Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.013%

Price spread now: Pacifica against Phemex−0.027%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−$71as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.027%, 7d avg −0.018%

Together, before fees+0.169%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,784.6	0	get 0.0000% / 8h	6h 00m	$2.8M	$1.1M	50x
Short	Pacifica SNDK	1,784.1	0.0100	get 0.0013% / 1h	0m 24s	$198K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.027%Rate

Funding earned: $21
Price spread: −0.027% → −0.018%: −$0.93
Slippage, 4 orders: −$50.05
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$49.98
Costs to cover: 0.700%
Break-even: 23.7 days

Slippage from Phemex: live order book, 3 min ago; Pacifica: 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	1.74 bp	32.3 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	0.28 bp	5.3 bp −$5	doesn't fit	doesn't fit	doesn't fit

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.7	+0.005%	$278K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,784.9	+0.014%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0029%	1h	1,784.6	−0.001%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.4	−0.066%	$1.6M	$15.6M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0006%	1h	1,782.6	−0.113%	$114.3M	$145.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.8	+0.010%	$21.7M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.3	−0.129%	$285.2M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,783	−0.089%	$32.1M	$99.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.7	−0.107%	$85.3M	$820.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,782.8	−0.104%	$180.3M	$232.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,783.1	−0.085%	$43.7M	$163.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.2	−0.021%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.5	+0.052%	$19K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,782.6	−0.112%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.7	−0.164%	$941	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,785	+0.020%	$51K	$331K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.9	+0.013%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,784.6	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.1	+0.027%	$664	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.1	+0.029%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.6	−0.003%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.1	−0.027%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.860%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.055%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,782.9	−0.098%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,783.9	−0.038%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.7	−0.051%	$245K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783	−0.090%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.6	+0.001%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	−0.017%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.1	−0.141%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784	−0.033%	$436K	$2.3M	10x	as long as short
Pacifica SNDKshort	+0.0100%	1h	1,784.1	−0.027%	$198K	$292K	10x
KuCoin SNDKUSDTM	+0.0100%	8h	1,783.7	−0.052%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.6	+0.057%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782	−0.144%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.2	+0.032%	$130K	$355K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.9	+0.017%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0444%	4h	1,785	+0.023%	$567K	$353K	10x	as long as short