Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.003%

Price spread now: SunX against Injective−1.491%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 1.491% cheaper against Injective than usual: you would sell low and buy high (−$149 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	14m 41s	$36	$9K	12x
Short	SunX SNDK-USDT	1,773.1	0	get 0.0000% / 8h	3h 14m	$1K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now −1.491%Rate

Funding earned: −$7
Price spread: −1.491% → 0.000%: −$149.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$164.08
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SunX: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell SunX live order book, 3 min ago	28.07 bp	32.1 bp −$32	61.6 bp −$616	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,772.2	−1.540%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,771.8	−1.564%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,771.7	−1.570%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773.2	−1.486%	$1.4M	$11.9M	10x	as long as short
Nado SNDK-PERP	−0.0014%	1h	1,773.4	−1.474%	$338K	$1.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	−1.438%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.4	−1.532%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.8	−1.562%	$280.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.9	−1.558%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.9	−1.559%	$82.1M	$826.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,773.7	−1.458%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.5	−1.581%	$177.2M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.6	−1.577%	$44.3M	$162.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.5	−1.469%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773	−1.496%	$17K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.2	−1.487%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.3	−1.481%	$13K	$287K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,773.1	−1.491%	$1K	$3.6M	20x
HTX SNDK-USDT	0.0000%	8h	1,771.7	−1.570%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	−1.536%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,773	−1.500%	$705	$38K	5x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0015%	1h	1,772.5	−1.526%	$51K	$346K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.5	−1.528%	$1.7M	$15.9M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.7	−1.572%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.5	−1.582%	$428K	$1.9M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$9K	12x
Vest SNDK-USD-PERP	+0.0039%	1h	1,770.1	−1.657%	—	$582K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.6	−1.576%	$264K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.9	−1.448%	$244K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.4	−1.586%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.3	−1.592%	$117.3M	$152.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.1	−1.492%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,772.3	−1.539%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.1	−1.548%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.7	−1.512%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.6	−1.578%	$197K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	−1.503%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.3	−1.537%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,773.3	−1.481%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0449%	4h	1,771.1	−1.602%	$562K	$353K	10x	as long as short