Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h +0.001%

Price spread now: QFEX against Aster−0.032%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.032%, 7d avg −0.042%

Together, before fees−0.017%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,786.3	0	get 0.0000% / 8h	5h 27m	$21.8M	$37.6M	20x
Short	QFEX SNDK-USD	1,785.7	−0.0023	pay 0.0003% / 1h	27m 57s	$1.5M	$14.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$4.92
Price spread: −0.032% → −0.042%: $0.97
Slippage, 4 orders: −$6.12
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.07
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; QFEX: 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 Aster live order book, 6 min ago	1.59 bp	5.6 bp −$6	10.3 bp −$103	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	0.45 bp	5.7 bp −$6	5.8 bp −$58	11.7 bp −$1,167	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
BloFin SNDK-USDT	−0.0120%	8h	1,786.3	−0.001%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,787.1	+0.046%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0052%	1h	1,786.4	+0.007%	$4.9M	$20.2M	10x	as long as short
Nado SNDK-PERP	−0.0036%	1h	1,786.8	+0.029%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USDshort	−0.0023%	1h	1,785.7	−0.032%	$1.5M	$14.7M	10x
Aster SNDKUSD1long	0.0000%	8h	1,786.3	long leg	$21.8M	$37.6M	20x
Binance SNDKUSDT	0.0000%	8h	1,786	−0.017%	$285.3M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.4	+0.008%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786	−0.015%	$85.0M	$822.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787	+0.041%	$170K	$1.8M	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	1,785.9	−0.022%	$180.1M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.1	−0.010%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.9	+0.090%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788	+0.096%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	−0.016%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.9	−0.076%	$719	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.3	−0.001%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.5	−0.046%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.030%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.4	+0.062%	$665	$38K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.032%	$439K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0025%	1h	1,785.8	−0.027%	$114.4M	$145.7M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787	+0.041%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.5	+0.014%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.5	+0.013%	$463K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.766%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.8	−0.028%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.1	−0.012%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	−0.010%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,785.7	−0.035%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.8	−0.027%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.8	−0.028%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.5	+0.013%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.3	+0.002%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	−0.043%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0082%	8h	1,786.2	−0.002%	$6.1M	$21.7M	20x	as long as short
Pacifica SNDK	+0.0094%	1h	1,785.7	−0.034%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.4	+0.116%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.3	−0.056%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0871%	4h	1,787.7	+0.082%	$568K	$353K	10x	as long as short