Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0629%/8h= +68.8% APRpaid last 24h +0.020%

Price spread now: SoDEX against Aster−0.020%7-day average −0.016% · 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−$30as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.020%, 7d avg −0.016%

Together, before fees+0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.051% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,787.4	0	get 0.0000% / 8h	7h 47m	$21.8M	$45.9M	20x
Short	SoDEX SNDK-USD	1,787.1	0.0629	get 0.0079% / 1h	47m 55s	$730K	$521K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $132.03
Price spread: −0.020% → −0.016%: −$0.46
Slippage, 4 orders: −$13.45
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $102.12
Costs to cover: 0.295%
Break-even: 1.6 days

Slippage from Aster: live order book, 6 min ago; SoDEX: live order book, 26 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	1.09 bp	8.6 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell SoDEX live order book, 26 min ago	0.03 bp	7.8 bp −$8	40.6 bp −$406	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
BloFin SNDK-USDT	−0.0120%	8h	1,786.4	−0.056%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,787.4	long leg	$21.8M	$45.9M	20x
Binance SNDKUSDT	0.0000%	8h	1,788.4	+0.053%	$286.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.4	+0.110%	$32.3M	$100.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	+0.089%	$86.7M	$838.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.2	+0.044%	$182.9M	$232.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.7	+0.074%	$48.5M	$168.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.185%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,782.4	−0.283%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.8	−0.258%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,786.8	−0.032%	$758	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.1	+0.093%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.7	+0.015%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.2	+0.046%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,787.7	+0.016%	$2.2M	$20.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,787.7	+0.017%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,783.1	−0.239%	$821	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.3	+0.107%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.9	+0.081%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.5	+0.117%	$421K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.702%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.215%	$299K	$1.6M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,788.4	+0.054%	$355K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.9	+0.025%	—	$674K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787.5	+0.005%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,783.8	−0.202%	$4.7M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.1	+0.039%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.3	+0.048%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.2	−0.068%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.1	+0.038%	$1K	—	10x	as long as short
Bullet SNDK-USD	+0.0089%	1h	1,788.3	+0.047%	$14K	$291K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,787.4	−0.001%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.4	−0.001%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.5	−0.218%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.7	−0.041%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.7	−0.153%	$442K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0138%	1h	1,788.9	+0.083%	$115.0M	$150.1M	10x	as long as short
SoDEX SNDK-USDshort	+0.0629%	1h	1,787.1	−0.020%	$730K	$521K	10x
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,788.8	+0.079%	$130K	$389K	20x	as long as short
edgeX SNDKUSDC	+0.0902%	4h	1,781.7	−0.318%	$566K	$354K	10x	as long as short