Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.009%

Price spread now: Injective against Phemex+0.529%65s7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.529% dearer against Phemex than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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	Phemex SNDKUSDT	1,790.5	0	get 0.0000% / 8h	7h 22m	$2.8M	$1.1M	50x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	22m 16s	$36	$9K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.529%Rate

Funding earned: $7
Price spread: +0.529% → 0.000%: $52.89
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $47.87
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phemex: live order book, 1 min ago; Injective: no order-book sample. 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 Phemex live order book, 1 min ago	4.11 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
BloFin SNDK-USDT	−0.0120%	8h	1,790.7	+0.009%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	+0.006%	$21.8M	$43.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.2	−0.014%	$286.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791	+0.029%	$32.0M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.2	+0.040%	$87.0M	$835.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.6	+0.006%	$182.3M	$235.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.7	+0.011%	$48.0M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.104%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.5	+0.055%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,792.2	+0.096%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,790.9	+0.022%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.5	−0.056%	$846	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.6	+0.006%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	−0.017%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,790.5	long leg	$2.8M	$1.1M	50x
QFEX SNDK-USD	+0.0001%	1h	1,791.1	+0.035%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.3	+0.101%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0006%	1h	1,791.9	+0.079%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790.4	−0.006%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.2	+0.038%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.5	+0.003%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	+0.010%	$444K	$1.6M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+0.529%	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,789.7	−0.044%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	−0.004%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,791.1	+0.034%	$246K	$652K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,791.6	+0.059%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.6	+0.006%	$115.0M	$147.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790	−0.027%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.4	−0.005%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.8	−0.094%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	−0.020%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.2	+0.040%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,790	−0.027%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.187%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.057%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0103%	4h	1,791.4	+0.052%	$569K	$353K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	−0.027%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0182%	1h	1,790.4	−0.008%	$732K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.1	+0.033%	$130K	$379K	20x	as long as short