Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: QFEX against SunX+0.005%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$770.775% of the position

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.005%, 7d avg +0.031%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.026% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,758.3	0	get 0.0000% / 8h	2h 25m	$920	$3.5M	20x
Short	QFEX SNDK-USD	1,758.4	−0.0004	pay 0.0000% / 1h	25m 02s	$1.4M	$10.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$0.74
Price spread: +0.005% → +0.031%: −$2.6
Slippage, 4 orders: −$59.48
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$80.82
Costs to cover: 0.775%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; QFEX: 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 SunX live order book, 3 min ago	28.06 bp	32.1 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	0.28 bp	5.3 bp −$5	5.3 bp −$53	10.1 bp −$1,015	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
Bitget SNDKUSDT	−0.0309%	8h	1,758.2	−0.009%	$45.6M	$163.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	−0.019%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,757.7	−0.038%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0004%	1h	1,756.7	−0.092%	$4.7M	$19.9M	10x	as long as short
QFEX SNDK-USDshort	−0.0004%	1h	1,758.4	+0.005%	$1.4M	$10.6M	10x
Aster SNDKUSD1	0.0000%	8h	1,758.2	−0.006%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,757.8	−0.028%	$279.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.3	−0.003%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.3	−0.001%	$81.8M	$827.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758	−0.016%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,757.7	−0.035%	$175.1M	$230.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,756.4	−0.108%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	−0.006%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	−0.149%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	−0.018%	$14K	$288K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,758.3	long leg	$920	$3.5M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.1	−0.012%	$50K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.2	−0.064%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758	−0.021%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,758.5	+0.008%	$327K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,754.8	−0.198%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.8	+0.025%	$654	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,756.8	−0.084%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.5	+0.008%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.2	−0.009%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.368%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.2	−0.118%	$260K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	+0.039%	$242K	$657K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,757.8	−0.030%	$117.3M	$156.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	+0.005%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,756.7	−0.095%	$718K	$514K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.2	−0.066%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.8	−0.086%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,759	+0.036%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.034%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758	−0.018%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.156%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757.5	−0.046%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,758.8	+0.026%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.189%	$557K	$351K	10x	as long as short