Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.009%

Price spread now: Arcus against SunX−0.060%7-day average −0.009% · you buy dearer than you sell

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

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.060%, 7d avg −0.009%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.051% cheaper against SunX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.009%). If the spread goes back, that is −$5 on $10k: about 4.2 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.010% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,759.9	0	get 0.0000% / 8h	1h 25m	$857	$3.5M	20x
Short	Arcus SNDK-USD	1,758.9	0.0040	get 0.0005% / 1h	25m 46s	$253K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.060%Rate

Funding earned: $8.46
Price spread: −0.060% → −0.009%: −$5.08
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$9.12
Costs to cover: 0.125%
Break-even: 14.5 days

Slippage unknown: SunX: live order book, 2 min ago; Arcus: live order book, 3 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 SunX live order book, 2 min ago	305.45 bp	309.4 bp −$309	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	0.28 bp	12.7 bp −$13	14.0 bp −$140	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
Bitget SNDKUSDT	−0.0369%	8h	1,762.1	+0.125%	$47.9M	$166.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.2	+0.016%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,760.8	+0.052%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,761.1	+0.065%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.7	+0.099%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.8	+0.105%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.2	+0.126%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762	+0.118%	$82.5M	$836.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	+0.122%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.9	+0.113%	$177.5M	$231.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.5	+0.092%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.8	−0.008%	$10K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.9	−0.059%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.7	+0.101%	$14K	$289K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,759.9	long leg	$857	$3.5M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.7	+0.101%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761	+0.063%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.6	+0.152%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,759.9	−0.003%	$723	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,758.9	−0.056%	—	$581K	10x	as long as short
Nado SNDK-PERP	+0.0017%	1h	1,761.4	+0.085%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763	+0.174%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.2	+0.128%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.8	+0.104%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.275%	$36	$9K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,758.9	−0.060%	$253K	$1.4M	10x
Popdex SNDKUSDT	+0.0048%	1h	1,761.7	+0.101%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	+0.106%	$118.5M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	+0.038%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.6	+0.038%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.8	+0.051%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.8	+0.104%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.6	+0.095%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.4	+0.085%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	+0.106%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.9	+0.054%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.5	+0.088%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	+0.059%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,762	+0.115%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0796%	4h	1,760.1	+0.012%	$559K	$351K	10x	as long as short