Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%

Price spread now: OKX against SoDEX−0.064%46s7-day average +0.004% · you buy dearer than you sell

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

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

costs, in and out, $10k−$260.264% of the position

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.064%, 7d avg +0.004%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.069% cheaper against SoDEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 46 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	SoDEX SNDK-USD	1,784.5	0.0050	pay 0.0006% / 1h	39m 31s	$729K	$515K	10x
Short	OKX SNDK-USDT-SWAP	1,783.3	0	get 0.0000% / 8h	6h 39m	$85.7M	$829.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SoDEX. 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 SoDEXbpFee OKXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$10.5
Price spread: −0.064% → +0.004%: −$6.87
Slippage, 4 orders: −$8.39
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.75
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from SoDEX: live order book, 29 min ago; OKX: live order book, 5 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 SoDEX live order book, 29 min ago	0.03 bp	7.6 bp −$8	37.9 bp −$379	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.28 bp	5.3 bp −$5	5.8 bp −$58	11.4 bp −$1,140	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	1,788	+0.200%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,785.8	+0.076%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.132%	$278K	$193K	15x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0030%	1h	1,784.9	+0.027%	$51K	$328K	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.2	−0.069%	$1.8M	$17.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.4	+0.053%	$21.7M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,783.1	−0.077%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,783.7	−0.041%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,783.3	−0.064%	$85.7M	$829.3M	75x
Gate SNDK_USDT	0.0000%	8h	1,783.4	−0.061%	$180.4M	$231.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,783.4	−0.057%	$47.1M	$165.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.138%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.3	+0.161%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	+0.042%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.2	−0.013%	$856	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.9	+0.022%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.3	−0.011%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0002%	1h	1,784.5	+0.002%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,787.9	+0.194%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0009%	1h	1,783.9	−0.031%	$114.2M	$146.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.7	+0.013%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.1	−0.020%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.1	−0.020%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.869%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.6	+0.064%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.6	−0.048%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.2	−0.070%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,783.7	−0.044%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783	−0.081%	$187K	$135K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,784.5	long leg	$729K	$515K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.3	−0.064%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.6	+0.006%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,785.9	+0.083%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,783.6	−0.046%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.8	+0.020%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.193%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.4	−0.001%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.6	+0.062%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.1	−0.020%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0279%	4h	1,787.4	+0.163%	$568K	$351K	10x	as long as short