	10x	as long as short