Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.025%

Price spread now: Phoenix against BloFin+0.054%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.054%, 7d avg +0.010%

Together, before fees−0.196%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.044% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,772.2	−0.0120	get 0.0120% / 8h	3h 14m	$4.0M	$4.4M	75x
Short	Phoenix SNDK	1,773.2	0	get 0.0000% / 1h	14m 33s	$276K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now +0.054%Rate

Funding earned: $25.2
Price spread: +0.054% → +0.010%: $4.41
Slippage, 4 orders: −$16.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$6.09
Costs to cover: 0.357%
Break-even: 8.7 days

Slippage from BloFin: live order book, 9 min ago; Phoenix: live order book, 36 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 BloFin live order book, 9 min ago	0.11 bp	6.3 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell Phoenix live order book, 36 min ago	3.37 bp	11.5 bp −$12	25.0 bp −$250	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-USDTlong	−0.0120%	8h	1,772.2	long leg	$4.0M	$4.4M	75x
KuCoin SNDKUSDTM	−0.0045%	8h	1,771.8	−0.024%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,771.7	−0.030%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,771.6	−0.038%	$1.4M	$11.9M	10x	as long as short
Nado SNDK-PERP	−0.0013%	1h	1,772	−0.014%	$342K	$1.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.103%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.8	+0.033%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.3	+0.006%	$280.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.6	+0.021%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.7	+0.026%	$82.2M	$827.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,772.6	+0.022%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.6	−0.039%	$177.2M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.4	+0.008%	$44.3M	$162.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.5	+0.072%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773	+0.045%	$17K	$1.6M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,773.2	+0.054%	$276K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,773.3	+0.060%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.1	+0.050%	$1K	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.7	−0.030%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	+0.004%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,773	+0.040%	$705	$38K	5x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0015%	1h	1,772.5	+0.015%	$51K	$346K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.5	+0.012%	$1.7M	$15.9M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.7	−0.032%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.3	−0.053%	$428K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.564%	$36	$9K	12x	as long as short
Vest SNDK-USD-PERP	+0.0038%	1h	1,769.4	−0.159%	—	$582K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.6	−0.039%	$264K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.5	+0.015%	$244K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.4	−0.047%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.3	−0.053%	$117.3M	$152.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.2	−0.002%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,772.3	+0.001%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.5	−0.042%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.7	+0.029%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.6	−0.038%	$197K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	+0.037%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.3	+0.003%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,773.3	+0.060%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0449%	4h	1,771.1	−0.063%	$562K	$353K	10x	as long as short