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 +0.028%

Price spread now: Binance against Phemex−0.001%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.216%+$22 on $10k

Price spread, last 2 days (all we have)−0.048%−$5 · spread now −0.001%, 7d avg −0.024%

Together, before fees+0.168%+$17 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: Binance is 0.024% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,778.1	0	get 0.0000% / 8h	20m 50s	$2.8M	$1.0M	50x
Short	Binance SNDKUSDT	1,778.1	0	get 0.0000% / 8h	20m 50s	$284.0M	$1.88B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → −0.024%: $2.38
Slippage, 4 orders: −$38.09
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.71
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 8 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	1.86 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.03 bp	5.0 bp −$5	6.5 bp −$65	10.6 bp −$1,057	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	−0.006%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0068%	1h	1,777.3	−0.047%	$4.5M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778	−0.008%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.3	+0.011%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,778.1	−0.001%	$284.0M	$1.88B	75x
Bybit SNDKUSDT	0.0000%	8h	1,778.4	+0.012%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.3	+0.009%	$87.2M	$845.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.3	+0.011%	$184.1M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,778.2	+0.001%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.6	−0.029%	$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	−0.019%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.7	−0.025%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778	−0.008%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.1	−0.060%	$885	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	−0.027%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,778.1	long leg	$2.8M	$1.0M	50x
Aftermath Perps SNDKUSD	+0.0014%	1h	1,778.4	+0.016%	$803	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.3	+0.065%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.3	+0.011%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.6	−0.030%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.227%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.4	−0.044%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.7	−0.024%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.1	−0.002%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778	−0.008%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.8	−0.019%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.7	−0.023%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.1	−0.001%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	−0.008%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.8	−0.019%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.049%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.1	−0.004%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.4	−0.042%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	−0.032%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.3	−0.046%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0136%	1h	1,779.1	+0.052%	$1.6M	$16.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0138%	1h	1,778.6	+0.027%	$50K	$302K	10x	as long as short
Nado SNDK-PERP	+0.0170%	1h	1,777.7	−0.024%	$360K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.6	+0.028%	$129K	$406K	20x	as long as short
edgeX SNDKUSDC	+0.0674%	4h	1,777.4	−0.043%	$565K	$354K	10x	as long as short