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 +0.067%

Price spread now: Kraken Futures against Aster−0.011%54s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.500% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.736%+$74 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now −0.011%, 7d avg +0.001%

Together, before fees+0.644%+ Points / potential airdropAster: Stage 5 · farm board+$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,786.6	0	get 0.0000% / 8h	5h 52m	$21.8M	$37.2M	20x
Short	Kraken Futures PF_SNDKUSD	1,786.4	0.0058	get 0.0007% / 1h	52m 21s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.011%Rate

Funding earned: $12.23
Price spread: −0.011% → +0.001%: −$1.2
Slippage, 4 orders: −$32.05
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.01
Costs to cover: 0.500%
Break-even: 29.3 days

Slippage from Aster: live order book, 2 min ago; Kraken Futures: live order book, 10 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 Aster live order book, 2 min ago	1.37 bp	5.6 bp −$6	13.4 bp −$134	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 10 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	−0.0175%	1h	1,785.5	−0.057%	$51K	$332K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,784.5	−0.115%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.1	−0.028%	$1.6M	$15.2M	10x	as long as short
Nado SNDK-PERP	−0.0021%	1h	1,787.4	+0.049%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0007%	1h	1,785.9	−0.037%	$4.9M	$20.3M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,786.6	long leg	$21.8M	$37.2M	20x
Binance SNDKUSDT	0.0000%	8h	1,786.1	−0.024%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.6	+0.002%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.6	+0.003%	$85.4M	$822.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.4	+0.048%	$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	1,786.4	−0.007%	$180.2M	$230.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.3	−0.016%	$43.8M	$163.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.7	−0.103%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.3	−0.069%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.2	−0.020%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.9	−0.093%	$859	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.2	−0.076%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.049%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.8	−0.043%	$664	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786.2	−0.019%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.4	+0.049%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.1	+0.029%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.5	−0.001%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.750%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.5	−0.117%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.039%	—	$581K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0047%	1h	1,786.2	−0.020%	$114.5M	$145.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.4	−0.009%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.5	−0.002%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786	−0.031%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.5	−0.062%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.4	−0.009%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0058%	1h	1,786.4	−0.011%	$130K	$352K	20x
Aevo SNDK-PERP	+0.0080%	1h	1,785.3	−0.069%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.5	−0.004%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,786	−0.034%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	−0.040%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.5	−0.061%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0735%	4h	1,785.1	−0.083%	$567K	$352K	10x	as long as short