Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against Phemex−0.037%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.037%, 7d avg −0.006%

Together, before fees+0.174%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.031% cheaper against Phemex than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.006%). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,775.3	0	get 0.0000% / 8h	3h 39m	$2.8M	$1.1M	50x
Short	tradeXYZ xyz:SNDK	1,774.6	0.0050	get 0.0006% / 1h	39m 52s	$117.2M	$151.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.037%Rate

Funding earned: $10.5
Price spread: −0.037% → −0.006%: −$3.07
Slippage, 4 orders: −$35.31
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$57.88
Costs to cover: 0.653%
Break-even: 45.6 days

Slippage from Phemex: live order book, 4 min ago; tradeXYZ: live order book, 10 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	2.47 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.28 bp	9.3 bp −$9	9.9 bp −$99	13.6 bp −$1,364	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	1,777	+0.100%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0107%	1h	1,776.8	+0.087%	$4.8M	$19.8M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0071%	1h	1,775.6	+0.020%	$51K	$346K	10x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,775.6	+0.017%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0043%	1h	1,778.4	+0.177%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,776.4	+0.064%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.279%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776	+0.040%	$21.7M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.1	−0.063%	$282.6M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.7	−0.031%	$32.3M	$101.6M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774	−0.070%	$82.8M	$824.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,777.6	+0.134%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.3	−0.056%	$178.5M	$229.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.6	−0.038%	$43.6M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.108%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.290%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.391%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.5	+0.014%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.1	−0.066%	$685	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775	−0.014%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,775.3	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0006%	1h	1,780.5	+0.298%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.2	−0.002%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.7	−0.029%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.8	−0.025%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.392%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.7	+0.195%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775.4	+0.007%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,776.2	+0.054%	$245K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.5	+0.127%	—	—	5x	as long as short
tradeXYZ xyz:SNDKshort	+0.0050%	1h	1,774.6	−0.037%	$117.2M	$151.0M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,776.1	+0.048%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.3	+0.004%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,776.6	+0.076%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.4	+0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.9	+0.092%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.297%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774.6	−0.035%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,776	+0.045%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0553%	4h	1,779.1	+0.218%	$565K	$351K	10x	as long as short