Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.040%

Price spread now: Bitget against SoDEX+0.071%7-day average +0.009% · 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−$23as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.071%, 7d avg +0.009%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.063% dearer against SoDEX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.009%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SNDK-USD	1,765.6	0.0050	pay 0.0006% / 1h	15m 47s	$724K	$523K	10x
Short	Bitget SNDKUSDT	1,766.9	−0.0014	pay 0.0014% / 8h	6h 15m	$49.9M	$168.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$13.44
Price spread: +0.071% → +0.009%: $6.28
Slippage, 4 orders: −$9.53
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$36.69
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from SoDEX: live order book, 36 min ago; Bitget: live order book, 1 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 SoDEX live order book, 36 min ago	0.03 bp	7.7 bp −$8	41.7 bp −$417	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.28 bp	6.5 bp −$6	11.7 bp −$117	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
BloFin SNDK-USDT	−0.0120%	8h	1,763.9	−0.097%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0017%	1h	1,768.2	+0.145%	$327K	$1.5M	10x	as long as short
Bitget SNDKUSDTshort	−0.0014%	8h	1,766.9	+0.071%	$49.9M	$168.3M	75x
Aster SNDKUSD1	0.0000%	8h	1,768.1	+0.138%	$21.5M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,767.6	+0.113%	$280.9M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,767.5	+0.104%	$31.6M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.7	+0.117%	$82.5M	$829.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,768.7	+0.176%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.1	+0.084%	$181.9M	$219.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.1	+0.085%	$2.7M	$4.7M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,762	−0.206%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.2	+0.148%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.5	+0.105%	$764	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,767.1	+0.082%	$37K	$388K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.9	+0.129%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,767.5	+0.107%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,767.8	+0.120%	$1.5M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,763.3	−0.133%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,767.2	+0.091%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767	+0.077%	$394K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.944%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,767.6	+0.109%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,766.8	+0.067%	—	$569K	10x	as long as short
Lighter SNDK	+0.0048%	1h	1,767.8	+0.123%	$1.8M	$16.8M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768	+0.134%	$246K	$681K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.5	+0.106%	$120.5M	$155.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.2	−0.024%	$4.5M	$19.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768	+0.134%	$187K	$130K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,765.6	long leg	$724K	$523K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.1	+0.140%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,767	+0.078%	—	—	5x	as long as short
GRVT SNDK_USDT_Perp	+0.0075%	8h	1,762.3	−0.187%	$22K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.7	+0.117%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767.1	+0.083%	$198K	$306K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,766.6	+0.052%	$6.1M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	−0.182%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767	+0.078%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,769.3	+0.210%	$444K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0420%	4h	1,761.9	−0.210%	$560K	$340K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0551%	1h	1,767.5	+0.108%	$160K	$381K	20x	as long as short