Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.017%

Price spread now: Phemex against Extended+0.023%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.023%, 7d avg +0.005%

Together, before fees−0.190%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,777.6	0.0032	pay 0.0004% / 1h	20m 19s	$412K	$1.6M	10x
Short	Phemex SNDKUSDT	1,778	0	get 0.0000% / 8h	20m 19s	$2.8M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$6.72
Price spread: +0.023% → +0.005%: $1.74
Slippage, 4 orders: −$40.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$62.36
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Phemex: live order book, 3 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 Extended live order book, 3 min ago	0.82 bp	3.8 bp −$4	12.4 bp −$124	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.86 bp	14.9 bp −$15	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
BloFin SNDK-USDT	−0.0120%	8h	1,778	+0.025%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0068%	1h	1,777.3	−0.016%	$4.5M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.9	+0.016%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.4	+0.044%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778	+0.022%	$283.9M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.4	+0.044%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.1	+0.029%	$87.2M	$845.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.1	+0.028%	$183.9M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.9	+0.020%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.6	+0.002%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.8	+0.012%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.7	+0.006%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.1	+0.027%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.1	−0.030%	$885	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.3	+0.037%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,778	+0.023%	$2.8M	$1.0M	50x
Aftermath Perps SNDKUSD	+0.0014%	1h	1,778.4	+0.046%	$803	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.2	+0.091%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.1	+0.030%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,777.6	long leg	$412K	$1.6M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.258%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.4	−0.008%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.6	−0.001%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778	+0.023%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.8	+0.012%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.8	+0.012%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.9	+0.018%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.9	+0.017%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.2	+0.034%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.9	+0.018%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.080%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777.9	+0.015%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.4	−0.013%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	−0.001%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.5	−0.004%	$8K	$2K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0133%	1h	1,778.5	+0.049%	$50K	$303K	10x	as long as short
Lighter SNDK	+0.0136%	1h	1,778.9	+0.071%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0170%	1h	1,777.9	+0.018%	$360K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.8	+0.070%	$129K	$406K	20x	as long as short
edgeX SNDKUSDC	+0.0674%	4h	1,777.4	−0.012%	$565K	$354K	10x	as long as short