Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.004%

Price spread now: Phemex against QFEX+0.039%7-day average +0.020% · 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−$78as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on QFEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.039%, 7d avg +0.020%

Together, before fees−0.050%−$5 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	1,758.3	−0.0001	get 0.0000% / 1h	52m 16s	$1.4M	$10.0M	10x
Short	Phemex SNDKUSDT	1,759	0	get 0.0000% / 8h	52m 16s	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0.18
Price spread: +0.039% → +0.020%: $1.83
Slippage, 4 orders: −$57.8
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$77.79
Costs to cover: 0.798%
Break-even: 2953.6 days

Slippage from QFEX: live order book, 7 min ago; Phemex: live order book, 1 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, 7 min ago	0.65 bp	7.5 bp −$8	8.4 bp −$84	13.8 bp −$1,377	doesn't fit
Sell Phemex live order book, 1 min ago	2.02 bp	33.4 bp −$33	doesn't fit	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
Bitget SNDKUSDT	−0.0316%	8h	1,758.7	+0.023%	$48.3M	$166.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.9	+0.034%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0039%	1h	1,759	+0.039%	$326K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0013%	8h	1,758.7	+0.022%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USDlong	−0.0001%	1h	1,758.3	long leg	$1.4M	$10.0M	10x
Aster SNDKUSD1	0.0000%	8h	1,759.7	+0.079%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.6	+0.016%	$279.2M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.9	+0.037%	$31.7M	$103.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.5	+0.013%	$82.2M	$833.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759.4	+0.064%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,758.5	+0.010%	$177.0M	$228.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.5	+0.013%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	+0.028%	$21K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.5	+0.013%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.6	+0.017%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.8	+0.030%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.3	+0.001%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.9	−0.023%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,759	+0.039%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0011%	1h	1,759.4	+0.064%	$740	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756.2	−0.120%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,759.3	+0.060%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.7	+0.026%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.3	+0.001%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.370%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	+0.005%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.6	+0.018%	$242K	$654K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.7	+0.024%	$118.8M	$159.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,758.8	+0.030%	$4.6M	$19.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.3	−0.056%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.6	+0.015%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.5	+0.010%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	+0.007%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.4	+0.005%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.5	+0.012%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.1	+0.048%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.1	−0.012%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.077%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.7	+0.026%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0922%	4h	1,757.9	−0.024%	$558K	$350K	10x	as long as short