Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.002%

Price spread now: OKX against QFEX+0.091%7-day average +0.035% · 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−$18as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.091%, 7d avg +0.035%

Together, before fees−0.073%−$7 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 0.056% dearer against QFEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,761.5	0.0004	pay 0.0001% / 1h	49m 07s	$1.5M	$9.3M	10x
Short	OKX SNDK-USDT-SWAP	1,763.1	0	get 0.0000% / 8h	4h 49m	$78.9M	$841.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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 QFEXbpFee OKXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$0.87
Price spread: +0.091% → +0.035%: $5.59
Slippage, 4 orders: −$3.9
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.18
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; OKX: live order book, 3 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 QFEX live order book, 8 min ago	1.07 bp	6.1 bp −$6	7.1 bp −$71	12.1 bp −$1,211	doesn't fit
Sell OKX live order book, 3 min ago	0.28 bp	5.3 bp −$5	6.7 bp −$67	13.1 bp −$1,308	62.2 bp −$31.1K

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0127%	1h	1,760.5	−0.056%	$166K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.7	+0.069%	$3.9M	$4.7M	75x	as long as short
Entropy io:SNDK	−0.0002%	1h	1,763.2	+0.097%	$4.5M	$19.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.075%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.7	+0.070%	$280.7M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.7	+0.066%	$31.4M	$107.6M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,763.1	+0.091%	$78.9M	$841.9M	75x
RISEx SNDK/USDC	0.0000%	1h	1,763.3	+0.104%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.6	+0.062%	$180.6M	$210.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,762.9	+0.082%	$48.5M	$172.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,765.2	+0.210%	$2.7M	$4.4M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.9	+0.248%	$22K	$2.6M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.1	+0.034%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762	+0.031%	$899	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.4	−0.009%	$19K	$447K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.4	−0.008%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.7	+0.069%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USDlong	+0.0004%	1h	1,761.5	long leg	$1.5M	$9.3M	10x
Aftermath Perps SNDKUSD	+0.0023%	1h	1,765.6	+0.235%	$675	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.6	+0.065%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.5	+0.003%	$419K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.183%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761	−0.029%	$255K	$1.4M	10x	as long as short
Phoenix SNDK	+0.0045%	1h	1,761.4	−0.006%	$274K	$178K	15x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,761.4	−0.004%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.6	+0.062%	$243K	$697K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.5	+0.057%	$122.5M	$151.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.5	0.000%	$193K	$165K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762	+0.028%	$722K	$529K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.2	−0.017%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,761.1	−0.021%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0068%	1h	1,761.5	+0.002%	$321K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.9	−0.036%	$1K	—	10x	as long as short
Lighter SNDK	+0.0096%	1h	1,763.5	+0.116%	$1.8M	$16.5M	20x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.2	−0.017%	$192K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,762.5	+0.057%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,766	+0.258%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.5	−0.054%	$9K	$6K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,761.9	+0.021%	$446K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0296%	4h	1,765.3	+0.218%	$561K	$338K	10x	as long as short