Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Phemex against Popdex+0.003%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on Popdex Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.003%, 7d avg +0.007%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, 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	1,790.4	0.0048	pay 0.0006% / 1h	11m 42s	$247K	$647K	20x
Short	Phemex SNDKUSDT	1,790.5	0	get 0.0000% / 8h	4h 11m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$10.08
Price spread: +0.003% → +0.007%: −$0.37
Slippage, 4 orders: −$50.68
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$79.53
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from Popdex: live order book, 47 min ago; Phemex: 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 Popdex live order book, 47 min ago	0.56 bp	3.8 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	3.74 bp	27.5 bp −$27	doesn't fit	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	1,790.2	−0.013%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790	−0.022%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0075%	1h	1,790.4	0.000%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,789.9	−0.028%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.4	−0.003%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.7	+0.017%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,789.7	−0.041%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	+0.009%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.4	+0.001%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.9	+0.027%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.7	+0.017%	$84.1M	$827.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.4	+0.055%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.6	+0.012%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.1	−0.016%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	−0.040%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.044%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.1	−0.016%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.1	−0.075%	$923	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.7	+0.017%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.5	−0.051%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,790.5	+0.003%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.6	+0.010%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.3	+0.051%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.9	+0.030%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.4	+0.002%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.534%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.7	−0.093%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.8	+0.021%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.7	−0.040%	—	$581K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,790.4	long leg	$247K	$647K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.2	−0.013%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.7	+0.017%	$118.0M	$148.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.9	−0.028%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.9	−0.026%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	−0.017%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	−0.032%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.5	+0.005%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.042%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.7	−0.039%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.075%	$568K	$353K	10x	as long as short