Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h +0.004%

Price spread now: SunX against QFEX+0.001%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.001%, 7d avg −0.031%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.033% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,765.9	−0.0019	get 0.0002% / 1h	4m 46s	$1.4M	$11.9M	10x
Short	SunX SNDK-USDT	1,765.9	0	get 0.0000% / 8h	3h 04m	$720	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against QFEX. 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 QFEXbpFee SunXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $3.91
Price spread: +0.001% → −0.031%: $3.26
Slippage, 4 orders: −$58
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$68.83
Costs to cover: 0.760%
Break-even: 130.1 days

Slippage from QFEX: live order book, 4 min ago; SunX: live order book, 3 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 QFEX live order book, 4 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	10.4 bp −$1,042	doesn't fit
Sell SunX live order book, 3 min ago	28.07 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	1,766.5	+0.033%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,766.9	+0.054%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0029%	1h	1,766.4	+0.028%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USDlong	−0.0019%	1h	1,765.9	long leg	$1.4M	$11.9M	10x
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,766.8	+0.052%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0004%	1h	1,766.7	+0.048%	$340K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,767.5	+0.091%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,766.9	+0.058%	$280.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,767.6	+0.095%	$31.7M	$102.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.5	+0.091%	$81.9M	$828.0M	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	1,767.2	+0.073%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,766.5	+0.032%	$177.2M	$231.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,766.6	+0.041%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.107%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.5	−0.025%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.6	+0.096%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,766.9	+0.056%	$14K	$287K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,765.9	+0.001%	$720	$3.6M	20x
HTX SNDK-USDT	0.0000%	8h	1,766.4	+0.029%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766.5	+0.033%	$2.8M	$1.1M	50x	as long as short
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.094%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,767.2	+0.074%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0023%	1h	1,763	−0.167%	—	$582K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,767.5	+0.088%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,766.8	+0.049%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,766.4	+0.031%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.929%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.8	−0.003%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,766.8	+0.051%	$243K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,766.7	+0.044%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,766.6	+0.040%	$117.1M	$153.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,766.2	+0.017%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.2	+0.016%	$722K	$514K	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0050%	1h	1,766.6	+0.041%	$51K	$346K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.6	+0.040%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,766.3	+0.020%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767	+0.061%	$197K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,765.9	+0.001%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,765.4	−0.027%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,766.9	+0.054%	$128K	$355K	20x	as long as short