Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Phoenix against Aster−0.078%75s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as 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−$350.347% of the position

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.078%, 7d avg +0.007%

Together, before fees−0.106%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: Phoenix is 0.085% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 75 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	1,790.1	0	get 0.0000% / 8h	7h 08m	$21.8M	$42.4M	20x
Short	Phoenix SNDK	1,788.7	0	get 0.0000% / 1h	8m 11s	$279K	$195K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.007%: −$8.53
Slippage, 4 orders: −$19.68
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$43.2
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Phoenix: live order book, 62 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, 6 min ago	1.48 bp	8.8 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell Phoenix live order book, 62 min ago	2.82 bp	10.2 bp −$10	21.2 bp −$212	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	1,788.9	−0.068%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,790.1	long leg	$21.8M	$42.4M	20x
Binance SNDKUSDT	0.0000%	8h	1,790.6	+0.030%	$287.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.8	+0.039%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791	+0.051%	$86.8M	$833.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.5	+0.024%	$182.2M	$235.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.4	+0.014%	$47.9M	$164.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.4	−0.095%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.028%	$21K	$1.1M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,788.7	−0.078%	$279K	$195K	15x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,790	−0.005%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.5	−0.090%	$953	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.5	+0.020%	$51K	$327K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	+0.006%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.8	+0.038%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.9	−0.012%	$1.9M	$18.7M	10x	as long as short
Nado SNDK-PERP	+0.0002%	1h	1,790.5	+0.024%	$347K	$1.4M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,791	+0.053%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.1	−0.001%	$684	$37K	5x	as long as short
edgeX SNDKUSDC	+0.0017%	4h	1,788	−0.115%	$568K	$353K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.9	+0.099%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.029%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	+0.032%	$450K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.551%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	−0.081%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.4	−0.037%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.5	+0.023%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.1	−0.002%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.8	+0.039%	$115.0M	$146.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.1	−0.056%	$4.8M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790	−0.005%	$188K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.6	−0.025%	$732K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.2	+0.006%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	−0.015%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.9	−0.011%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.4	−0.038%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.9	−0.068%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.032%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.128%	$442K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.1	+0.055%	$130K	$367K	20x	as long as short