Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0385%/8h= +42.2% APRpaid last 24h +0.054%

Price spread now: Kraken Futures against SunX+0.084%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.852%+$85 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.084%, 7d avg +0.042%

Together, before fees+0.754%+$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.042% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,773.4	0	get 0.0000% / 8h	1h 06m	$951	$3.9M	20x
Short	Kraken Futures PF_SNDKUSD	1,774.9	0.0385	get 0.0048% / 1h	6m 01s	$129K	$413K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.084%Rate

Funding earned: $80.95
Price spread: +0.084% → +0.042%: $4.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $67.11
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: SunX: live order book, 12 min ago; Kraken Futures: live order book, 12 min ago. Net counts fees only.

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, 12 min ago	264.60 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 12 min ago	1.69 bp	11.7 bp −$12	35.1 bp −$351	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	1,773.6	+0.014%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0075%	1h	1,773.2	−0.010%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774.1	+0.042%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.7	+0.077%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.4	+0.060%	$285.4M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.6	+0.067%	$31.8M	$105.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.8	+0.081%	$87.4M	$842.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.3	+0.053%	$183.6M	$241.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.5	+0.061%	$49.6M	$169.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.2	−0.007%	$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	+0.048%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.5	+0.007%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.3	+0.050%	$14K	$292K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,773.4	long leg	$951	$3.9M	20x
HTX SNDK-USDT	0.0000%	8h	1,774.6	+0.069%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,774.3	+0.054%	$2.8M	$992K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.8	+0.027%	$683	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.2	+0.101%	$174K	$1.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0032%	1h	1,774.6	+0.068%	$49K	$264K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.1	+0.100%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.5	+0.066%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.9	+0.032%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.499%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.8	+0.025%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.5	+0.006%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.3	+0.052%	$245K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774	+0.036%	$113.1M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774	+0.036%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.9	+0.031%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.1	+0.040%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.6	+0.013%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,775	+0.089%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.1	+0.041%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774	+0.036%	$213K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.7	+0.017%	$6.0M	$22.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773.9	+0.030%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.6	+0.015%	$8K	$2K	20x	as long as short
Nado SNDK-PERP	+0.0116%	1h	1,773.5	+0.007%	$386K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0385%	1h	1,774.9	+0.084%	$129K	$413K	20x
edgeX SNDKUSDC	+0.0635%	4h	1,773.3	−0.005%	$563K	$354K	10x	as long as short