Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.004%

Price spread now: OKX against QFEX+0.022%7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.022%, 7d avg +0.035%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,760.4	−0.0008	get 0.0001% / 1h	28m 36s	$1.4M	$10.3M	10x
Short	OKX SNDK-USDT-SWAP	1,760.8	0	get 0.0000% / 8h	1h 28m	$82.3M	$835.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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 QFEXbpFee OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $1.65
Price spread: +0.022% → +0.035%: −$1.35
Slippage, 4 orders: −$3.37
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.07
Costs to cover: 0.234%
Break-even: 105.1 days

Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 6 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 QFEX live order book, 5 min ago	0.28 bp	5.8 bp −$6	7.6 bp −$76	11.6 bp −$1,162	doesn't fit
Sell OKX live order book, 6 min ago	0.28 bp	5.3 bp −$5	6.2 bp −$62	14.1 bp −$1,415	66.9 bp −$33.5K

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
Bitget SNDKUSDT	−0.0370%	8h	1,760.8	+0.024%	$47.9M	$166.2M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.1	−0.020%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0012%	8h	1,759.9	−0.032%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USDlong	−0.0008%	1h	1,760.4	long leg	$1.4M	$10.3M	10x
Aster SNDKUSD1	0.0000%	8h	1,761.4	+0.057%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.6	+0.009%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.9	+0.024%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,760.8	+0.022%	$82.3M	$835.3M	75x
RISEx SNDK/USDC	0.0000%	1h	1,761.6	+0.068%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.5	+0.002%	$177.2M	$230.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,759	−0.079%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.8	−0.036%	$10K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.9	−0.086%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.3	−0.007%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.6	+0.011%	$998	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.3	−0.005%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.7	−0.040%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.8	+0.023%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,758	−0.135%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.3	−0.064%	$655	$38K	5x	as long as short
Nado SNDK-PERP	+0.0024%	1h	1,761.3	+0.052%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,761.7	+0.074%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.9	+0.030%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.5	+0.006%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.246%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.6	−0.101%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.9	+0.027%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.5	+0.005%	$118.4M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.9	−0.030%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.1	−0.018%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.1	−0.020%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.5	+0.002%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.8	+0.022%	$1.3M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.9	−0.027%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.7	+0.016%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760	−0.024%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.9	−0.031%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	+0.031%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,760.7	+0.016%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0890%	4h	1,758.6	−0.103%	$559K	$353K	10x	as long as short