Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against SunX+0.039%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.039%, 7d avg +0.045%

Together, before fees+0.127%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, 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	1,785.3	0	get 0.0000% / 8h	5h 51m	$859	$3.6M	20x
Short	tradeXYZ xyz:SNDK	1,786	0.0046	get 0.0006% / 1h	51m 53s	$114.5M	$145.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.039%Rate

Funding earned: $9.65
Price spread: +0.039% → +0.045%: −$0.68
Slippage, 4 orders: −$58.32
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$75.35
Costs to cover: 0.843%
Break-even: 61.7 days

Slippage from SunX: live order book, 6 min ago; tradeXYZ: live order book, 8 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, 6 min ago	28.04 bp	32.0 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.28 bp	11.0 bp −$11	12.0 bp −$120	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	−0.0091%	1h	1,786.1	+0.043%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,784.5	−0.045%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.1	+0.041%	$1.6M	$15.2M	10x	as long as short
Nado SNDK-PERP	−0.0021%	1h	1,787.4	+0.118%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0007%	1h	1,785.9	+0.033%	$4.9M	$20.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.1	+0.043%	$21.8M	$37.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.5	+0.065%	$285.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.7	+0.076%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.8	+0.083%	$85.5M	$822.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.4	+0.118%	$170K	$1.8M	20x	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	1,786.4	+0.058%	$180.2M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.2	+0.048%	$43.8M	$163.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.7	−0.034%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.3	0.000%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.2	+0.050%	$15K	$290K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,785.3	long leg	$859	$3.6M	20x
HTX SNDK-USDT	0.0000%	8h	1,785.6	+0.015%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.9	+0.035%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.8	+0.026%	$664	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786.2	+0.050%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.1	+0.101%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.6	+0.071%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.5	+0.068%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.821%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.5	−0.048%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	+0.031%	—	$581K	10x	as long as short
tradeXYZ xyz:SNDKshort	+0.0046%	1h	1,786	+0.039%	$114.5M	$145.5M	10x
Popdex SNDKUSDT	+0.0048%	1h	1,786.4	+0.061%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.5	+0.068%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786	+0.039%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.1	+0.043%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.4	+0.061%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.8	+0.081%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.8	+0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.5	+0.065%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.5	+0.010%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	+0.030%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.5	+0.008%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0735%	4h	1,785.1	−0.014%	$567K	$352K	10x	as long as short