Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.070%

Price spread now: SunX against Kraken Futures−0.116%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.842%−$84 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.116%, 7d avg −0.046%

Together, before fees−0.712%−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,774	0.0122	pay 0.0015% / 1h	37m 51s	$129K	$352K	20x
Short	SunX SNDK-USDT	1,772	0	get 0.0000% / 8h	3h 37m	$822	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$25.61
Price spread: −0.116% → −0.046%: −$7.04
Slippage, 4 orders: −$75.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$125.97
Costs to cover: 0.933%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 15 min ago; SunX: live order book, 10 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, 15 min ago	2.52 bp	17.0 bp −$17	47.3 bp −$473	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	28.08 bp	32.1 bp −$32	61.6 bp −$616	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	1,773.6	−0.026%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0101%	1h	1,775.5	+0.084%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,773.5	−0.028%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,774.5	+0.027%	$345K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773	−0.059%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.092%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	−0.012%	$21.6M	$32.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.2	−0.048%	$282.5M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.3	−0.039%	$32.1M	$101.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.2	−0.046%	$82.6M	$824.3M	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	1,774.2	+0.009%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.9	−0.064%	$178.2M	$229.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.2	−0.046%	$43.7M	$162.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.178%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.2	+0.177%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.2	+0.236%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.1	+0.004%	$13K	$287K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,772	−0.116%	$822	$3.6M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.9	−0.005%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.6	−0.080%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.6	−0.023%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,778.4	+0.245%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.5	+0.024%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.1	+0.007%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773	−0.060%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.462%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	+0.100%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.7	−0.133%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.6	−0.024%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.069%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.2	−0.046%	$117.0M	$151.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.2	−0.046%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.9	−0.005%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774	−0.001%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.6	−0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	−0.052%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.367%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.5	−0.031%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0122%	1h	1,774	long leg	$129K	$352K	20x
edgeX SNDKUSDC	+0.0813%	4h	1,778.6	+0.257%	$565K	$351K	10x	as long as short