Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.019%

Price spread now: Popdex against OKX−0.095%53s7-day average +0.017% · 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−$180.181% of the position

Long on OKX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.095%, 7d avg +0.017%

Together, before fees+0.225%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.112% cheaper against OKX than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.017%). If the spread goes back, that is −$11 on $10k: about 7.8 days of funding at the current rate (+$1 a day). The two prices were read 53 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	1,784.7	0	get 0.0000% / 8h	6h 37m	$85.7M	$830.2M	75x
Short	Popdex SNDKUSDT	1,783	0.0048	get 0.0006% / 1h	37m 48s	$246K	$645K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.095%Rate

Funding earned: $10.08
Price spread: −0.095% → +0.017%: −$11.23
Slippage, 4 orders: −$1.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$19.23
Costs to cover: 0.181%
Break-even: 20.4 days

Slippage from OKX: live order book, 1 min ago; Popdex: live order book, 31 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, 1 min ago	0.28 bp	5.3 bp −$5	6.3 bp −$63	11.9 bp −$1,191	57.8 bp −$28.9K
Sell Popdex live order book, 31 min ago	0.56 bp	3.8 bp −$4	10.3 bp −$103	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	+0.185%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0091%	1h	1,784.9	+0.011%	$4.9M	$20.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0086%	1h	1,783.6	−0.061%	$51K	$328K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.118%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,782.5	−0.124%	$1.8M	$17.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.3	+0.036%	$21.7M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.3	−0.023%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.7	+0.002%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,784.7	long leg	$85.7M	$830.2M	75x
Gate SNDK_USDT	0.0000%	8h	1,784	−0.039%	$180.3M	$231.4M	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	1,784.6	−0.006%	$44.0M	$167.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.124%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.3	+0.147%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783	−0.094%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,782.2	−0.140%	$994	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782.9	−0.103%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783.7	−0.057%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,783.7	−0.056%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,786.6	+0.107%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0006%	1h	1,784.3	−0.022%	$114.2M	$146.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.3	+0.035%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.9	+0.011%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.9	+0.012%	$469K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.855%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.5	−0.011%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,782.8	−0.108%	—	$584K	10x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,783	−0.095%	$246K	$645K	20x
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.2	−0.030%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,782.6	−0.118%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.6	−0.064%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,782.4	−0.129%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.9	−0.100%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.071%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	−0.010%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.1	+0.020%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.179%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.7	−0.114%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,783.6	−0.059%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,783.8	−0.050%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0279%	4h	1,787.4	+0.149%	$568K	$351K	10x	as long as short