Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Phemex against Binance−0.028%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 2 days (all we have)+0.062%+$6 · spread now −0.028%, 7d avg +0.020%

Together, before fees−0.146%−$15 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: Phemex is 0.048% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,786.4	0	get 0.0000% / 8h	5h 51m	$285.9M	$1.80B	75x
Short	Phemex SNDKUSDT	1,785.9	0	get 0.0000% / 8h	5h 51m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.020%: −$4.79
Slippage, 4 orders: −$36.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$63.16
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago	0.03 bp	5.0 bp −$5	6.5 bp −$65	14.5 bp −$1,455	doesn't fit
Sell Phemex live order book, 2 min ago	3.75 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0091%	1h	1,786.1	−0.020%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,784.5	−0.108%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.1	−0.022%	$1.6M	$15.2M	10x	as long as short
Nado SNDK-PERP	−0.0021%	1h	1,787.4	+0.055%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0021%	1h	1,786	−0.024%	$4.9M	$20.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.4	−0.002%	$21.8M	$37.3M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,786.4	long leg	$285.9M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,786.6	+0.011%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.3	−0.008%	$85.5M	$822.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.4	+0.055%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786.4	−0.005%	$180.2M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.2	−0.015%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.7	−0.097%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.3	−0.063%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.2	−0.013%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.3	−0.063%	$859	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.6	−0.048%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,785.9	−0.028%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.8	−0.037%	$664	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786.2	−0.013%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.3	+0.050%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787	+0.031%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.5	+0.005%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.757%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.6	−0.103%	$311K	$1.6M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0043%	1h	1,786.3	−0.008%	$114.5M	$145.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.032%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.4	−0.002%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.5	+0.006%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786	−0.024%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.1	−0.020%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.4	−0.002%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.8	+0.018%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.8	−0.037%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.3	−0.008%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	−0.030%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	−0.033%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.5	−0.055%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0735%	4h	1,785.1	−0.077%	$567K	$352K	10x	as long as short