Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.043%

Price spread now: SoDEX against Bitget−0.016%7-day average −0.009% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.016%, 7d avg −0.009%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,768.3	0	get 0.0000% / 8h	5h 26m	$50.0M	$172.0M	75x
Short	SoDEX SNDK-USD	1,768	0.0050	get 0.0006% / 1h	26m 45s	$725K	$522K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $10.5
Price spread: −0.016% → −0.009%: −$0.64
Slippage, 4 orders: −$11.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.78
Costs to cover: 0.316%
Break-even: 21.5 days

Slippage from Bitget: live order book, 5 min ago; SoDEX: live order book, 20 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 Bitget live order book, 5 min ago	0.28 bp	7.6 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit
Sell SoDEX live order book, 20 min ago	0.45 bp	7.8 bp −$8	40.8 bp −$408	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0259%	1h	1,767.3	−0.058%	$167K	$379K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.3	−0.001%	$4.0M	$4.7M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0005%	1h	1,767.4	−0.050%	$19K	$446K	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,767.8	−0.030%	$1.5M	$9.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.4	+0.010%	$21.6M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.4	+0.006%	$281.9M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.7	+0.021%	$31.5M	$107.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.5	+0.012%	$81.0M	$840.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.2	−0.006%	$182.3M	$220.1M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,768.3	long leg	$50.0M	$172.0M	75x

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.9	−0.021%	$2.7M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.1	−0.008%	$19K	$2.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.7	−0.033%	$275K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.3	+0.001%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.1	−0.066%	$779	$3.1M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.6	−0.036%	$1.4M	$9.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.4	+0.005%	$2.8M	$1.2M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0021%	1h	1,768.1	−0.009%	$676	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.2	−0.005%	$1.2M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.6	−0.041%	$413K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.792%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,767.4	−0.051%	$269K	$1.3M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,767.5	−0.044%	—	$574K	10x	as long as short
Nado SNDK-PERP	+0.0047%	1h	1,768.1	−0.011%	$325K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	+0.001%	$243K	$702K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.4	+0.007%	$121.6M	$152.7M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,767.7	−0.033%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.7	−0.033%	$187K	$131K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,768	−0.016%	$725K	$522K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.1	−0.010%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0052%	8h	1,767.7	−0.035%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.8	−0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768.4	+0.005%	$193K	$310K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,767.4	−0.053%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.3	+0.059%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.5	−0.043%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,769	+0.042%	$1.8M	$16.8M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,768.9	+0.033%	$451K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0570%	4h	1,767.5	−0.044%	$562K	$340K	10x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,769.5	+0.072%	$146K	$1.5M	20x	as long as short