Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0660%/8h= −72.2% APRpaid last 24h −0.062%

Price spread now: Aster against Kraken Futures−0.019%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.735%−$74 on $10k

Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.019%, 7d avg −0.002%

Together, before fees−0.636%+ Points / potential airdropAster: Stage 5 · farm board−$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,790.4	0.0660	pay 0.0082% / 1h	23m 14s	$130K	$379K	20x
Short	Aster SNDKUSD1	1,790.1	0	get 0.0000% / 8h	7h 23m	$21.8M	$43.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$138.51
Price spread: −0.019% → −0.002%: −$1.71
Slippage, 4 orders: −$34.43
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$192.65
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 49 min ago; Aster: 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 Kraken Futures live order book, 49 min ago	2.25 bp	25.0 bp −$25	49.9 bp −$499	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	1.90 bp	7.0 bp −$7	12.4 bp −$124	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	1,790.7	+0.012%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0040%	1h	1,790.1	−0.022%	$50K	$314K	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,790.1	−0.019%	$21.8M	$43.5M	20x
Binance SNDKUSDT	0.0000%	8h	1,790	−0.025%	$286.2M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.5	+0.005%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.1	−0.019%	$86.8M	$834.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	−0.032%	$182.3M	$235.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.2	−0.016%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.107%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.5	+0.058%	$22K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,792.2	+0.098%	$279K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.2	−0.013%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.133%	$862	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.3	−0.006%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.6	+0.008%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	−0.049%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.9	+0.027%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.4	−0.002%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790	−0.023%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.8	+0.074%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.2	+0.043%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	+0.014%	$444K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.532%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.7	−0.044%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.8	−0.038%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.1	−0.019%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.7	−0.044%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.4	−0.002%	$115.0M	$147.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.4	−0.058%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	−0.047%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.8	−0.092%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	−0.037%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	−0.046%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.2	−0.070%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.190%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.053%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0103%	4h	1,791.4	+0.055%	$569K	$353K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	−0.024%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0196%	1h	1,790.2	−0.016%	$732K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0660%	1h	1,790.4	long leg	$130K	$379K	20x