Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.021%

Price spread now: Popdex against OKX+0.084%53s7-day average +0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$180.181% of the position

Long on OKX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.084%, 7d avg +0.016%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.068% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 53 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	OKX SNDK-USDT-SWAP	1,776.9	0	get 0.0000% / 8h	3h 40m	$83.0M	$824.6M	75x
Short	Popdex SNDKUSDT	1,778.4	0.0048	get 0.0006% / 1h	40m 37s	$245K	$651K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against OKX. 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 OKXbpFee PopdexbpOrdersPrice spread, now +0.084%Rate

Funding earned: $10.08
Price spread: +0.084% → +0.016%: $6.81
Slippage, 4 orders: −$1.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$1.19
Costs to cover: 0.181%
Break-even: 7.8 days

Slippage from OKX: live order book, 4 min ago; Popdex: live order book, 13 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 OKX live order book, 4 min ago	0.28 bp	5.3 bp −$5	5.9 bp −$59	10.4 bp −$1,042	58.7 bp −$29.4K
Sell Popdex live order book, 13 min ago	0.56 bp	3.8 bp −$4	7.7 bp −$77	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-USDT	−0.0120%	8h	1,777	+0.007%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,778.8	+0.107%	$4.8M	$19.9M	10x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,777.9	+0.057%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0038%	1h	1,779.6	+0.151%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,778.2	+0.071%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.186%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.8	+0.109%	$21.7M	$33.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.2	+0.017%	$283.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,777.7	+0.046%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,776.9	long leg	$83.0M	$824.6M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,777.6	+0.041%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,776.9	+0.002%	$179.2M	$229.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,776.8	−0.005%	$43.7M	$162.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.015%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.196%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.298%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.8	+0.052%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,775.9	−0.055%	$723	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,777.9	+0.058%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.1	+0.011%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,777.7	+0.047%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.2	+0.241%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,778	+0.060%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.9	+0.055%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.2	+0.014%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.298%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.7	+0.102%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.4	+0.030%	—	$580K	10x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,778.4	+0.084%	$245K	$651K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.5	+0.034%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.1	+0.011%	$117.3M	$150.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.3	+0.079%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.2	+0.018%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,776.6	−0.017%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.4	+0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.9	−0.001%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.204%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.5	−0.020%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,778	+0.064%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0553%	4h	1,779.1	+0.125%	$565K	$351K	10x	as long as short