Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: SoDEX against OKX+0.034%7-day average −0.004% · 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−$22as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.034%, 7d avg −0.004%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,788.5	0	get 0.0000% / 8h	4h 34m	$84.7M	$826.2M	75x
Short	SoDEX SNDK-USD	1,789.1	0.0050	get 0.0006% / 1h	34m 39s	$731K	$514K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $10.5
Price spread: +0.034% → −0.004%: $3.71
Slippage, 4 orders: −$7.74
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.53
Costs to cover: 0.257%
Break-even: 14.7 days

Slippage from OKX: live order book, 4 min ago; SoDEX: live order book, 24 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, 4 min ago	0.28 bp	5.3 bp −$5	5.3 bp −$53	8.7 bp −$867	35.7 bp −$17.9K
Sell SoDEX live order book, 24 min ago	0.03 bp	7.6 bp −$8	38.5 bp −$385	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	1,789.2	+0.038%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0105%	1h	1,788.9	+0.022%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0099%	1h	1,790.1	+0.088%	$311K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.3	+0.045%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.3	−0.013%	$1.4M	$13.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.157%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.1	+0.034%	$21.8M	$37.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.5	−0.002%	$287.0M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.2	+0.041%	$32.6M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,788.5	long leg	$84.7M	$826.2M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,789.7	+0.067%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.6	+0.006%	$180.0M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.4	−0.004%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.8	+0.015%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.1	+0.034%	$11K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.1	+0.034%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.3	−0.009%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.4	+0.053%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.5	+0.002%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.1	+0.035%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.2	+0.093%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0010%	8h	1,788.1	−0.023%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.5	+0.056%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789	+0.029%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.2	+0.040%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.641%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788	−0.026%	$276K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.5	+0.055%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789	+0.026%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.2	+0.039%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,788.9	+0.025%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,788.9	+0.022%	$115.1M	$146.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.6	+0.006%	$188K	$128K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,789.1	+0.034%	$731K	$514K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.9	+0.022%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	+0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.5	+0.003%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.2	+0.037%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.4	−0.006%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0918%	4h	1,788.8	+0.015%	$568K	$352K	10x	as long as short