Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.019%

Price spread now: Popdex against Aster−0.029%7-day average +0.003% · 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−$26as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.029%, 7d avg +0.003%

Together, before fees+0.157%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.032% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 2.2 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	Aster SNDKUSD1	1,789.3	0	get 0.0000% / 8h	4h 35m	$21.8M	$37.1M	20x
Short	Popdex SNDKUSDT	1,788.8	0.0048	get 0.0006% / 1h	35m 25s	$246K	$647K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Aster. 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 AsterbpFee PopdexbpOrdersPrice spread, now −0.029%Rate

Funding earned: $10.08
Price spread: −0.029% → +0.003%: −$3.22
Slippage, 4 orders: −$8.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$16.39
Costs to cover: 0.233%
Break-even: 18.4 days

Slippage from Aster: live order book, 4 min ago; Popdex: live order book, 24 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 Aster live order book, 4 min ago	1.15 bp	8.3 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell Popdex live order book, 24 min ago	0.56 bp	3.8 bp −$4	9.2 bp −$92	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	1,788.6	−0.038%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0104%	1h	1,789	−0.018%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0099%	1h	1,790.1	+0.043%	$311K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.3	−0.001%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.9	−0.023%	$1.4M	$13.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.202%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,789.3	long leg	$21.8M	$37.1M	20x
Binance SNDKUSDT	0.0000%	8h	1,789.2	−0.005%	$287.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.018%	$32.6M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	−0.018%	$84.7M	$826.4M	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	1,790.3	+0.057%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.3	−0.001%	$180.1M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.8	−0.029%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.8	−0.031%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.1	−0.012%	$11K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.1	−0.011%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.3	−0.055%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.4	+0.007%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.5	−0.047%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.2	−0.005%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.2	+0.047%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0012%	8h	1,788.3	−0.060%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.1	+0.042%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.6	+0.016%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.6	+0.014%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.595%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.3	−0.059%	$276K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.5	+0.009%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789	−0.020%	—	$581K	10x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,788.8	−0.029%	$246K	$647K	20x
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.1	−0.013%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.4	+0.005%	$115.1M	$146.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.6	−0.040%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.1	−0.012%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.9	−0.023%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.035%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.4	+0.003%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.2	−0.009%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.4	−0.052%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0918%	4h	1,788.8	−0.030%	$568K	$352K	10x	as long as short