Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h −0.017%

Price spread now: Phoenix against Bitget−0.053%49s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.396% of the position

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.053%, 7d avg +0.016%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.068% cheaper against Bitget than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.016%). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,768.3	−0.0284	get 0.0284% / 8h	2h 08m	$47.1M	$164.9M	75x
Short	Phoenix SNDK	1,767.4	0	get 0.0000% / 1h	8m 42s	$275K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.053%Rate

Funding earned: $59.64
Price spread: −0.053% → +0.016%: −$6.83
Slippage, 4 orders: −$20.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $13.25
Costs to cover: 0.396%
Break-even: 5.4 days

Slippage from Bitget: live order book, 5 min ago; Phoenix: live order book, 37 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 Bitget live order book, 5 min ago	0.31 bp	7.1 bp −$7	9.8 bp −$98	12.1 bp −$1,209	doesn't fit
Sell Phoenix live order book, 37 min ago	3.96 bp	12.7 bp −$13	27.5 bp −$275	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
Bitget SNDKUSDTlong	−0.0284%	8h	1,768.3	long leg	$47.1M	$164.9M	75x
BloFin SNDK-USDT	−0.0120%	8h	1,767.5	−0.047%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0029%	8h	1,767.5	−0.049%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.7	−0.035%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.8	+0.024%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.1	−0.014%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.5	+0.008%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.6	+0.015%	$82.1M	$834.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.052%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768	−0.016%	$176.6M	$231.9M	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	−0.054%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.026%	$16K	$1.8M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,767.4	−0.053%	$275K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,769	+0.037%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.9	−0.026%	$764	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768	−0.020%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.3	−0.058%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,767.6	−0.041%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,770.1	+0.099%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0012%	1h	1,767.1	−0.070%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,765.2	−0.175%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	−0.019%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.1	−0.011%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.8	−0.029%	$444K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.789%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.138%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.4	+0.061%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.6	−0.041%	$119.0M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.5	−0.103%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.3	−0.002%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768	−0.021%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.083%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.102%	$437K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0074%	1h	1,768.1	−0.011%	$723K	$520K	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.2	+0.049%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	−0.026%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	+0.003%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.8	−0.032%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.2	+0.052%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.079%	$561K	$351K	10x	as long as short