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 −0.007%

Price spread now: Binance against Phemex−0.019%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

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

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.019%, 7d avg −0.033%

Together, before fees+0.295%+$30 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,779.9	0	get 0.0000% / 8h	3h 42m	$2.8M	$1.1M	50x
Short	Binance SNDKUSDT	1,779.6	0	get 0.0000% / 8h	3h 42m	$283.5M	$1.80B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.033%: $1.34
Slippage, 4 orders: −$35.05
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.7
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Binance: live order book, 16 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, 6 min ago	3.12 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.03 bp	5.0 bp −$5	5.8 bp −$58	13.2 bp −$1,319	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	1,779.6	−0.020%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0110%	1h	1,780.5	+0.033%	$4.8M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0046%	1h	1,780.1	+0.008%	$346K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,780.3	+0.022%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,779.1	−0.049%	$1.4M	$12.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.1	+0.009%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.3	+0.078%	$21.8M	$33.5M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,779.6	−0.019%	$283.5M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,780.1	+0.012%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.8	−0.007%	$83.4M	$824.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,780.1	+0.012%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.6	−0.017%	$179.2M	$229.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.5	−0.022%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.129%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.026%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.128%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.6	−0.018%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.9	−0.111%	$736	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779.6	−0.018%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779	−0.053%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,779.9	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.8	+0.108%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,780.1	+0.008%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.7	−0.012%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,779.5	−0.023%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.126%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	+0.119%	$566K	$353K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,779.8	−0.007%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.2	−0.099%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.6	−0.018%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.1	−0.046%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779.6	−0.018%	$117.5M	$150.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779.4	−0.029%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	−0.013%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.069%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	−0.046%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.8	−0.005%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.6	+0.040%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,779	−0.054%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,780	+0.003%	$130K	$352K	20x	as long as short