Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0103%/8h= −11.2% APRpaid last 24h −0.014%

Price spread now: Gate against SoDEX+0.155%7-day average +0.006% · 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−$21as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.155%, 7d avg +0.006%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.149% dearer against SoDEX than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.006%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SNDK-USD	1,787.8	0.0103	pay 0.0013% / 1h	29m 02s	$731K	$515K	10x
Short	Gate SNDK_USDT	1,790.6	0	get 0.0000% / 8h	7h 29m	$183.0M	$234.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.155%Rate

Funding earned: −$21.54
Price spread: +0.155% → +0.006%: $14.94
Slippage, 4 orders: −$12.47
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.06
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from SoDEX: live order book, 45 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 SoDEX live order book, 45 min ago	0.03 bp	7.6 bp −$8	42.2 bp −$422	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.12 bp	10.3 bp −$10	20.1 bp −$201	34.8 bp −$3,481	61.7 bp −$30.8K

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	1,790.4	+0.140%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.4	+0.145%	$21.8M	$44.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.7	+0.160%	$286.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	+0.185%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791	+0.177%	$86.4M	$835.8M	75x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,790.6	+0.155%	$183.0M	$234.7M	75x
Bitget SNDKUSDT	0.0000%	8h	1,789.5	+0.093%	$47.5M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.6	−0.068%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787	−0.050%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,787.7	−0.008%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,789.2	+0.076%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.7	+0.046%	$873	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.7	+0.106%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.6	+0.096%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.2	+0.132%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,788.6	+0.043%	$2.1M	$19.9M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,789.7	+0.104%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,788.5	+0.036%	$346K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,786.5	−0.075%	$715	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.1	+0.182%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.3	+0.140%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.2	+0.131%	$435K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.678%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.9	−0.111%	$303K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.7	−0.008%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.4	+0.031%	$245K	$647K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.7	+0.160%	$115.1M	$148.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.4	−0.081%	$4.9M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.5	+0.037%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.9	+0.057%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787	−0.047%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.3	+0.080%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,787.8	−0.002%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.3	+0.083%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.7	−0.230%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.8	+0.055%	$8K	$3K	20x	as long as short
SoDEX SNDK-USDlong	+0.0103%	1h	1,787.8	long leg	$731K	$515K	10x
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,787.7	−0.006%	$441K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.7	+0.104%	$130K	$379K	20x	as long as short
edgeX SNDKUSDC	+0.0988%	4h	1,786.5	−0.078%	$567K	$355K	10x	as long as short