Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.008%

Price spread now: SunX against tradeXYZ−0.089%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1531.535% of the position

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.089%, 7d avg −0.044%

Together, before fees−0.074%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.045% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNDK	1,762.3	0.0050	pay 0.0006% / 1h	31m 44s	$119.7M	$159.7M	10x
Short	SunX SNDK-USDT	1,760.7	0	get 0.0000% / 8h	31m 44s	$828	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against tradeXYZ. 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 tradeXYZbpFee SunXbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$10.5
Price spread: −0.089% → −0.044%: −$4.49
Slippage, 4 orders: −$127.47
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$168.46
Costs to cover: 1.535%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; SunX: live order book, 6 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 tradeXYZ live order book, 8 min ago	0.57 bp	9.6 bp −$10	10.4 bp −$104	14.5 bp −$1,451	doesn't fit
Sell SunX live order book, 6 min ago	63.08 bp	67.1 bp −$67	96.8 bp −$968	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
Bitget SNDKUSDT	−0.0269%	8h	1,762.4	+0.003%	$48.5M	$166.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.1	−0.068%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,761.5	−0.047%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.2	−0.065%	$6.0M	$22.4M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761	−0.073%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.027%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.8	−0.026%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.4	+0.006%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.2	−0.006%	$82.4M	$834.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763	+0.038%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,761.9	−0.022%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.070%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.3	+0.001%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.006%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.6	−0.096%	$14K	$290K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,760.7	−0.089%	$828	$3.4M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.8	−0.085%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.4	−0.111%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.9	−0.081%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,761.9	−0.025%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,759.3	−0.169%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.8	+0.031%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.1	−0.009%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	−0.034%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.137%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.5	−0.102%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.1	−0.068%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDKlong	+0.0050%	1h	1,762.3	long leg	$119.7M	$159.7M	10x
Entropy io:SNDK	+0.0050%	1h	1,761.8	−0.028%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.8	−0.142%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.7	−0.089%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.6	−0.039%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.9	−0.079%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.4	−0.107%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762	−0.019%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.1	−0.011%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.3	−0.113%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.007%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,761.1	−0.066%	$127K	$339K	20x	as long as short
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	−0.026%	$560K	$351K	10x	as long as short