Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.025%

Price spread now: Phoenix against BloFin+0.018%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.018%, 7d avg +0.009%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.151%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,789.8	−0.0120	get 0.0120% / 8h	4h 18m	$4.0M	$4.4M	75x
Short	Phoenix SNDK	1,790.1	−0.0089	pay 0.0011% / 1h	18m 50s	$279K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now +0.018%Rate

Funding earned: $6.43
Price spread: +0.018% → +0.009%: $0.87
Slippage, 4 orders: −$15.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$26.75
Costs to cover: 0.340%
Break-even: 36.1 days

Slippage from BloFin: live order book, 5 min ago; Phoenix: live order book, 37 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 BloFin live order book, 5 min ago	0.70 bp	7.1 bp −$7	7.5 bp −$75	10.3 bp −$1,027	doesn't fit
Sell Phoenix live order book, 37 min ago	2.79 bp	10.1 bp −$10	21.0 bp −$210	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-USDTlong	−0.0120%	8h	1,789.8	long leg	$4.0M	$4.4M	75x
Phoenix SNDKshort	−0.0089%	1h	1,790.1	+0.018%	$279K	$193K	15x
Nado SNDK-PERP	−0.0082%	1h	1,790.7	+0.050%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0074%	1h	1,789.8	+0.001%	$4.9M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.8	+0.002%	$1.4M	$13.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.228%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0009%	8h	1,789.2	−0.030%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	+0.048%	$21.8M	$36.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790	+0.012%	$287.3M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.4	+0.035%	$32.6M	$100.2M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.9	+0.007%	$84.2M	$826.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.1	+0.074%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	+0.006%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.7	−0.003%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	+0.025%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.009%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.9	+0.007%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.052%	$918	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.3	+0.026%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.7	−0.004%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.1	+0.015%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.3	+0.029%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	+0.069%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.044%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.010%	$486K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.569%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.9	−0.051%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.1	+0.018%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	+0.006%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	+0.007%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.9	+0.004%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.2	+0.023%	$115.3M	$146.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	−0.010%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.8	+0.003%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.3	+0.029%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.6	−0.009%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790	+0.014%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.7	+0.053%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.4	−0.024%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0709%	4h	1,789.1	−0.038%	$568K	$352K	10x	as long as short