Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.009%

Price spread now: Arcus against Gate−0.092%7-day average −0.075% · 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−$41as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.092%, 7d avg −0.075%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, 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	Gate SNDK_USDT	1,785.8	0	get 0.0000% / 8h	6h 15m	$180.8M	$232.4M	75x
Short	Arcus SNDK-USD	1,784.1	0.0040	get 0.0005% / 1h	15m 05s	$312K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.092%Rate

Funding earned: $8.46
Price spread: −0.092% → −0.075%: −$1.7
Slippage, 4 orders: −$19.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$32.21
Costs to cover: 0.390%
Break-even: 33.7 days

Slippage from Gate: live order book, 4 min ago; Arcus: live order book, 4 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 Gate live order book, 4 min ago	0.45 bp	12.4 bp −$12	20.6 bp −$206	36.3 bp −$3,627	59.8 bp −$29.9K
Sell Arcus live order book, 4 min ago	1.01 bp	12.5 bp −$13	13.7 bp −$137	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	−0.0338%	1h	1,786.1	+0.017%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	−0.015%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0037%	1h	1,785.9	+0.008%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0030%	1h	1,786.8	+0.059%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.6	−0.007%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0014%	1h	1,785.7	−0.003%	$114.4M	$146.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.045%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.3	+0.031%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.1	+0.072%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.6	+0.047%	$85.5M	$828.9M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTlong	0.0000%	8h	1,785.8	long leg	$180.8M	$232.4M	75x
Bitget SNDKUSDT	0.0000%	8h	1,786.3	+0.031%	$44.0M	$164.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.023%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	−0.082%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.8	+0.003%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.4	−0.023%	$877	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.5	−0.013%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.002%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786	+0.011%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787	+0.067%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.9	+0.063%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.9	+0.062%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.795%	$36	$9K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,784.1	−0.092%	$312K	$1.6M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.8	+0.002%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.8	+0.004%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.9	+0.008%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.6	−0.009%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	−0.004%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.6	−0.009%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	−0.015%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.047%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.1	+0.019%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.2	−0.034%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	−0.024%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.4	−0.021%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,786.6	+0.047%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.106%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787	+0.069%	$170K	$1.8M	20x	as long as short