Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0040%/8hpaid last 24h −0.007%

Price spread now: Arcus against Phemex+0.192%7-day average −0.064% · 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−$32as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.192%, 7d avg −0.064%

Together, before fees−0.199%−$20 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 Arcus is 0.255% dearer against Phemex than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,749.1	0	get 0.0000% / 8h	4h 21m	$2.8M	$812K	50x
Short	Arcus SNDK-USD	1,752.5	0.0040	get 0.0005% / 1h	21m 31s	$296K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phemex. 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 PhemexbpFee ArcusbpOrdersPrice spread, now +0.192%Rate

Funding earned: $8.46
Price spread: +0.192% → −0.064%: $25.53
Slippage, 4 orders: −$40.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.06
Costs to cover: 0.570%
Break-even: 26.1 days

Slippage from Phemex: live order book, 2 min ago; Arcus: 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 Phemex live order book, 2 min ago	1.60 bp	29.5 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	0.71 bp	4.3 bp −$4	6.4 bp −$64	20.9 bp −$2,089	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	1,747.9	−0.071%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−0.178%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0009%	1h	1,749.9	+0.045%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,753.2	+0.233%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,752.8	+0.212%	$21.6M	$40.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,753.5	+0.250%	$285.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,754	+0.278%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,753.8	+0.268%	$88.2M	$804.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,753.9	+0.273%	$127K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,752.7	+0.203%	$189.7M	$238.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,753.5	+0.248%	$50.4M	$164.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.239%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,748.2	−0.054%	$16K	$836K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,748.6	−0.027%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,748.3	−0.047%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,748.5	−0.036%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,749.1	long leg	$2.8M	$812K	50x
Lighter SNDK	+0.0032%	1h	1,753	+0.220%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.5	+0.196%	$1.3M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,752.5	+0.196%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	−0.145%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.907%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0036%	1h	1,748.7	−0.022%	$651	$36K	5x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,752.5	+0.192%	$296K	$1.6M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,747.5	−0.093%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,753.5	+0.250%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,752.2	+0.178%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,751.8	+0.153%	$109.7M	$143.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,748.4	−0.041%	$194K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.5	−0.034%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,752.4	+0.188%	$1.4M	$4.3M	5x	as long as short
Nado SNDK-PERP	+0.0056%	1h	1,748.3	−0.045%	$350K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,748.5	−0.035%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752.7	+0.203%	$194K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,751.7	+0.150%	$6.1M	$21.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−0.169%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,748.3	−0.046%	$8K	$1K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0139%	1h	1,748.9	−0.013%	$48K	$188K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0481%	1h	1,749.2	+0.007%	$129K	$381K	20x	as long as short
edgeX SNDKUSDC	+0.0801%	4h	1,747.6	−0.086%	$553K	$344K	10x	as long as short