Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0481%/8hpaid last 24h −0.047%

Price spread now: Aster against Kraken Futures−0.042%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.765%−$77 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.042%, 7d avg −0.005%

Together, before fees−0.621%+ Points / potential airdropAster: Stage 5 · farm board−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aster is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,748.5	0.0481	pay 0.0060% / 1h	23m 06s	$129K	$381K	20x
Short	Aster SNDKUSD1	1,747.8	0	get 0.0000% / 8h	4h 23m	$21.6M	$40.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$101.06
Price spread: −0.042% → −0.005%: −$3.66
Slippage, 4 orders: −$31.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$154.35
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 9 min ago; Aster: live order book, 5 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 Kraken Futures live order book, 9 min ago	2.57 bp	17.4 bp −$17	45.8 bp −$458	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.77 bp	6.4 bp −$6	9.5 bp −$95	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	1,747.9	−0.038%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−0.144%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0023%	1h	1,747.3	−0.070%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,748.1	−0.023%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,747.8	−0.042%	$21.6M	$40.1M	20x
Binance SNDKUSDT	0.0000%	8h	1,748	−0.029%	$284.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,748.2	−0.019%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,747.8	−0.042%	$88.9M	$799.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,748.2	−0.021%	$126K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,747.8	−0.040%	$189.1M	$237.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,748	−0.032%	$50.3M	$164.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.205%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,746.5	−0.117%	$11K	$826K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,747.8	−0.042%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,747.5	−0.058%	$910	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,747.5	−0.057%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,748.5	−0.001%	$2.8M	$811K	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0019%	1h	1,748	−0.028%	$48K	$188K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,748.2	−0.021%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,747.9	−0.035%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,747.2	−0.073%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	−0.111%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.942%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0036%	1h	1,748.3	−0.013%	$650	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,747.4	−0.067%	$295K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,747	−0.090%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,748.4	−0.007%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,747.1	−0.083%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,747.7	−0.047%	$109.3M	$143.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,747.9	−0.036%	$194K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,747.9	−0.034%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,746	−0.144%	$1.4M	$4.2M	5x	as long as short
Nado SNDK-PERP	+0.0052%	1h	1,746.8	−0.099%	$350K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,747.7	−0.046%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0094%	4h	1,747.2	−0.074%	$553K	$344K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,747.5	−0.059%	$193K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,747.6	−0.056%	$6.1M	$21.3M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−0.135%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,747.6	−0.056%	$8K	$1K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0481%	1h	1,748.5	long leg	$129K	$381K	20x