Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bullet against Phemex−0.027%7-day average −0.010% · 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−$58as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Phemex Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.027%, 7d avg −0.010%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,772.2	0	get 0.0000% / 8h	5h 44m	$2.8M	$1.1M	50x
Short	Bullet SNDK-USD	1,771.7	0	get 0.0000% / 1h	44m 21s	$15K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.010%: −$1.75
Slippage, 4 orders: −$35.92
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$57.67
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Bullet: live order book, 3 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	2.29 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 3 min ago	0.56 bp	6.4 bp −$6	20.9 bp −$209	doesn't fit	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
Kraken Futures PF_SNDKUSD	−0.0259%	1h	1,770.5	−0.093%	$168K	$383K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,771.9	−0.017%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,770.6	−0.087%	$1.4M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.2	−0.001%	$21.6M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.9	−0.016%	$282.8M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.6	−0.032%	$31.9M	$107.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772	−0.010%	$82.0M	$842.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.4	−0.042%	$182.5M	$218.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.6	−0.035%	$48.1M	$172.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.1	−0.058%	$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	1,773.1	+0.052%	$276K	$188K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,771.7	−0.027%	$15K	$288K	10x
SunX SNDK-USDT	0.0000%	8h	1,771.2	−0.058%	$685	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,770.9	−0.072%	$19K	$431K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.6	−0.091%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,772.2	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0019%	1h	1,772.8	+0.037%	$677	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.7	−0.027%	$1.3M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.4	−0.046%	$397K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.568%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.2	−0.110%	$269K	$1.4M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,771.6	−0.034%	$331K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.2	−0.055%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.1	−0.061%	$243K	$699K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.2	−0.055%	$121.6M	$153.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,772.2	+0.001%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.6	−0.089%	$187K	$115K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.3	−0.051%	$727K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.6	−0.033%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0053%	8h	1,771.1	−0.060%	—	—	5x	as long as short
edgeX SNDKUSDC	+0.0064%	4h	1,773.4	+0.067%	$563K	$340K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.4	−0.046%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.4	−0.041%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,771.8	−0.019%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	+0.038%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.4	−0.046%	$8K	$3K	20x	as long as short
GRVT SNDK_USDT_Perp	+0.0148%	8h	1,773.8	+0.093%	$28K	$2.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,772.5	+0.019%	$445K	$2.2M	10x	as long as short
Lighter SNDK	+0.0176%	1h	1,772.2	+0.001%	$1.8M	$16.7M	20x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,771.9	−0.018%	$146K	$1.5M	20x	as long as short