Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%

Price spread now: Coinbase International against SunX−0.139%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$810.815% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.139%, 7d avg +0.054%

Together, before fees+0.399%+$40 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 Coinbase International is 0.192% cheaper against SunX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,788.2	0	get 0.0000% / 8h	4h 24m	$798	$3.6M	20x
Short	Coinbase International SNDK-PERP-INTX	1,785.7	−0.0032	pay 0.0004% / 1h	24m 14s	$439K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$6.72
Price spread: −0.139% → +0.054%: −$19.24
Slippage, 4 orders: −$63.46
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$107.42
Costs to cover: 0.815%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Coinbase International: 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 SunX live order book, 4 min ago	28.08 bp	32.1 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	1.54 bp	7.0 bp −$7	10.8 bp −$108	30.4 bp −$3,042	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	1,788.7	+0.031%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0093%	1h	1,789	+0.046%	$4.9M	$19.9M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	+0.096%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0081%	1h	1,789.8	+0.090%	$311K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.7	+0.031%	$1.4M	$13.4M	10x	as long as short
Coinbase International SNDK-PERP-INTXshort	−0.0032%	1h	1,785.7	−0.139%	$439K	$2.3M	10x
KuCoin SNDKUSDTM	−0.0003%	8h	1,788.2	+0.002%	$6.1M	$22.4M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.3	+0.065%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.5	+0.075%	$287.1M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.081%	$32.5M	$100.1M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.5	+0.074%	$84.6M	$826.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,790.2	+0.111%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.1	+0.053%	$180.3M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.1	+0.053%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.3	+0.004%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.5	+0.072%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789	+0.045%	$15K	$289K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,788.2	long leg	$798	$3.6M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.3	+0.063%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.5	+0.017%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.5	+0.075%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.4	+0.067%	$666	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.3	+0.116%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.7	+0.083%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.3	+0.065%	$490K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.659%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.8	−0.020%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.7	+0.088%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.9	+0.038%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.1	+0.051%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789	+0.047%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.2	+0.057%	$115.2M	$146.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	+0.035%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.1	+0.054%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.2	+0.057%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.8	+0.034%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.2	+0.060%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790	+0.100%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.3	+0.007%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0997%	4h	1,788.9	+0.043%	$568K	$351K	10x	as long as short