Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: OKX against Phemex−0.019%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

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

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.019%, 7d avg −0.019%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,763.3	0	get 0.0000% / 8h	1h 25m	$2.8M	$1.1M	50x
Short	OKX SNDK-USDT-SWAP	1,763	0	get 0.0000% / 8h	1h 25m	$82.5M	$836.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.019%: $0.08
Slippage, 4 orders: −$42.56
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.49
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; OKX: 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	2.27 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.28 bp	5.3 bp −$5	6.1 bp −$61	12.3 bp −$1,234	63.3 bp −$31.7K

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
Bitget SNDKUSDT	−0.0366%	8h	1,763.1	−0.015%	$47.9M	$166.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.7	−0.035%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,761.5	−0.102%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,761.7	−0.091%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.1	−0.071%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.3	−0.057%	$280.1M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.7	−0.035%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,763	−0.019%	$82.5M	$836.7M	75x
RISEx SNDK/USDC	0.0000%	1h	1,762.1	−0.071%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.5	−0.046%	$176.9M	$231.1M	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	1,761.5	−0.101%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.177%	$10K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	−0.132%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.7	−0.036%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.8	−0.088%	$789	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.7	−0.036%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.9	−0.082%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,763.3	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0013%	1h	1,760.5	−0.158%	$723	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.1	−0.185%	—	$581K	10x	as long as short
Nado SNDK-PERP	+0.0017%	1h	1,762.5	−0.045%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.2	−0.010%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.4	−0.053%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.3	−0.058%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.077%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.4	−0.223%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.2	−0.064%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.3	−0.058%	$118.6M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	−0.155%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.4	−0.109%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.6	−0.097%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.8	−0.089%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.6	−0.098%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.3	−0.057%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	−0.087%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.4	−0.166%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.1	−0.070%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.134%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.1	−0.015%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0891%	4h	1,760.1	−0.185%	$559K	$351K	10x	as long as short