Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: SunX against Arcus+0.132%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−$67as in the Price arb table

costs, in and out, $10k−$790.792% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.132%, 7d avg +0.009%

Together, before fees−0.155%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.123% dearer against Arcus than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.009%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 4 days (−0.011% in total) that is about 42 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,758.9	0.0040	pay 0.0005% / 1h	49m 01s	$254K	$1.5M	10x
Short	SunX SNDK-USDT	1,761.3	0	get 0.0000% / 8h	49m 01s	$884	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$8.46
Price spread: +0.132% → +0.009%: $12.34
Slippage, 4 orders: −$66.67
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$75.28
Costs to cover: 0.792%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 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 Arcus live order book, 5 min ago	1.25 bp	6.5 bp −$6	12.2 bp −$122	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	28.07 bp	32.1 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
Bitget SNDKUSDT	−0.0322%	8h	1,762.7	+0.215%	$48.4M	$166.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.2	+0.188%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0027%	1h	1,762.3	+0.193%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0012%	8h	1,761.3	+0.134%	$6.0M	$22.4M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.2	+0.127%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.219%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763	+0.231%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.2	+0.243%	$31.8M	$103.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.8	+0.220%	$82.5M	$834.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.4	+0.200%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.3	+0.190%	$177.4M	$228.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.6	−0.021%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.1	+0.010%	$10K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	+0.061%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.2	+0.185%	$13K	$290K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,761.3	+0.132%	$884	$3.4M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.1	+0.182%	$51K	$352K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.9	+0.110%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.5	+0.205%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,761	+0.120%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,759.3	+0.023%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.1	+0.235%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.4	+0.198%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.3	+0.192%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.333%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,758.9	long leg	$254K	$1.5M	10x
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	+0.152%	$242K	$653K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.3	+0.192%	$119.1M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	+0.095%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.4	+0.140%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.6	+0.094%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762	+0.177%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.2	+0.186%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.9	+0.171%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.2	+0.184%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.5	+0.034%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762	+0.174%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.5	+0.200%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.7	+0.214%	$127K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0629%	4h	1,758.5	−0.023%	$559K	$351K	10x	as long as short