Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.009%

Price spread now: Extended against SunX+0.009%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 3 days (all we have)+0.127%+$13 · spread now +0.009%, 7d avg +0.046%

Together, before fees+0.260%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.036% cheaper against SunX than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.046%). If the spread goes back, that is −$4 on $10k: about 3.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,784.8	0	get 0.0000% / 8h	6h 04m	$1K	$3.6M	20x
Short	Extended SNDK_24_5-USD	1,785	0.0032	get 0.0004% / 1h	4m 46s	$477K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.009%Rate

Funding earned: $6.72
Price spread: +0.009% → +0.046%: −$3.64
Slippage, 4 orders: −$61.94
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$71.86
Costs to cover: 0.749%
Break-even: 81.9 days

Slippage from SunX: live order book, 3 min ago; Extended: 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	28.05 bp	32.0 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.78 bp	5.3 bp −$5	12.7 bp −$127	doesn't fit	doesn't fit

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
Deribit SNDK_USDC-PERPETUAL	−0.0086%	1h	1,785.1	+0.015%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.5	−0.072%	$278K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0037%	1h	1,786.1	+0.074%	$360K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0034%	1h	1,785	+0.012%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.9	+0.007%	$1.6M	$15.9M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0015%	1h	1,785.5	+0.040%	$114.5M	$145.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.8	+0.058%	$21.8M	$37.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.5	+0.041%	$285.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.9	+0.061%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.8	+0.057%	$85.4M	$826.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785.4	+0.035%	$180.6M	$232.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.5	+0.039%	$43.8M	$163.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.8	+0.003%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783	−0.102%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.8	+0.003%	$15K	$291K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,784.8	long leg	$1K	$3.6M	20x
HTX SNDK-USDT	0.0000%	8h	1,784.5	−0.016%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.7	−0.006%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,785	+0.011%	$707	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.1	+0.073%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.5	+0.039%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDshort	+0.0032%	1h	1,785	+0.009%	$477K	$1.7M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.850%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.3	−0.086%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.4	−0.021%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.1	+0.020%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.2	+0.023%	$246K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.7	−0.005%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.6	−0.013%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	+0.001%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.5	−0.017%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784	−0.043%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.3	+0.028%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.1	−0.041%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.1	+0.019%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.1	−0.039%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.3	+0.029%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,786.3	+0.085%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0998%	4h	1,783.6	−0.066%	$566K	$353K	10x	as long as short