Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: SoDEX against OKX+0.027%46s7-day average −0.004% · 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−$280.277% of the position

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.027%, 7d avg −0.004%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.031% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.004%. The two prices were read 46 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	1,760.9	0	get 0.0000% / 8h	32m 27s	$82.3M	$833.5M	75x
Short	SoDEX SNDK-USD	1,761.4	0.0050	get 0.0006% / 1h	32m 27s	$720K	$520K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $10.5
Price spread: +0.027% → −0.004%: $3.1
Slippage, 4 orders: −$9.72
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.12
Costs to cover: 0.277%
Break-even: 16.4 days

Slippage from OKX: live order book, 2 min ago; SoDEX: live order book, 6 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	5.6 bp −$56	10.9 bp −$1,095	71.7 bp −$35.9K
Sell SoDEX live order book, 6 min ago	0.03 bp	7.8 bp −$8	35.4 bp −$354	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	−0.0270%	8h	1,761.4	+0.028%	$48.4M	$166.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.1	+0.012%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,761.5	+0.033%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.2	+0.016%	$6.0M	$22.3M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0011%	1h	1,762.2	+0.072%	$51K	$353K	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761	+0.006%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.3	+0.079%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.6	−0.017%	$279.7M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.3	+0.020%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,760.9	long leg	$82.3M	$833.5M	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	1,762.2	+0.076%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.2	+0.015%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	+0.009%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.3	+0.081%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.085%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.6	−0.017%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.4	+0.027%	$828	$3.4M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.2	+0.018%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.2	+0.019%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,761.9	+0.054%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,759.3	−0.090%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.6	+0.095%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.5	+0.034%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.8	−0.003%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.218%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.018%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.1	+0.011%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761	+0.006%	$119.6M	$159.7M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	+0.045%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.8	−0.062%	$185K	$128K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,761.4	+0.027%	$720K	$520K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.9	−0.001%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.9	0.000%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.5	+0.034%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.1	+0.014%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.1	+0.068%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.7	+0.045%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.086%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.2	+0.076%	$127K	$339K	20x	as long as short
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	+0.053%	$560K	$351K	10x	as long as short