Settings8H · net · $10k
Funding arb · Price arb /

SNDK

RWAall SNDK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: SoDEX against Bullet+0.030%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.075%+$7 on $10k
Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.030%, 7d avg −0.015%
Together, before fees+0.007%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.045% dearer against Bullet than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SNDK-USD1,7830get 0.0000% / 1h37m 34s$15K$291K10x
ShortSoDEX SNDK-USD1,783.60.0050get 0.0006% / 1h37m 34s$729K$515K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Bullet. 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

Funding earned
$10.5
Price spread: +0.030% → −0.015%
$4.46
Slippage, 4 orders
−$14.9
Fee Bullet: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$15.94
Costs to cover
0.309%
Break-even
17.6 days
Slippage from Bullet: live order book, 31 min ago; SoDEX: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 31 min ago1.68 bp8.3 bp −$820.8 bp −$208doesn't fitdoesn't fit
Sell SoDEX live order book, 31 min ago0.03 bp7.7 bp −$838.0 bp −$380doesn't fitdoesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SNDK-USDT−0.0120%8h1,788+0.280%$4.1M$4.5M75xas long as short
Entropy io:SNDK−0.0091%1h1,784.9+0.105%$4.9M$20.3M10xas long as short
Deribit SNDK_USDC-PERPETUAL−0.0086%1h1,783.6+0.033%$51K$328K10xas long as short
Phoenix SNDK−0.0045%1h1,786.8+0.212%$278K$193K15xas long as short
QFEX SNDK-USD−0.0024%1h1,784.4+0.075%$1.8M$17.2M10xas long as short
Nado SNDK-PERP−0.0001%1h1,785+0.113%$360K$1.4M10xas long as short
Aster SNDKUSD10.0000%8h1,785.4+0.132%$21.7M$39.9M20xas long as short
Binance SNDKUSDT0.0000%8h1,784.4+0.077%$286.2M$1.83B75xas long as short
Bybit SNDKUSDT0.0000%8h1,784.9+0.104%$32.0M$100.0M100xas long as short
OKX SNDK-USDT-SWAP0.0000%8h1,784.8+0.100%$85.7M$830.3M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SNDK_USDT0.0000%8h1,784.2+0.068%$180.4M$231.5M75xas long as short
Bitget SNDKUSDT0.0000%8h1,784.4+0.076%$44.0M$167.5M75xas long as short
Variational Omni SNDK0.0000%8h1,786.9+0.218%$2.6M$4.7Mas long as short
GRVT SNDK_USDT_Perp0.0000%8h1,783.2+0.008%$15K$1.1M10xas long as short
Bullet SNDK-USDlong0.0000%1h1,783long leg$15K$291K10x
SunX SNDK-USDT0.0000%8h1,782.2−0.046%$994$3.7M20xas long as short
HTX SNDK-USDT0.0000%8h1,782.9−0.009%$1.4M$10.4M50xas long as short
Phemex SNDKUSDT0.0000%8h1,783.7+0.037%$2.8M$1.1M50xas long as short
Aftermath Perps SNDKUSD+0.0005%1h1,786.6+0.201%$671$37K5xas long as short
tradeXYZ xyz:SNDK+0.0006%1h1,784.3+0.072%$114.2M$146.5M10xas long as short
Lighter SNDK+0.0032%1h1,785.3+0.129%$1.7M$16.2M20xas long as short
Lighter RH SNDK+0.0032%1h1,784.9+0.105%$1.4M$9.4M10xas long as short
Extended SNDK_24_5-USD+0.0032%1h1,785.3+0.125%$469K$1.7M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+0.950%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,784.1+0.060%$311K$1.6M10xas long as short
Vest SNDK-USD-PERP+0.0046%1h1,784+0.055%$584K10xas long as short
Popdex SNDKUSDT+0.0048%1h1,784.6+0.088%$246K$645K20xas long as short
edgeX SNDKUSDC+0.0049%4h1,783.4+0.023%$566K$352K10xas long as short
Paradex SNDK-USD-PERP+0.0049%8h1,784.2+0.064%5xas long as short
Polymarket Perps SNDK-USD+0.0050%1h1,784.1+0.060%$187K$135K10xas long as short
SoDEX SNDK-USDshort+0.0050%1h1,783.6+0.030%$729K$515K10x
Ondo Perps SNDK-USD.P+0.0050%1h1,784.6+0.088%$1.4M$5.1M5xas long as short
Aevo SNDK-PERP+0.0080%1h1,782.9−0.006%$1K10xas long as short
Coinbase International SNDK-PERP-INTX+0.0088%1h1,783.4+0.023%$437K$2.3M10xas long as short
Pacifica SNDK+0.0100%1h1,784.5+0.084%$198K$292K10xas long as short
KuCoin SNDKUSDTM+0.0100%8h1,785.1+0.114%$6.1M$21.5M20xas long as short
ApeX Omni SNDKUSDT+0.0100%1h1,783.2+0.011%$69K$269K50xas long as short
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,782.7−0.020%$8K$3K20xas long as short
Kraken Futures PF_SNDKUSD+0.0132%1h1,783.6+0.035%$130K$364K20xas long as short
RISEx SNDK/USDC+0.0257%1h1,785.1+0.115%$171K$1.8M20xas long as short