Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%

Price spread now: SoDEX against Aster−0.041%7-day average −0.017% · 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−$30as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now −0.041%, 7d avg −0.017%

Together, before fees−0.118%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.024% cheaper against Aster than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.017%). If the spread goes back, that is −$2 on $10k: about 38 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,785.6	0	get 0.0000% / 8h	5h 46m	$21.8M	$37.5M	20x
Short	SoDEX SNDK-USD	1,784.9	0.0050	get 0.0006% / 1h	46m 41s	$730K	$515K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.5
Price spread: −0.041% → −0.017%: −$2.4
Slippage, 4 orders: −$11.44
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.34
Costs to cover: 0.274%
Break-even: 19.9 days

Slippage from Aster: live order book, 2 min ago; SoDEX: live order book, 17 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, 2 min ago	2.02 bp	6.0 bp −$6	10.1 bp −$101	doesn't fit	doesn't fit
Sell SoDEX live order book, 17 min ago	0.03 bp	7.6 bp −$8	40.2 bp −$402	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	1,784.7	−0.051%	—	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,784.8	−0.043%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0068%	1h	1,785.4	−0.010%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0048%	1h	1,785.8	+0.014%	$359K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0036%	1h	1,784.9	−0.036%	$51K	$334K	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.4	−0.067%	$1.5M	$15.0M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,785.6	long leg	$21.8M	$37.5M	20x
Binance SNDKUSDT	0.0000%	8h	1,784.6	−0.056%	$285.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	−0.027%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.5	−0.060%	$85.3M	$821.2M	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	1,785.9	+0.019%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.9	−0.040%	$180.1M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785	−0.035%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	−0.006%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.012%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.6	−0.054%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.8	−0.100%	$940	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.3	−0.070%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.9	−0.040%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786	+0.021%	$747	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0004%	1h	1,784.9	−0.038%	$114.4M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	+0.021%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.8	+0.014%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.3	−0.013%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.9	+0.016%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.806%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.3	−0.069%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.6	−0.052%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	−0.055%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.7	−0.047%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.3	−0.071%	$187K	$134K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,784.9	−0.041%	$730K	$515K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.7	−0.049%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,785.2	−0.023%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.3	−0.070%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,784.7	−0.046%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.9	−0.037%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	+0.013%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.6	−0.108%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0902%	4h	1,785.5	−0.006%	$567K	$353K	10x	as long as short