Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.018%

Price spread now: Phemex against Pacifica+0.006%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.006%, 7d avg +0.018%

Together, before fees−0.157%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,789.4	0.0100	pay 0.0013% / 1h	23m 36s	$199K	$287K	10x
Short	Phemex SNDKUSDT	1,789.5	0	get 0.0000% / 8h	4h 23m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$21
Price spread: +0.006% → +0.018%: −$1.21
Slippage, 4 orders: −$38.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$80.53
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from Pacifica: live order book, 35 min ago; Phemex: live order book, 5 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 Pacifica live order book, 35 min ago	0.28 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.57 bp	27.9 bp −$28	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	1,788.7	−0.038%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	+0.027%	$279K	$193K	15x	as long as short
Entropy io:SNDK	−0.0088%	1h	1,789.1	−0.018%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0081%	1h	1,789.9	+0.025%	$313K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.1	−0.016%	$1.4M	$13.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.208%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0004%	8h	1,788.5	−0.054%	$6.1M	$22.4M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.6	+0.013%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.6	+0.012%	$287.1M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.9	+0.027%	$32.5M	$100.1M	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	1,789.4	−0.001%	$84.6M	$826.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,790.3	+0.048%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.4	−0.003%	$180.3M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.2	−0.013%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.3	−0.065%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.5	+0.003%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789	−0.024%	$15K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.2	−0.069%	$798	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.3	−0.006%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.5	−0.052%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,789.5	+0.006%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.4	−0.003%	$666	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.3	+0.050%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.024%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.4	−0.003%	$490K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.589%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.9	−0.083%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.7	+0.018%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	−0.017%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	+0.016%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.1	−0.018%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.7	+0.016%	$115.2M	$146.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	−0.012%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.1	−0.015%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.2	−0.012%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.8	−0.035%	$1K	—	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,789.4	long leg	$199K	$287K	10x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.3	−0.005%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.3	−0.062%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0555%	4h	1,788.4	−0.058%	$568K	$352K	10x	as long as short