Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: Gate against Arcus−0.098%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.145%+$15 · spread now −0.098%, 7d avg +0.075%

Together, before fees+0.135%+$13 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 Gate is 0.173% cheaper against Arcus than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,759.3	0.0040	pay 0.0005% / 1h	58m 23s	$254K	$1.5M	10x
Short	Gate SNDK_USDT	1,757.6	0	get 0.0000% / 8h	58m 23s	$177.2M	$227.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.098%Rate

Funding earned: −$8.46
Price spread: −0.098% → +0.075%: −$17.33
Slippage, 4 orders: −$15.92
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.21
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; Gate: 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 Arcus live order book, 1 min ago	1.02 bp	8.7 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	0.60 bp	10.1 bp −$10	23.5 bp −$235	39.6 bp −$3,961	61.3 bp −$30.7K

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	−0.0284%	8h	1,758.3	−0.057%	$48.2M	$167.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.2	−0.002%	$3.9M	$4.6M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0063%	1h	1,757.8	−0.086%	$51K	$351K	10x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,759.4	+0.005%	$327K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0007%	8h	1,758.7	−0.034%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,758.1	−0.067%	$1.4M	$10.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.3	+0.003%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,757.9	−0.081%	$278.6M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.3	−0.055%	$32.0M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,757.9	−0.078%	$82.2M	$834.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,759.2	−0.005%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,757.6	−0.098%	$177.2M	$227.8M	75x
Variational Omni SNDK	0.0000%	8h	1,759.8	+0.029%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.9	+0.034%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	+0.098%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	−0.073%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.1	−0.009%	$909	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759	−0.018%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.1	+0.047%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,760.3	+0.058%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,756.3	−0.172%	—	$579K	10x	as long as short
Polymarket Perps SNDK-USD	+0.0031%	1h	1,757.2	−0.118%	$185K	$130K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.9	−0.020%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.3	−0.058%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.312%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,759.3	long leg	$254K	$1.5M	10x
Lighter SNDK	+0.0048%	1h	1,759.7	+0.023%	$1.7M	$16.2M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.2	−0.061%	$242K	$654K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.1	−0.067%	$118.7M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.9	+0.035%	$4.6M	$19.6M	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,757.7	−0.093%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.7	−0.032%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759	−0.016%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.4	−0.109%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.7	−0.032%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.6	+0.077%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757.2	−0.118%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.020%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.1	−0.069%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0347%	4h	1,759.9	+0.035%	$559K	$353K	10x	as long as short