Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Phemex against Aster+0.099%52s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.761% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.099%, 7d avg +0.007%

Together, before fees−0.261%+ Points / potential airdropAster: Stage 5 · farm board−$26 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: Phemex is 0.092% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,760.5	0	get 0.0000% / 8h	2h 34m	$21.6M	$33.5M	20x
Short	Phemex SNDKUSDT	1,762.2	0	get 0.0000% / 8h	2h 34m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → +0.007%: $9.19
Slippage, 4 orders: −$56.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$66.93
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Phemex: 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 Aster live order book, 5 min ago	1.93 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.73 bp	29.6 bp −$30	doesn't fit	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
Bitget SNDKUSDT	−0.0163%	8h	1,759.6	−0.051%	$44.4M	$161.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.8	+0.075%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,759.7	−0.043%	$6.0M	$22.0M	20x	as long as short
Entropy io:SNDK	−0.0024%	1h	1,760.9	+0.025%	$4.7M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0006%	1h	1,760.1	−0.019%	$335K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.9	−0.087%	$1.4M	$10.8M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,760.5	long leg	$21.6M	$33.5M	20x
Binance SNDKUSDT	0.0000%	8h	1,759.5	−0.055%	$279.5M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.7	−0.043%	$31.6M	$102.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.6	−0.048%	$81.7M	$826.1M	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	1,760.4	−0.001%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.3	−0.068%	$175.8M	$230.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.8	+0.078%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.1	+0.150%	$14K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762	+0.088%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.3	−0.065%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.3	+0.162%	$980	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.2	−0.069%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.5	+0.116%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,762.2	+0.099%	$2.8M	$1.1M	50x
Vest SNDK-USD-PERP	+0.0011%	1h	1,757.8	−0.151%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.8	+0.134%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,759.2	−0.073%	$196K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.5	−0.054%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.3	−0.068%	$423K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.244%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761	+0.031%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760	−0.026%	$243K	$656K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.4	−0.062%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.5	−0.054%	$117.5M	$155.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.2	−0.071%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.9	+0.138%	$721K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.8	−0.037%	$1.4M	$5.1M	5x	as long as short
edgeX SNDKUSDC	+0.0066%	4h	1,763	+0.145%	$560K	$352K	10x	as long as short
Lighter SNDK	+0.0072%	1h	1,759.8	−0.040%	$1.7M	$16.0M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,765	+0.260%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759	−0.082%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.8	+0.245%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.3	−0.125%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,763.4	+0.168%	$127K	$354K	20x	as long as short