Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.061%

Price spread now: Kraken Futures against SunX+0.087%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1031.030% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.843%+$84 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.087%, 7d avg +0.043%

Together, before fees+0.777%+$78 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 Kraken Futures is 0.044% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,785.1	0	get 0.0000% / 8h	5h 50m	$859	$3.6M	20x
Short	Kraken Futures PF_SNDKUSD	1,786.6	0.0058	get 0.0007% / 1h	50m 45s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.087%Rate

Funding earned: $12.23
Price spread: +0.087% → +0.043%: $4.38
Slippage, 4 orders: −$84.98
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$86.37
Costs to cover: 1.030%
Break-even: 56.4 days

Slippage from SunX: live order book, 7 min ago; Kraken Futures: live order book, 12 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 SunX live order book, 7 min ago	28.04 bp	32.0 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 12 min ago	1.96 bp	17.5 bp −$17	41.1 bp −$411	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0142%	1h	1,785.8	+0.039%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.081%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0034%	1h	1,785.8	+0.042%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0025%	1h	1,787.5	+0.136%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.8	+0.041%	$1.6M	$15.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786	+0.055%	$21.8M	$37.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.7	+0.035%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.4	+0.074%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.7	+0.036%	$85.5M	$821.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,786.7	+0.094%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785.7	+0.035%	$180.2M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.5	+0.025%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	+0.024%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786	+0.054%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.9	+0.049%	$15K	$290K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,785.1	long leg	$859	$3.6M	20x
HTX SNDK-USDT	0.0000%	8h	1,785.4	+0.022%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.2	+0.062%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,785.9	+0.045%	$664	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786.2	+0.065%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.2	+0.122%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.5	+0.080%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.7	+0.091%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.835%	$36	$9K	12x	as long as short
tradeXYZ xyz:SNDK	+0.0038%	1h	1,785.9	+0.048%	$114.5M	$145.6M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.7	−0.020%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.7	+0.036%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786	+0.053%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.9	+0.046%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.6	+0.031%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786	+0.050%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.4	+0.076%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0058%	1h	1,786.6	+0.087%	$130K	$352K	20x
Aevo SNDK-PERP	+0.0080%	1h	1,785.7	+0.036%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786	+0.054%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.6	+0.029%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.063%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.7	+0.037%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0374%	4h	1,785.6	+0.033%	$567K	$352K	10x	as long as short