Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: SunX against Popdex−0.068%7-day average −0.045% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.068%, 7d avg −0.045%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.023% cheaper against Popdex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,790.3	0.0048	pay 0.0006% / 1h	7m 46s	$247K	$648K	20x
Short	SunX SNDK-USDT	1,789.1	0	get 0.0000% / 8h	4h 07m	$964	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Popdex. 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 PopdexbpFee SunXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$10.08
Price spread: −0.068% → −0.045%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.77
Costs to cover: 0.144%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 51 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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 Popdex live order book, 51 min ago	0.56 bp	3.8 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	263.37 bp	267.4 bp −$267	doesn't fit	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	1,790.6	+0.014%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790.6	+0.017%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0068%	1h	1,791	+0.041%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0042%	1h	1,790.3	0.000%	$4.9M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.4	+0.006%	$1.4M	$13.1M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,791.2	+0.051%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0019%	8h	1,790	−0.017%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791	+0.038%	$21.8M	$35.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.7	+0.023%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	+0.049%	$32.8M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.6	+0.017%	$83.9M	$827.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.5	+0.070%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.6	+0.014%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.5	+0.012%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	−0.006%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.6	+0.017%	$14K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.4	+0.006%	$13K	$289K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,789.1	−0.068%	$964	$3.6M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.8	+0.029%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	−0.009%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.5	+0.010%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.5	+0.011%	$697	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.7	+0.075%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.3	+0.054%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	+0.011%	$451K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.540%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.2	−0.064%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.9	+0.033%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.3	+0.001%	—	$581K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,790.3	long leg	$247K	$648K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.4	+0.008%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791	+0.039%	$118.7M	$149.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.1	−0.011%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.4	+0.004%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.6	+0.017%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.2	−0.008%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.7	+0.022%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,791.4	+0.059%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790	−0.016%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0687%	4h	1,790.1	−0.010%	$569K	$351K	10x	as long as short