Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Phoenix against Binance+0.160%75s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

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

costs, in and out, $10k−$330.334% of the position

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)−1.017%−$102 · spread now +0.160%, 7d avg −0.003%

Together, before fees−1.207%−$121 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.163% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 75 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	Binance SNDKUSDT	1,779.4	0	get 0.0000% / 8h	3h 44m	$283.7M	$1.80B	75x
Short	Phoenix SNDK	1,782.2	0	get 0.0000% / 1h	44m 10s	$278K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → −0.003%: $16.3
Slippage, 4 orders: −$16.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$17.07
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Phoenix: live order book, 7 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 Binance live order book, 15 min ago	0.03 bp	5.3 bp −$5	7.0 bp −$70	12.6 bp −$1,262	doesn't fit
Sell Phoenix live order book, 7 min ago	3.37 bp	11.5 bp −$12	25.0 bp −$250	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	1,780.3	+0.053%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0097%	1h	1,781.1	+0.098%	$4.8M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,780	+0.036%	$346K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,780.4	+0.060%	$6.1M	$22.0M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,778.9	−0.025%	$1.4M	$12.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,779.7	+0.017%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.3	+0.109%	$21.8M	$33.5M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,779.4	long leg	$283.7M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,780.2	+0.046%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.9	+0.030%	$83.4M	$824.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,780.5	+0.066%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.4	+0.002%	$179.5M	$228.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.4	+0.003%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.160%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.7	+0.020%	$13K	$1.5M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,782.2	+0.160%	$278K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,779.3	−0.003%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.5	−0.103%	$857	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779.6	+0.011%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778	−0.075%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.4	+0.002%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,782.5	+0.174%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,780.4	+0.056%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,780	+0.035%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,779.4	+0.003%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.158%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	+0.150%	$566K	$353K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,780.8	+0.082%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.4	−0.052%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.5	+0.008%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.9	−0.025%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779.7	+0.019%	$117.5M	$150.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779	−0.020%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.5	+0.010%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.037%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.9	−0.025%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.3	−0.005%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,782.5	+0.178%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,779.1	−0.013%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,779.8	+0.023%	$130K	$352K	20x	as long as short