Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.009%

Price spread now: Arcus against Phemex−0.029%7-day average −0.061% · 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−$62as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.029%, 7d avg −0.061%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.032% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,784.9	0	get 0.0000% / 8h	5h 46m	$2.8M	$1.1M	50x
Short	Arcus SNDK-USD	1,784.3	0.0040	get 0.0005% / 1h	46m 51s	$311K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phemex. 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 PhemexbpFee ArcusbpOrdersPrice spread, now −0.029%Rate

Funding earned: $8.46
Price spread: −0.029% → −0.061%: $3.17
Slippage, 4 orders: −$48.28
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$53.15
Costs to cover: 0.648%
Break-even: 51.0 days

Slippage from Phemex: live order book, 2 min ago; Arcus: live order book, 2 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 Phemex live order book, 2 min ago	2.24 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	1.09 bp	11.8 bp −$12	14.2 bp −$142	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	1,784.7	−0.011%	—	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,784.8	−0.003%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0066%	1h	1,785.2	+0.019%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0048%	1h	1,785.8	+0.055%	$359K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0036%	1h	1,784.9	+0.004%	$51K	$334K	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.4	−0.027%	$1.5M	$15.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.6	+0.040%	$21.8M	$37.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.3	+0.022%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.5	+0.036%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.8	−0.003%	$85.4M	$821.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,785.9	+0.059%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.9	+0.001%	$180.1M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.3	+0.025%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	+0.035%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.053%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.6	−0.014%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.8	−0.060%	$940	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.3	−0.030%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,784.9	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786	+0.061%	$747	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0008%	1h	1,785.4	+0.030%	$114.4M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	+0.061%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.2	+0.076%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.7	+0.045%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.9	+0.056%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.846%	$36	$9K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,784.3	−0.029%	$311K	$1.6M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.6	−0.012%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	−0.015%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.7	−0.007%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.3	−0.031%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.9	−0.001%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.7	−0.009%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,785.2	+0.017%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.3	−0.030%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,784.9	+0.002%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.9	+0.003%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	+0.053%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.6	−0.068%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0902%	4h	1,785.5	+0.034%	$567K	$353K	10x	as long as short