Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.009%

Price spread now: Arcus against SunX−0.028%7-day average −0.013% · 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−$76as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.028%, 7d avg −0.013%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,774.8	0	get 0.0000% / 8h	1h 25m	$724	$3.9M	20x
Short	Arcus SNDK-USD	1,774.3	0.0040	get 0.0005% / 1h	25m 13s	$284K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.028%Rate

Funding earned: $8.46
Price spread: −0.028% → −0.013%: −$1.57
Slippage, 4 orders: −$61.66
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$67.27
Costs to cover: 0.742%
Break-even: 62.7 days

Slippage from SunX: live order book, 3 min ago; Arcus: live order book, 4 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 SunX live order book, 3 min ago	28.03 bp	32.0 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	0.62 bp	4.7 bp −$5	8.7 bp −$87	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	1,774.8	+0.001%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774.8	−0.001%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,775.2	+0.023%	$21.9M	$45.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.7	−0.004%	$286.2M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,775.3	+0.029%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.2	+0.023%	$87.6M	$843.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.7	−0.006%	$183.2M	$241.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775	+0.008%	$49.6M	$169.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.8	−0.002%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,774.8	−0.001%	$21K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,774.4	−0.023%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.9	+0.006%	$13K	$293K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,774.8	long leg	$724	$3.9M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,775	+0.008%	$49K	$255K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775	+0.011%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775	+0.010%	$2.8M	$976K	50x	as long as short
Entropy io:SNDK	+0.0001%	1h	1,774	−0.045%	$4.6M	$20.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774.1	−0.039%	$748	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.7	+0.050%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.6	+0.046%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,775.1	+0.017%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.3	−0.027%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.418%	$36	$15K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,774.3	−0.028%	$284K	$1.7M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,774.3	−0.026%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.8	0.000%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.9	+0.006%	$113.1M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.8	0.000%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.9	+0.003%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.9	+0.004%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774.1	−0.039%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.3	−0.028%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.7	−0.005%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0087%	1h	1,774.9	+0.007%	$385K	$1.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.6	−0.011%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,774.2	−0.034%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,775.4	+0.036%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774	−0.043%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0385%	1h	1,775.4	+0.036%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0782%	4h	1,774	−0.046%	$563K	$353K	10x	as long as short