Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%

Price spread now: Aster against tradeXYZ+0.074%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.074%, 7d avg +0.051%

Together, before fees−0.002%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.023% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.051%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNDK	1,758.5	0.0050	pay 0.0006% / 1h	38m 08s	$118.4M	$158.6M	10x
Short	Aster SNDKUSD1	1,759.8	0	get 0.0000% / 8h	1h 38m	$21.5M	$32.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$10.5
Price spread: +0.074% → +0.051%: $2.3
Slippage, 4 orders: −$4.88
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.08
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Aster: live order book, 6 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 tradeXYZ live order book, 12 min ago	0.28 bp	9.3 bp −$9	9.9 bp −$99	13.4 bp −$1,340	doesn't fit
Sell Aster live order book, 6 min ago	0.74 bp	7.3 bp −$7	11.1 bp −$111	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	−0.0331%	8h	1,758.2	−0.016%	$47.6M	$165.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,757.9	−0.033%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,757.7	−0.045%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,757.2	−0.072%	$1.4M	$10.4M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,759.8	+0.074%	$21.5M	$32.9M	20x
Binance SNDKUSDT	0.0000%	8h	1,758.4	−0.005%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.8	+0.015%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.6	+0.006%	$82.2M	$833.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758.5	−0.002%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,758	−0.028%	$176.9M	$230.7M	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	1,758.6	+0.008%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	+0.020%	$15K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,759.4	+0.051%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,757.2	−0.074%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,757.1	−0.079%	$857	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,757.3	−0.067%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.6	−0.051%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.1	−0.023%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,754.9	−0.204%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.3	+0.047%	$655	$38K	5x	as long as short
Nado SNDK-PERP	+0.0029%	1h	1,758	−0.027%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,758.6	+0.007%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,757.9	−0.033%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,757.3	−0.068%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.358%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.1	−0.023%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,757.5	−0.057%	$242K	$676K	20x	as long as short
tradeXYZ xyz:SNDKlong	+0.0050%	1h	1,758.5	long leg	$118.4M	$158.6M	10x
Entropy io:SNDK	+0.0050%	1h	1,758.5	0.000%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,756.8	−0.097%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,757.7	−0.047%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.5	−0.055%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.9	−0.091%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.1	−0.079%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,757.5	−0.057%	$195K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.3	+0.044%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757	−0.088%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.060%	$429K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0402%	1h	1,757.7	−0.046%	$126K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0662%	4h	1,758.9	+0.025%	$559K	$352K	10x	as long as short