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 +0.012%

Price spread now: Bitget against Phemex+0.020%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.020%, 7d avg −0.017%

Together, before fees+0.230%+$23 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: Bitget is 0.037% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,769.2	0	get 0.0000% / 8h	2h 11m	$2.8M	$945K	50x
Short	Bitget SNDKUSDT	1,769.6	0	get 0.0000% / 8h	2h 11m	$49.6M	$171.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.017%: $3.71
Slippage, 4 orders: −$41.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.05
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Bitget: 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, 2 min ago	0.90 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	0.23 bp	7.1 bp −$7	13.0 bp −$130	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	1,769.3	+0.006%	$4.1M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,769.2	−0.002%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,769.1	−0.007%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,769.8	+0.030%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.3	+0.058%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.4	+0.009%	$286.7M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.3	+0.006%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.2	−0.002%	$87.8M	$846.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.8	+0.088%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.5	+0.018%	$183.3M	$245.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDTshort	0.0000%	8h	1,769.6	+0.020%	$49.6M	$171.3M	75x
Variational Omni SNDK	0.0000%	8h	1,769.3	+0.003%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,770	+0.043%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769.5	+0.014%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.1	−0.005%	$724	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.7	+0.026%	$49K	$230K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.7	+0.027%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,769.2	long leg	$2.8M	$945K	50x
Aftermath Perps SNDKUSD	+0.0003%	1h	1,770.2	+0.054%	$681	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.8	+0.034%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.6	+0.020%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.3	+0.002%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.737%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.3	+0.059%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0042%	1h	1,769	−0.011%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.6	+0.021%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.4	+0.010%	$111.9M	$151.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.8	+0.032%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.1	+0.049%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769.3	+0.002%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.032%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769.2	−0.004%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,770	+0.044%	$129K	$415K	20x	as long as short
Nado SNDK-PERP	+0.0074%	1h	1,769.4	+0.009%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,769.5	+0.015%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769.7	+0.024%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,769	−0.011%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.7	+0.028%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.9	−0.019%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0283%	4h	1,769.4	+0.010%	$562K	$356K	10x	as long as short