Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: Phemex against Arcus+0.050%7-day average +0.061% · 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−$63as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Arcus Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.050%, 7d avg +0.061%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,783.6	0.0040	pay 0.0005% / 1h	34m 55s	$312K	$1.6M	10x
Short	Phemex SNDKUSDT	1,784.5	0	get 0.0000% / 8h	6h 34m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Arcus. 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 ArcusbpFee PhemexbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$8.46
Price spread: +0.050% → +0.061%: −$1.06
Slippage, 4 orders: −$45.07
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$71.09
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Phemex: live order book, 4 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 Arcus live order book, 4 min ago	0.48 bp	10.4 bp −$10	15.3 bp −$153	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.41 bp	26.1 bp −$26	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
BloFin SNDK-USDT	−0.0120%	8h	1,788	+0.246%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,784.3	+0.038%	$4.9M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.2	−0.024%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.9	+0.017%	$1.8M	$17.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,784.5	+0.046%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.9	+0.072%	$21.7M	$39.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.5	+0.050%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.9	+0.071%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.9	+0.071%	$85.6M	$830.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.6	+0.053%	$180.5M	$231.6M	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	1,785	+0.074%	$44.0M	$167.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.8	+0.009%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.026%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.7	+0.062%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.6	−0.001%	$772	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784.5	+0.048%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.2	+0.032%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,784.5	+0.050%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.4	+0.101%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0011%	1h	1,784.5	+0.049%	$114.3M	$146.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.3	+0.093%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.8	+0.067%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.5	+0.048%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.916%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,783.6	long leg	$312K	$1.6M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.5	−0.006%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	+0.054%	$245K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.011%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.6	+0.052%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.2	+0.032%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.1	+0.025%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.9	+0.015%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784	+0.019%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.011%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.052%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.5	+0.050%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783	−0.033%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.4	−0.016%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.2	+0.085%	$130K	$355K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785	+0.076%	$171K	$1.8M	20x	as long as short