Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Phoenix against OKX−0.424%76s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as 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−$350.349% of the position

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.339%+$34 · spread now −0.424%, 7d avg +0.018%

Together, before fees+0.238%+$24 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 0.441% cheaper against OKX than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 76 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	OKX SNDK-USDT-SWAP	1,769.5	0	get 0.0000% / 8h	6h 14m	$82.6M	$830.6M	75x
Short	Phoenix SNDK	1,762	0	get 0.0000% / 1h	14m 06s	$274K	$189K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against OKX. 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 OKXbpFee PhoenixbpOrdersPrice spread, now −0.424%Rate

Funding earned: $0
Price spread: −0.424% → +0.018%: −$44.14
Slippage, 4 orders: −$17.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$79.03
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Phoenix: live order book, 34 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 OKX live order book, 3 min ago	0.28 bp	5.3 bp −$5	6.1 bp −$61	14.3 bp −$1,425	70.9 bp −$35.4K
Sell Phoenix live order book, 34 min ago	3.42 bp	12.2 bp −$12	26.1 bp −$261	doesn't fit	doesn't fit

SNDK on 40 exchanges

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	1,766.9	−0.146%	$4.0M	$4.7M	75x	as long as short
Nado SNDK-PERP	−0.0014%	1h	1,767.4	−0.121%	$334K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0007%	8h	1,769.6	+0.005%	$50.0M	$168.4M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.1	−0.081%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.8	+0.016%	$281.3M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.4	−0.003%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,769.5	long leg	$82.6M	$830.6M	75x
RISEx SNDK/USDC	0.0000%	1h	1,768.9	−0.036%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.5	+0.001%	$182.1M	$219.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.1	−0.134%	$2.7M	$4.7M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDKshort	0.0000%	1h	1,762	−0.424%	$274K	$189K	15x
Bullet SNDK-USD	0.0000%	1h	1,768.1	−0.081%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.2	−0.075%	$782	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768	−0.084%	$37K	$388K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.8	−0.038%	$1.4M	$9.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769.5	+0.002%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,767.5	−0.112%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,764.8	−0.264%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.5	−0.001%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767	−0.141%	$394K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.721%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766.8	−0.151%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,768.2	−0.072%	—	$569K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,767.7	−0.102%	$246K	$682K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.6	+0.006%	$120.7M	$155.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.3	−0.181%	$4.6M	$19.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.8	−0.096%	$187K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767	−0.141%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,768.2	−0.076%	—	—	5x	as long as short
Lighter SNDK	+0.0056%	1h	1,770.1	+0.032%	$1.8M	$16.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768	−0.082%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767.8	−0.096%	$198K	$306K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,767.3	−0.125%	$6.1M	$22.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.3	−0.296%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.7	−0.102%	$8K	$3K	20x	as long as short
SoDEX SNDK-USD	+0.0102%	1h	1,767.9	−0.093%	$725K	$523K	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0119%	8h	1,765.5	−0.224%	$22K	$2.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,768	−0.084%	$443K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0551%	1h	1,767.5	−0.116%	$160K	$382K	20x	as long as short
edgeX SNDKUSDC	+0.0585%	4h	1,762.5	−0.395%	$560K	$340K	10x	as long as short