Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.152%7-day average −0.027% · 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−$62as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.152%, 7d avg −0.027%

Together, before fees−0.235%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.179% dearer against SoDEX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 4 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SNDK-USD	1,759.1	−0.0059	get 0.0007% / 1h	59m 03s	$719K	$520K	10x
Short	SunX SNDK-USDT	1,761.7	0	get 0.0000% / 8h	7h 59m	$844	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.152%Rate

Funding earned: $12.45
Price spread: +0.152% → −0.027%: $17.89
Slippage, 4 orders: −$63.59
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$49.26
Costs to cover: 0.796%
Break-even: 34.7 days

Slippage from SoDEX: live order book, 40 min ago; SunX: live order book, 9 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, 40 min ago	0.03 bp	7.8 bp −$8	40.9 bp −$409	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	28.03 bp	32.0 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
Bullet SNDK-USD	−0.0337%	1h	1,759	−0.003%	$13K	$289K	10x	as long as short
HTX SNDK-USDT	−0.0243%	8h	1,758.5	−0.033%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0235%	8h	1,759.2	+0.009%	$49.9M	$165.8M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0210%	1h	1,760.3	+0.072%	$51K	$375K	10x	as long as short
tradeXYZ xyz:SNDK	−0.0124%	1h	1,758.7	−0.020%	$119.7M	$158.0M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.7	+0.035%	$3.9M	$4.6M	75x	as long as short
SoDEX SNDK-USDlong	−0.0059%	1h	1,759.1	long leg	$719K	$520K	10x
Popdex SNDKUSDT	−0.0024%	1h	1,760.2	+0.065%	$242K	$647K	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.5	+0.138%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.2	+0.122%	$21.5M	$32.9M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SNDKUSDT	0.0000%	8h	1,760	+0.055%	$279.6M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.8	+0.101%	$31.9M	$103.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.3	+0.014%	$82.3M	$830.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	+0.174%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.7	+0.036%	$179.2M	$215.3M	75x	as long as short
KuCoin SNDKUSDTM	0.0000%	8h	1,760.4	+0.077%	$6.0M	$22.6M	20x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	+0.118%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.3	+0.129%	$19K	$2.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,763.1	+0.232%	$327K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	+0.122%	$274K	$193K	15x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,761.7	+0.152%	$844	$3.4M	20x
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.006%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,759.4	+0.022%	—	$577K	10x	as long as short
Lighter RH SNDK	+0.0016%	1h	1,760.5	+0.081%	$1.2M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,761.7	+0.147%	$673	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.5	+0.081%	$1.8M	$16.1M	20x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	+0.148%	$481K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.325%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	+0.088%	$256K	$1.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.3	+0.238%	—	—	5x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.4	+0.133%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.7	+0.150%	$185K	$128K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761	+0.110%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.9	+0.047%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.3	+0.184%	$198K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763	+0.222%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	+0.105%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.2	+0.063%	$427K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0125%	4h	1,762.3	+0.186%	$560K	$351K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,760.3	+0.072%	$126K	$343K	20x	as long as short