Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex−0.034%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.034%, 7d avg −0.018%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,764.2	0	get 0.0000% / 8h	4h 47m	$2.8M	$1.1M	50x
Short	Gate SNDK_USDT	1,763.6	0	get 0.0000% / 8h	4h 47m	$180.7M	$210.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.018%: −$1.59
Slippage, 4 orders: −$36.61
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.2
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	1.50 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.48 bp	9.4 bp −$9	18.8 bp −$188	37.6 bp −$3,762	59.0 bp −$29.5K

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0127%	1h	1,762.8	−0.083%	$166K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.7	−0.085%	$3.9M	$4.7M	75x	as long as short
Entropy io:SNDK	−0.0001%	1h	1,763.9	−0.018%	$4.5M	$19.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.3	−0.052%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.1	−0.007%	$281.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.4	−0.046%	$31.4M	$107.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.1	−0.007%	$79.0M	$842.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.1	−0.006%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,763.6	−0.034%	$180.7M	$210.4M	75x
Bitget SNDKUSDT	0.0000%	8h	1,763.6	−0.035%	$48.5M	$172.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,765.2	+0.056%	$2.7M	$4.4M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.9	+0.093%	$22K	$2.6M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.5	−0.041%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.4	−0.049%	$993	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.9	−0.078%	$19K	$447K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.3	−0.109%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,764.2	long leg	$2.8M	$1.1M	50x
QFEX SNDK-USD	+0.0004%	1h	1,762.6	−0.090%	$1.5M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0024%	1h	1,765	+0.043%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.4	−0.047%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.1	−0.119%	$419K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.026%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.9	−0.131%	$261K	$1.4M	10x	as long as short
Phoenix SNDK	+0.0045%	1h	1,761.4	−0.160%	$274K	$178K	15x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,761.5	−0.152%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.2	−0.058%	$243K	$700K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.4	−0.103%	$193K	$165K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.4	−0.105%	$722K	$529K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.3	−0.052%	$122.5M	$151.4M	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.2	−0.171%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,762.6	−0.091%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0065%	1h	1,763.1	−0.064%	$322K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,763.2	−0.060%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.6	−0.032%	$192K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,763.8	−0.024%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,766	+0.103%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	−0.095%	$9K	$6K	20x	as long as short
Lighter SNDK	+0.0112%	1h	1,764.1	−0.007%	$1.8M	$16.5M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,761.9	−0.133%	$446K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0296%	4h	1,765.3	+0.063%	$561K	$338K	10x	as long as short