Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.021%

Price spread now: OKX against Popdex−0.028%7-day average −0.016% · 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−$23as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Popdex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.028%, 7d avg −0.016%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,769.4	0.0048	pay 0.0006% / 1h	9m 05s	$243K	$666K	20x
Short	OKX SNDK-USDT-SWAP	1,768.9	0	get 0.0000% / 8h	2h 09m	$82.0M	$834.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Popdex. 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 PopdexbpFee OKXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$10.08
Price spread: −0.028% → −0.016%: −$1.22
Slippage, 4 orders: −$5.63
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.34
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Popdex: live order book, 40 min ago; OKX: live order book, 5 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 Popdex live order book, 40 min ago	0.56 bp	4.1 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.28 bp	5.3 bp −$5	5.8 bp −$58	11.7 bp −$1,175	67.8 bp −$33.9K

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	−0.0297%	8h	1,768.3	−0.062%	$47.0M	$164.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,767.5	−0.107%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0030%	8h	1,767.8	−0.089%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,769.3	−0.004%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.6	−0.044%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.3	−0.060%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.3	−0.060%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,768.9	−0.028%	$82.0M	$834.6M	75x
RISEx SNDK/USDC	0.0000%	1h	1,770.5	+0.062%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.8	−0.093%	$176.5M	$231.8M	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	−0.114%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.087%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.113%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769	−0.023%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.9	−0.086%	$764	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768	−0.081%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.3	−0.118%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,767.6	−0.101%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,770.1	+0.039%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0012%	1h	1,767.1	−0.130%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,765.2	−0.235%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,769.5	+0.006%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,767.8	−0.093%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.3	−0.119%	$442K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.727%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.4	−0.224%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,769.4	long leg	$243K	$666K	20x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.3	−0.119%	$119.0M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,767.2	−0.124%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.3	−0.062%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770	+0.034%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.023%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.041%	$437K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0074%	1h	1,768.1	−0.071%	$723K	$520K	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,768.7	−0.042%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	−0.087%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	−0.058%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.8	−0.092%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.2	−0.009%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.139%	$561K	$351K	10x	as long as short