Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Bullet+0.027%7-day average +0.010% · 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−$54as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Bullet Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.027%, 7d avg +0.010%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SNDK-USD	1,771.7	0	get 0.0000% / 1h	44m 19s	$15K	$288K	10x
Short	Phemex SNDKUSDT	1,772.2	0	get 0.0000% / 8h	5h 44m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bullet. 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 BulletbpFee PhemexbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.010%: $1.75
Slippage, 4 orders: −$35.92
Fee Bullet: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$54.17
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Bullet: live order book, 3 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 Bullet live order book, 3 min ago	0.56 bp	6.1 bp −$6	20.4 bp −$204	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.29 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

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	−0.0259%	1h	1,770.5	−0.066%	$168K	$383K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,771.9	+0.010%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,770.6	−0.060%	$1.4M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.2	+0.026%	$21.6M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.9	+0.011%	$282.8M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.6	−0.005%	$31.9M	$107.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772	+0.017%	$82.0M	$842.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.4	−0.015%	$182.5M	$218.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.6	−0.008%	$48.1M	$172.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.1	−0.031%	$2.7M	$4.7M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,773.1	+0.079%	$276K	$188K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,771.7	long leg	$15K	$288K	10x
SunX SNDK-USDT	0.0000%	8h	1,771.2	−0.031%	$685	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,770.9	−0.045%	$19K	$431K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.6	−0.064%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,772.2	+0.027%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0019%	1h	1,772.8	+0.064%	$677	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.7	0.000%	$1.3M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.4	−0.019%	$397K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.595%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.2	−0.083%	$269K	$1.4M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,771.6	−0.007%	$331K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.2	−0.028%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.1	−0.034%	$243K	$699K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.2	−0.028%	$121.6M	$153.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,772.2	+0.028%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.6	−0.062%	$187K	$115K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.3	−0.024%	$727K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.6	−0.006%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0053%	8h	1,771.1	−0.033%	—	—	5x	as long as short
edgeX SNDKUSDC	+0.0064%	4h	1,773.4	+0.095%	$563K	$340K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.4	−0.019%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.4	−0.014%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,771.8	+0.008%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	+0.065%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.4	−0.019%	$8K	$3K	20x	as long as short
GRVT SNDK_USDT_Perp	+0.0148%	8h	1,773.8	+0.120%	$28K	$2.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,772.5	+0.046%	$445K	$2.2M	10x	as long as short
Lighter SNDK	+0.0176%	1h	1,772.2	+0.028%	$1.8M	$16.7M	20x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,771.9	+0.009%	$146K	$1.5M	20x	as long as short