Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h +0.007%

Price spread now: tradeXYZ against Aster+0.012%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.055%−$5 · spread now +0.012%, 7d avg −0.051%

Together, before fees−0.065%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.063% dearer against Aster than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.051%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.011% in total) that is about 42 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,786.7	0	get 0.0000% / 8h	6h 14m	$21.8M	$36.8M	20x
Short	tradeXYZ xyz:SNDK	1,786.9	−0.0014	pay 0.0002% / 1h	14m 18s	$114.5M	$146.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$2.99
Price spread: +0.012% → −0.051%: $6.31
Slippage, 4 orders: −$7.24
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$29.93
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; tradeXYZ: 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 Aster live order book, 5 min ago	1.68 bp	7.2 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.56 bp	9.7 bp −$10	10.5 bp −$105	15.6 bp −$1,556	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	−0.0186%	1h	1,786.7	0.000%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	−0.067%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0036%	1h	1,786	−0.039%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0031%	1h	1,787.8	+0.063%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.4	−0.019%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDKshort	−0.0014%	1h	1,786.9	+0.012%	$114.5M	$146.1M	10x
Aster SNDKUSD1long	0.0000%	8h	1,786.7	long leg	$21.8M	$36.8M	20x
Binance SNDKUSDT	0.0000%	8h	1,786.8	+0.007%	$286.0M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.3	+0.034%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.1	+0.023%	$85.5M	$829.0M	75x	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	1,787	+0.016%	$181.0M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.7	−0.002%	$44.0M	$164.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.075%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	−0.134%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.9	+0.012%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786	−0.036%	$723	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	−0.012%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.6	−0.005%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786.4	−0.018%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.9	+0.066%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.4	+0.038%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.2	+0.028%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.743%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.4	−0.127%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.3	−0.024%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,786.2	−0.027%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	−0.005%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.3	−0.022%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.3	−0.023%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786	−0.039%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	−0.015%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.099%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.5	−0.013%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.7	−0.055%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	−0.076%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.1	−0.035%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.4	+0.038%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.158%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.3	+0.035%	$170K	$1.8M	20x	as long as short