Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.018%

Price spread now: Phoenix against Gate+0.006%47s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$410.414% of the position

Long on Gate Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.006%, 7d avg +0.018%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 47 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	Gate SNDK_USDT	1,789.9	0	get 0.0000% / 8h	4h 12m	$180.3M	$231.1M	75x
Short	Phoenix SNDK	1,790	−0.0089	pay 0.0011% / 1h	12m 39s	$279K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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 GatebpFee PhoenixbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$18.77
Price spread: +0.006% → +0.018%: −$1.15
Slippage, 4 orders: −$19.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$61.34
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Phoenix: live order book, 43 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 Gate live order book, 1 min ago	0.47 bp	10.3 bp −$10	15.5 bp −$155	37.1 bp −$3,709	59.7 bp −$29.8K
Sell Phoenix live order book, 43 min ago	2.79 bp	10.1 bp −$10	21.0 bp −$210	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	1,790.2	+0.016%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDKshort	−0.0089%	1h	1,790	+0.006%	$279K	$193K	15x
Nado SNDK-PERP	−0.0075%	1h	1,790.4	+0.028%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0059%	1h	1,789.7	−0.011%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.8	−0.004%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.7	+0.045%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,789.3	−0.035%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.2	+0.015%	$21.8M	$36.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.4	+0.026%	$285.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.4	+0.030%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.3	+0.023%	$84.1M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791	+0.062%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,789.9	long leg	$180.3M	$231.1M	75x
Bitget SNDKUSDT	0.0000%	8h	1,790	+0.006%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	−0.012%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.015%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.9	+0.001%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789	−0.052%	$798	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.2	+0.018%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.8	−0.003%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.2	+0.015%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.3	+0.023%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.9	+0.054%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.040%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.2	+0.020%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.563%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	−0.073%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.6	+0.037%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.7	−0.011%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.4	+0.028%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.7	−0.011%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.3	+0.023%	$118.0M	$148.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	−0.005%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.8	−0.006%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	+0.012%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.7	−0.012%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.2	+0.016%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.013%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.7	−0.011%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.047%	$568K	$353K	10x	as long as short