Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0040%/8hpaid last 24h +0.007%

Price spread now: Phemex against Arcus−0.191%7-day average +0.064% · 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−$83as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Arcus Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.205%+$20 · spread now −0.191%, 7d avg +0.064%

Together, before fees+0.198%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.255% cheaper against Arcus than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,752.5	0.0040	pay 0.0005% / 1h	21m 21s	$296K	$1.6M	10x
Short	Phemex SNDKUSDT	1,749.1	0	get 0.0000% / 8h	4h 21m	$2.8M	$812K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Arcus. 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 ArcusbpFee PhemexbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$8.46
Price spread: −0.191% → +0.064%: −$25.49
Slippage, 4 orders: −$40.54
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$90.99
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 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 Arcus live order book, 2 min ago	0.71 bp	7.7 bp −$8	10.2 bp −$102	24.6 bp −$2,458	doesn't fit
Sell Phemex live order book, 2 min ago	1.60 bp	15.5 bp −$15	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	1,747.9	−0.262%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−0.369%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0009%	1h	1,749.9	−0.147%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,753.2	+0.042%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,753.3	+0.045%	$21.6M	$40.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,752.6	+0.006%	$284.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,752.2	−0.016%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752	−0.027%	$88.3M	$803.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,753.9	+0.082%	$127K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,753.1	+0.038%	$189.8M	$238.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,753.7	+0.072%	$50.5M	$165.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.430%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,748.2	−0.245%	$16K	$836K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,752.8	+0.020%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,748.3	−0.238%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,748.5	−0.227%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,749.1	−0.191%	$2.8M	$812K	50x
Lighter SNDK	+0.0032%	1h	1,753	+0.029%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.5	+0.004%	$1.3M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,752.5	+0.004%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	−0.336%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.710%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0039%	1h	1,749.1	−0.190%	$651	$36K	5x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,752.5	long leg	$296K	$1.6M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,751.7	−0.046%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,753.5	+0.059%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,752.2	−0.013%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,753.2	+0.042%	$109.8M	$143.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,753.3	+0.047%	$195K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.5	−0.225%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,752.4	−0.004%	$1.4M	$4.3M	5x	as long as short
Nado SNDK-PERP	+0.0056%	1h	1,752.2	−0.017%	$349K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,748.5	−0.226%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752.7	+0.011%	$194K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,752.7	+0.014%	$6.1M	$21.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−0.360%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,752.4	−0.004%	$8K	$1K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0139%	1h	1,748.9	−0.204%	$48K	$188K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0481%	1h	1,749.2	−0.184%	$129K	$381K	20x	as long as short
edgeX SNDKUSDC	+0.0801%	4h	1,747.6	−0.277%	$553K	$344K	10x	as long as short