Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%

Price spread now: Binance against SoDEX+0.030%7-day average +0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 2 days (all we have)−0.049%−$5 · spread now +0.030%, 7d avg +0.012%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SNDK-USD	1,774.7	0.0050	pay 0.0006% / 1h	3m 42s	$725K	$538K	10x
Short	Binance SNDKUSDT	1,775.2	0	get 0.0000% / 8h	1h 03m	$285.5M	$1.88B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: −$10.5
Price spread: +0.030% → +0.012%: $1.79
Slippage, 4 orders: −$7.66
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.36
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from SoDEX: live order book, 15 min ago; Binance: live order book, 10 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 SoDEX live order book, 15 min ago	0.03 bp	7.6 bp −$8	39.0 bp −$390	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.03 bp	5.3 bp −$5	6.8 bp −$68	17.5 bp −$1,750	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	1,774.5	−0.009%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0067%	1h	1,773.9	−0.042%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774.4	−0.012%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.9	+0.015%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,775.2	+0.030%	$285.5M	$1.88B	75x
Bybit SNDKUSDT	0.0000%	8h	1,775.4	+0.044%	$31.9M	$105.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.8	+0.065%	$87.5M	$843.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.1	+0.026%	$183.7M	$241.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.3	+0.035%	$49.6M	$169.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774	−0.039%	$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	1,774.2	−0.024%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.3	−0.076%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.1	+0.025%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	+0.009%	$965	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,774.7	+0.004%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.1	+0.023%	$2.8M	$993K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774	−0.035%	$715	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.6	+0.051%	$174K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.5	+0.049%	$1.6M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.9	+0.012%	$1.4M	$10.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774	−0.038%	$410K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.426%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.5	−0.009%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.9	−0.043%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,775	+0.020%	$245K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.8	+0.008%	$113.1M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.4	−0.014%	$197K	$89K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,774.7	long leg	$725K	$538K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.7	+0.002%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.9	−0.042%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,775	+0.017%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.6	−0.003%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.8	+0.008%	$213K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,774.3	−0.019%	$6.0M	$22.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773.9	−0.045%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.8	−0.051%	$8K	$2K	20x	as long as short
Nado SNDK-PERP	+0.0120%	1h	1,774.2	−0.023%	$386K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0269%	1h	1,775.2	+0.031%	$50K	$266K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0385%	1h	1,775.6	+0.056%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0899%	4h	1,773.3	−0.078%	$563K	$355K	10x	as long as short