Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Ondo Perps+0.066%7-day average +0.008% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.066%, 7d avg +0.008%

Together, before fees−0.170%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.058% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.008%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SNDK-USD.P	1,767.8	0.0050	pay 0.0006% / 1h	9m 59s	$1.4M	$5.1M	5x
Short	Phemex SNDKUSDT	1,769	0	get 0.0000% / 8h	2h 09m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Ondo Perps. 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 Ondo PerpsbpFee PhemexbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$10.58
Price spread: +0.066% → +0.008%: $5.75
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$21.83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	3.97 bp	30.7 bp −$31	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget SNDKUSDT	−0.0310%	8h	1,769.5	+0.096%	$47.0M	$164.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.4	+0.032%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0031%	8h	1,769.3	+0.083%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.9	+0.003%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771	+0.179%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.2	+0.134%	$281.0M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.6	+0.157%	$31.9M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.6	+0.158%	$82.1M	$835.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.085%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.8	+0.115%	$176.6M	$231.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	−0.024%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.344%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.345%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.7	+0.051%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.2	+0.079%	$879	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.1	+0.075%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769	+0.067%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,769	+0.066%	$2.8M	$1.1M	50x
Nado SNDK-PERP	+0.0008%	1h	1,768.5	+0.042%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,766.2	−0.088%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,764.3	−0.198%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	+0.011%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.6	+0.102%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.2	+0.077%	$439K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.819%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,764.2	−0.205%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.5	+0.040%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.3	+0.085%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.9	−0.107%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.5	−0.017%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.6	−0.011%	$723K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768.3	+0.028%	—	—	5x	as long as short
Ondo Perps SNDK-USD.Plong	+0.0050%	1h	1,767.8	long leg	$1.4M	$5.1M	5x
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.132%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,770.4	+0.145%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.6	+0.046%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0095%	4h	1,764.1	−0.211%	$560K	$351K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.5	−0.184%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.4	+0.036%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.4	+0.091%	$127K	$347K	20x	as long as short