Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.035%

Price spread now: Aster against Pacifica+0.037%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.037%, 7d avg +0.008%

Together, before fees−0.029%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.029% dearer against Pacifica than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.008%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,770.2	0.0100	pay 0.0013% / 1h	59m 17s	$213K	$292K	10x
Short	Aster SNDKUSD1	1,770.9	0	get 0.0000% / 8h	1h 59m	$21.8M	$39.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21
Price spread: +0.037% → +0.008%: $2.89
Slippage, 4 orders: −$8.52
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.63
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Pacifica: live order book, 24 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 Pacifica live order book, 24 min ago	0.85 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.95 bp	6.4 bp −$6	11.7 bp −$117	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	1,771.5	+0.075%	$4.2M	$4.6M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.6	−0.090%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,770.7	+0.027%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,770.9	+0.037%	$21.8M	$39.8M	20x
Binance SNDKUSDT	0.0000%	8h	1,771.6	+0.077%	$287.1M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.7	+0.086%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.7	+0.085%	$87.8M	$848.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771	+0.046%	$183.6M	$241.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.4	+0.068%	$49.6M	$171.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,768.5	−0.095%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.4	−0.104%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.9	+0.040%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771	+0.047%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,772.4	+0.125%	$49K	$233K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.5	+0.072%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771.5	+0.076%	$2.8M	$953K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,770	−0.013%	$681	$38K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,770.8	+0.036%	$162K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.4	+0.122%	$1.5M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.1	+0.105%	$1.4M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.8	+0.036%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.681%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,769.6	−0.033%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,769.4	−0.043%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.2	+0.056%	$244K	$679K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.4	−0.045%	$4.6M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.1	+0.051%	$196K	$185K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.3	+0.006%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.1	−0.006%	—	—	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,770.2	−0.002%	$434K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.5	+0.075%	$1K	—	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,770.2	long leg	$213K	$292K	10x
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.1	−0.007%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.4	−0.046%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.6	+0.024%	$8K	$2K	20x	as long as short
SoDEX SNDK-USD	+0.0146%	1h	1,770.3	+0.003%	$724K	$550K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0170%	1h	1,770.8	+0.034%	$112.2M	$152.0M	10x	as long as short
Nado SNDK-PERP	+0.0209%	1h	1,769.9	−0.019%	$308K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0272%	4h	1,768.6	−0.089%	$562K	$356K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0387%	1h	1,767.6	−0.146%	$129K	$416K	20x	as long as short