Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h −0.002%

Price spread now: Phoenix against OKX+0.017%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.017%, 7d avg +0.021%

Together, before fees−0.185%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, 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	OKX SNDK-USDT-SWAP	1,768.3	0	get 0.0000% / 8h	2h 01m	$87.7M	$846.3M	75x
Short	Phoenix SNDK	1,768.6	−0.0045	pay 0.0006% / 1h	1m 16s	$275K	$195K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against OKX. 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 OKXbpFee PhoenixbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$9.53
Price spread: +0.017% → +0.021%: −$0.37
Slippage, 4 orders: −$19.94
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$46.83
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Phoenix: live order book, 19 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 OKX live order book, 3 min ago	0.28 bp	6.1 bp −$6	8.9 bp −$89	26.3 bp −$2,632	79.5 bp −$39.7K
Sell Phoenix live order book, 19 min ago	3.96 bp	12.7 bp −$13	27.5 bp −$275	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	1,768.5	+0.009%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.5	+0.008%	$282K	$1.7M	10x	as long as short
Phoenix SNDKshort	−0.0045%	1h	1,768.6	+0.017%	$275K	$195K	15x
QFEX SNDK-USD	−0.0008%	1h	1,768.3	+0.001%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769	+0.041%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.7	+0.023%	$286.7M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.9	+0.033%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,768.3	long leg	$87.7M	$846.3M	75x
RISEx SNDK/USDC	0.0000%	1h	1,769.8	+0.082%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.8	+0.027%	$183.4M	$245.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,768.6	+0.016%	$49.5M	$171.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769	+0.040%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.8	+0.027%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.8	+0.027%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.2	−0.005%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.3	+0.057%	$49K	$233K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.6	+0.019%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.4	+0.003%	$2.8M	$951K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,769.5	+0.066%	$681	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.3	+0.058%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.9	+0.032%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.5	+0.012%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.790%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.4	+0.063%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,767.7	−0.032%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.7	+0.023%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.9	+0.034%	$111.9M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.6	+0.017%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.6	+0.017%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,768.6	+0.016%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769	+0.040%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,768.6	+0.015%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.2	+0.049%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0076%	1h	1,768.7	+0.020%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.8	+0.030%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768.9	+0.033%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.7	+0.021%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	+0.066%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.1	−0.014%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0228%	4h	1,768.8	+0.030%	$562K	$355K	10x	as long as short