Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.008%

Price spread now: Aftermath Perps against Phemex+0.029%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aftermath Perps is 0.029% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,777.8	0	get 0.0000% / 8h	23m 56s	$2.8M	$1.0M	50x
Short	Aftermath Perps SNDKUSD	1,778.3	0.0013	get 0.0002% / 1h	23m 56s	$771	$37K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: $2.71
Price spread: +0.029% → 0.000%: $2.86
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$15.43
Costs to cover: 0.210%
Break-even: 46.8 days

Slippage unknown: Phemex: live order book, 5 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 Phemex live order book, 5 min ago	0.51 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,778.2	+0.022%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,777.5	−0.015%	$4.6M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.6	−0.008%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,777.9	+0.009%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.6	−0.008%	$283.9M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,777.8	+0.002%	$31.6M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.1	+0.019%	$87.2M	$845.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.7	−0.002%	$183.7M	$239.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.5	−0.013%	$48.9M	$171.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.4	+0.035%	$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	1,778.5	+0.041%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	+0.002%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.6	−0.010%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,776.7	−0.063%	$755	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	−0.006%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,777.8	long leg	$2.8M	$1.0M	50x
Aftermath Perps SNDKUSDshort	+0.0013%	1h	1,778.3	+0.029%	$771	$37K	5x
RISEx SNDK/USDC	+0.0018%	1h	1,778.8	+0.060%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.6	−0.011%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.3	−0.024%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.248%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.1	−0.037%	$286K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.4	−0.024%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,777.8	+0.002%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.3	−0.026%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.6	−0.010%	$205K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.5	−0.013%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.6	−0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	+0.013%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.3	−0.026%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	+0.044%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777.8	+0.001%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.6	−0.012%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.9	+0.061%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777	−0.041%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,778.2	+0.026%	$1.6M	$16.3M	20x	as long as short
Nado SNDK-PERP	+0.0166%	1h	1,777.6	−0.009%	$358K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0200%	1h	1,777.9	+0.005%	$50K	$300K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,778.2	+0.025%	$129K	$406K	20x	as long as short
edgeX SNDKUSDC	+0.0778%	4h	1,778.5	+0.040%	$565K	$353K	10x	as long as short