Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: QFEX against OKX−0.016%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days−0.015%−$2 · spread now −0.016%, 7d avg −0.035%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,767.9	0	get 0.0000% / 8h	6h 14m	$82.5M	$829.3M	75x
Short	QFEX SNDK-USD	1,767.6	0.0000	get 0.0000% / 1h	14m 51s	$1.4M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.08
Price spread: −0.016% → −0.035%: $1.85
Slippage, 4 orders: −$2.93
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.99
Costs to cover: 0.229%
Break-even: 1756.2 days

Slippage from OKX: live order book, 2 min ago; QFEX: live order book, 7 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, 2 min ago	0.28 bp	5.3 bp −$5	6.1 bp −$61	14.3 bp −$1,425	70.9 bp −$35.4K
Sell QFEX live order book, 7 min ago	0.37 bp	5.4 bp −$5	6.2 bp −$62	9.9 bp −$990	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
BloFin SNDK-USDT	−0.0120%	8h	1,766.9	−0.055%	$4.0M	$4.7M	75x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,767.3	−0.031%	$334K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0010%	8h	1,767.8	−0.008%	$49.9M	$168.3M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.1	+0.009%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,767.9	+0.002%	$281.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.5	+0.033%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,767.9	long leg	$82.5M	$829.3M	75x
RISEx SNDK/USDC	0.0000%	1h	1,768.9	+0.056%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.7	−0.014%	$182.0M	$219.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.1	−0.043%	$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	1,762	−0.334%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.1	−0.042%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,766.9	−0.059%	$919	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,767.1	−0.048%	$37K	$388K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.4	−0.029%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,767.1	−0.044%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USDshort	0.0000%	1h	1,767.6	−0.016%	$1.4M	$9.4M	10x
Aftermath Perps SNDKUSD	+0.0014%	1h	1,764.4	−0.201%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,767.4	−0.031%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767	−0.051%	$394K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.813%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766.8	−0.064%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,767.6	−0.019%	—	$569K	10x	as long as short
Lighter SNDK	+0.0048%	1h	1,767.9	+0.002%	$1.8M	$16.8M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768	+0.006%	$246K	$682K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.3	+0.023%	$120.6M	$155.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.2	−0.153%	$4.5M	$19.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.3	−0.034%	$186K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.1	+0.011%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,767	−0.051%	—	—	5x	as long as short
SoDEX SNDK-USD	+0.0075%	1h	1,766.9	−0.057%	$725K	$523K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,766.8	−0.065%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767.1	−0.045%	$198K	$306K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,766.8	−0.063%	$6.1M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.3	−0.206%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,766.6	−0.073%	$8K	$3K	20x	as long as short
GRVT SNDK_USDT_Perp	+0.0119%	8h	1,765.5	−0.133%	$22K	$2.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,768	+0.006%	$443K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0551%	1h	1,766.6	−0.074%	$160K	$382K	20x	as long as short
edgeX SNDKUSDC	+0.0585%	4h	1,762.5	−0.305%	$560K	$340K	10x	as long as short