Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: Aster against tradeXYZ+0.009%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.009%, 7d avg +0.051%

Together, before fees+0.044%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.042% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNDK	1,774.3	0.0050	pay 0.0006% / 1h	37m 22s	$117.1M	$151.2M	10x
Short	Aster SNDKUSD1	1,774.5	0	get 0.0000% / 8h	3h 37m	$21.7M	$32.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$10.5
Price spread: +0.009% → +0.051%: −$4.18
Slippage, 4 orders: −$5.85
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$46.53
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Aster: live order book, 2 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 tradeXYZ live order book, 12 min ago	0.28 bp	9.3 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.30 bp	6.2 bp −$6	11.0 bp −$110	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	1,773.6	−0.042%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0092%	1h	1,774.7	+0.023%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,774.1	−0.010%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0041%	1h	1,773.2	−0.063%	$345K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773.5	−0.048%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.076%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,774.5	+0.009%	$21.7M	$32.6M	20x
Binance SNDKUSDT	0.0000%	8h	1,774.2	−0.004%	$281.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.5	+0.012%	$32.1M	$101.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.3	0.000%	$82.6M	$825.0M	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	1,774.2	−0.005%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.7	−0.034%	$178.2M	$229.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.7	+0.020%	$43.8M	$162.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.162%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773.4	−0.050%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,774	−0.017%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.2	−0.007%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772	−0.132%	$822	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.9	−0.021%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.6	−0.096%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.6	−0.039%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,777.4	+0.176%	$661	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.4	−0.052%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.1	−0.070%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.1	−0.066%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.446%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.8	+0.026%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.6	−0.154%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.2	−0.006%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.082%	—	—	5x	as long as short
tradeXYZ xyz:SNDKlong	+0.0050%	1h	1,774.3	long leg	$117.1M	$151.2M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.6	−0.039%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.9	−0.021%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.7	−0.034%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.1	−0.013%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773	−0.075%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773.7	−0.033%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.3	−0.055%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774	−0.016%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0484%	4h	1,774	−0.017%	$563K	$352K	10x	as long as short