Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.025%

Price spread now: SoDEX against Phemex−0.008%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on Phemex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$6 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now −0.008%, 7d avg −0.025%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$2 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	1,779	0	get 0.0000% / 8h	40m 07s	$2.8M	$1.0M	50x
Short	SoDEX SNDK-USD	1,778.8	0.0050	get 0.0006% / 1h	40m 07s	$727K	$538K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $10.5
Price spread: −0.008% → −0.025%: $1.69
Slippage, 4 orders: −$40.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$48.35
Costs to cover: 0.605%
Break-even: 39.2 days

Slippage from Phemex: live order book, 4 min ago; SoDEX: live order book, 39 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	2.73 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 39 min ago	0.03 bp	7.7 bp −$8	37.8 bp −$378	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	1,778.5	−0.026%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0058%	1h	1,778.3	−0.037%	$4.6M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.7	−0.014%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.4	+0.024%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779	+0.001%	$284.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779	+0.001%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.9	−0.003%	$87.3M	$845.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779	−0.001%	$184.2M	$239.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.1	+0.010%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.7	−0.017%	$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	1,778.9	−0.004%	$12K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.6	−0.020%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.1	+0.006%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.6	−0.020%	$939	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779.2	+0.013%	$50K	$281K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.6	−0.021%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,779	long leg	$2.8M	$1.0M	50x
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.7	−0.017%	$672	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.4	+0.081%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.2	+0.013%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	−0.022%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.180%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.5	−0.026%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.7	−0.017%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.1	+0.008%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.8	−0.009%	$113.4M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.9	−0.003%	$197K	$89K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,778.8	−0.008%	$727K	$538K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	−0.012%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.015%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.7	−0.017%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	−0.020%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.9	−0.006%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.3	−0.037%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.2	+0.013%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.9	−0.062%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0160%	1h	1,779.9	+0.052%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0183%	1h	1,779	+0.001%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.7	+0.042%	$129K	$407K	20x	as long as short
edgeX SNDKUSDC	+0.0576%	4h	1,779	0.000%	$565K	$356K	10x	as long as short