Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%

Price spread now: Bitget against Phoenix−0.019%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.019%, 7d avg −0.014%

Together, before fees+0.328%+$33 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,773.7	0	get 0.0000% / 1h	31m 11s	$276K	$195K	15x
Short	Bitget SNDKUSDT	1,773.4	0	get 0.0000% / 8h	1h 31m	$49.6M	$169.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.014%: −$0.43
Slippage, 4 orders: −$21.9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.34
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from Phoenix: live order book, 49 min ago; Bitget: 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, 49 min ago	3.96 bp	12.7 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.09 bp	8.0 bp −$8	13.4 bp −$134	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	1,773.4	−0.019%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.2	−0.029%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.6	−0.008%	$21.9M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.2	−0.026%	$286.1M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.7	+0.001%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.3	−0.023%	$87.7M	$842.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.4	−0.019%	$183.3M	$241.5M	75x	as long as short
Bitget SNDKUSDTshort	0.0000%	8h	1,773.4	−0.019%	$49.6M	$169.9M	75x
Variational Omni SNDK	0.0000%	8h	1,771.7	−0.116%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.3	−0.077%	$21K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDKlong	0.0000%	1h	1,773.7	long leg	$276K	$195K	15x
Bullet SNDK-USD	0.0000%	1h	1,773.3	−0.023%	$13K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.2	−0.030%	$952	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.5	−0.014%	$49K	$253K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.1	−0.035%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.4	−0.018%	$2.8M	$972K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.1	−0.035%	$682	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774	+0.017%	$167K	$1.8M	20x	as long as short
Entropy io:SNDK	+0.0023%	1h	1,772.6	−0.062%	$4.5M	$20.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.2	+0.027%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.8	+0.005%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.4	−0.017%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.481%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,772.8	−0.050%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772.9	−0.043%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.4	−0.017%	$245K	$671K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.4	−0.017%	$113.0M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.9	−0.045%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.2	−0.031%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.4	−0.018%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.8	−0.051%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.3	+0.034%	$441K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0069%	1h	1,773.6	−0.003%	$319K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.9	−0.044%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	−0.033%	$213K	$290K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,772.6	−0.060%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	−0.046%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.5	−0.070%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,773.7	−0.001%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,773.2	−0.029%	$563K	$355K	10x	as long as short