Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against Phemex−0.002%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.002%, 7d avg −0.006%

Together, before fees+0.285%+ Points / potential airdroptradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,789.8	0	get 0.0000% / 8h	5h 00m	$2.8M	$1.1M	50x
Short	tradeXYZ xyz:SNDK	1,789.8	0.0009	get 0.0001% / 1h	0m 10s	$114.8M	$145.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.002%Rate

Funding earned: $1.83
Price spread: −0.002% → −0.006%: $0.41
Slippage, 4 orders: −$31.79
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$59.55
Costs to cover: 0.618%
Break-even: 234.6 days

Slippage from Phemex: live order book, 3 min ago; tradeXYZ: live order book, 10 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, 3 min ago	0.98 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.28 bp	9.6 bp −$10	10.1 bp −$101	14.7 bp −$1,474	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	1,789.6	−0.013%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,789.9	+0.004%	$279K	$193K	15x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0052%	1h	1,790.1	+0.017%	$51K	$343K	10x	as long as short
Entropy io:SNDK	−0.0051%	1h	1,789.9	+0.004%	$4.9M	$20.0M	10x	as long as short
Nado SNDK-PERP	−0.0050%	1h	1,791	+0.066%	$361K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,789.8	−0.004%	$1.5M	$14.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.8	−0.001%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.7	−0.009%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.3	+0.025%	$32.5M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.8	−0.002%	$85.0M	$825.3M	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	1,790.9	+0.060%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	+0.004%	$180.1M	$231.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.6	−0.013%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789	−0.045%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.5	−0.018%	$14K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.7	−0.005%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.2	−0.089%	$955	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.3	−0.032%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,789.8	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.8	0.000%	$666	$37K	5x	as long as short
tradeXYZ xyz:SNDKshort	+0.0009%	1h	1,789.8	−0.002%	$114.8M	$145.8M	10x
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.231%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	+0.068%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.042%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	+0.035%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.566%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.4	−0.079%	$313K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	+0.0042%	8h	1,788.8	−0.056%	$6.1M	$22.1M	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.1	+0.017%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	+0.004%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.9	+0.006%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.4	−0.024%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790	+0.007%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.4	−0.024%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,790.3	+0.024%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.4	−0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,789.9	+0.005%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.6	−0.011%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.4	−0.026%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0142%	4h	1,789.8	−0.003%	$568K	$353K	10x	as long as short