Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Aster against Phemex+0.023%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now +0.023%, 7d avg −0.010%

Together, before fees+0.162%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.033% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,774.3	0	get 0.0000% / 8h	1h 20m	$2.8M	$979K	50x
Short	Aster SNDKUSD1	1,774.7	0	get 0.0000% / 8h	1h 20m	$21.9M	$46.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.010%: $3.33
Slippage, 4 orders: −$44.59
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.26
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Aster: 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 Phemex live order book, 3 min ago	1.55 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.00 bp	7.0 bp −$7	12.0 bp −$120	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	1,774	−0.020%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0035%	1h	1,774	−0.017%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774	−0.016%	$2.2M	$21.9M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0004%	1h	1,774.4	+0.007%	$49K	$259K	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,774.7	+0.023%	$21.9M	$46.2M	20x
Binance SNDKUSDT	0.0000%	8h	1,774.7	+0.021%	$285.3M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.6	+0.017%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.4	+0.005%	$87.5M	$842.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.4	+0.002%	$183.2M	$241.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.4	+0.006%	$49.6M	$169.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,774.8	+0.026%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,774.7	+0.022%	$21K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,774.3	−0.001%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.3	+0.001%	$13K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.2	−0.009%	$566	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,774.1	−0.012%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,774.3	long leg	$2.8M	$979K	50x
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774.2	−0.008%	$786	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.5	+0.068%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.2	+0.048%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.8	+0.028%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.6	+0.018%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.446%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.8	−0.031%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.9	−0.021%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.3	−0.001%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.7	+0.022%	$113.1M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.1	−0.012%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.2	−0.004%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.4	+0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.3	−0.057%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.3	0.000%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774	−0.020%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0091%	1h	1,775	+0.041%	$385K	$1.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.4	+0.007%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.7	−0.033%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,774.4	+0.005%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.8	−0.028%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0385%	1h	1,774.9	+0.035%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0941%	4h	1,774.6	+0.014%	$564K	$354K	10x	as long as short