Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: OKX against Phemex+0.036%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.036%, 7d avg −0.020%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.057% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,768	0	get 0.0000% / 8h	2h 07m	$2.8M	$1.1M	50x
Short	OKX SNDK-USDT-SWAP	1,768.6	0	get 0.0000% / 8h	2h 07m	$82.3M	$834.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.020%: $5.67
Slippage, 4 orders: −$56.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.66
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago	3.97 bp	36.2 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.28 bp	5.3 bp −$5	5.8 bp −$58	9.3 bp −$932	62.5 bp −$31.3K

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	−0.0284%	8h	1,768.3	+0.018%	$47.2M	$164.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,767.5	−0.026%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0029%	8h	1,767.8	−0.009%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.7	−0.014%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769	+0.058%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.7	+0.044%	$280.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.7	+0.039%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,768.6	+0.036%	$82.3M	$834.7M	75x
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.073%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768	+0.004%	$176.6M	$231.9M	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	−0.033%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.005%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.032%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.9	−0.003%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.7	−0.013%	$790	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.1	+0.005%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.9	−0.006%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,768	long leg	$2.8M	$1.1M	50x
Nado SNDK-PERP	+0.0009%	1h	1,768.1	+0.009%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,766.3	−0.097%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,766.3	−0.097%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	+0.002%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.4	+0.024%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.9	−0.003%	$445K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.810%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.117%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	+0.019%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.9	−0.003%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.5	−0.083%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767	−0.054%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768	0.000%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.104%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.123%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.1	+0.067%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.6	−0.019%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0083%	1h	1,768.1	+0.010%	$723K	$520K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	+0.024%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.6	−0.019%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,768.5	+0.032%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.058%	$561K	$351K	10x	as long as short