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 0.000%

Price spread now: Phemex against Gate+0.001%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.001%, 7d avg +0.020%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,768.3	0	get 0.0000% / 8h	2h 11m	$176.4M	$231.6M	75x
Short	Phemex SNDKUSDT	1,768.3	0	get 0.0000% / 8h	2h 11m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.020%: −$1.84
Slippage, 4 orders: −$62.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$91.19
Costs to cover: 0.894%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Phemex: live order book, 3 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 Gate live order book, 3 min ago	0.82 bp	10.0 bp −$10	22.1 bp −$221	42.1 bp −$4,208	63.3 bp −$31.7K
Sell Phemex live order book, 3 min ago	3.97 bp	30.7 bp −$31	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
Bitget SNDKUSDT	−0.0321%	8h	1,767.8	−0.028%	$46.9M	$164.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.4	+0.006%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0031%	8h	1,767.8	−0.027%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.7	−0.033%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.9	+0.033%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.1	−0.012%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.2	−0.005%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.5	−0.044%	$82.0M	$833.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,768.9	+0.035%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,768.3	long leg	$176.4M	$231.6M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,759.7	−0.483%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.371%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.372%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.8	−0.027%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.5	−0.042%	$795	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.2	−0.003%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.3	−0.054%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,768.3	+0.001%	$2.8M	$1.1M	50x
Nado SNDK-PERP	+0.0008%	1h	1,768	−0.015%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,765.2	−0.173%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,763.7	−0.256%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,767.2	−0.061%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.6	+0.019%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.3	−0.055%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.792%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,763	−0.299%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,767.9	−0.021%	$243K	$665K	20x	as long as short
Entropy io:SNDK	+0.0049%	1h	1,765.1	−0.179%	$4.7M	$19.9M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768	−0.015%	$119.0M	$157.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,766.9	−0.077%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.2	−0.117%	$722K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,767.6	−0.038%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.8	−0.027%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,767.4	−0.047%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.4	+0.062%	$1.8M	$16.3M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.7	−0.030%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0095%	4h	1,764.1	−0.237%	$560K	$351K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.5	−0.211%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.8	−0.025%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,768.7	+0.027%	$127K	$347K	20x	as long as short