Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Aster against Phoenix−0.120%95s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.356% of the position

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.436%+$44 · spread now −0.120%, 7d avg −0.007%

Together, before fees+0.529%+ Points / potential airdropAster: Stage 5 · farm board+$53 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.112% cheaper against Phoenix than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,761.2	0	get 0.0000% / 1h	55m 48s	$274K	$193K	15x
Short	Aster SNDKUSD1	1,759.1	0	get 0.0000% / 8h	7h 55m	$21.4M	$32.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.007%: −$11.25
Slippage, 4 orders: −$20.64
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$46.89
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Phoenix: live order book, 40 min ago; Aster: 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 Phoenix live order book, 40 min ago	2.84 bp	11.0 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.27 bp	6.4 bp −$6	13.2 bp −$132	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
GRVT SNDK_USDT_Perp	−0.0598%	8h	1,760.3	−0.051%	$19K	$2.1M	10x	as long as short
Entropy io:SNDK	−0.0490%	1h	1,760.9	−0.017%	$4.7M	$19.7M	10x	as long as short
Bitget SNDKUSDT	−0.0236%	8h	1,757.5	−0.208%	$49.8M	$165.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.5	+0.016%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0096%	1h	1,759.6	−0.090%	$328K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,758.8	−0.139%	$1.4M	$9.8M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,759.1	−0.120%	$21.4M	$32.8M	20x
Binance SNDKUSDT	0.0000%	8h	1,758.2	−0.172%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.5	−0.154%	$31.9M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,757.1	−0.233%	$82.1M	$827.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,760.4	−0.047%	$120K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,757.9	−0.188%	$179.0M	$215.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.4	−0.159%	$2.5M	$4.8M	—	as long as short
Phoenix SNDKlong	0.0000%	1h	1,761.2	long leg	$274K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,758.7	−0.142%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.2	−0.116%	$825	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.8	−0.139%	$52K	$374K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.4	−0.161%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.7	−0.141%	$2.8M	$1.1M	50x	as long as short
KuCoin SNDKUSDTM	+0.0004%	8h	1,759.5	−0.095%	$6.1M	$22.6M	20x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,757.4	−0.217%	—	$574K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,760.9	−0.017%	$720	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,759.3	−0.110%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.8	−0.135%	$1.2M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.6	−0.148%	$458K	$2.1M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.201%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.3	−0.167%	$256K	$1.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,759.8	−0.080%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.9	−0.131%	$242K	$642K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.2	−0.170%	$119.6M	$158.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.1	−0.062%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.5	−0.151%	$719K	$522K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.3	+0.006%	$1.4M	$5.3M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.4	−0.160%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.4	−0.047%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.2	−0.002%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.9	−0.133%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,758.6	−0.150%	$427K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,759	−0.127%	$128K	$348K	20x	as long as short
edgeX SNDKUSDC	+0.0922%	4h	1,760.7	−0.028%	$559K	$349K	10x	as long as short