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 0.000%

Price spread now: Gate against Phemex−0.033%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.033%, 7d avg −0.020%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,757.1	0	get 0.0000% / 8h	2h 25m	$2.8M	$1.1M	50x
Short	Gate SNDK_USDT	1,756.5	0	get 0.0000% / 8h	2h 25m	$175.0M	$230.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.020%: −$1.35
Slippage, 4 orders: −$42.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Gate: 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, 3 min ago	2.34 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.51 bp	12.2 bp −$12	22.8 bp −$228	34.5 bp −$3,451	58.5 bp −$29.3K

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	−0.0294%	8h	1,756.9	−0.013%	$44.8M	$163.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,756.3	−0.047%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,756.2	−0.052%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0004%	1h	1,756.7	−0.022%	$4.7M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,754.4	−0.156%	$1.4M	$10.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,757.3	+0.011%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,756.7	−0.023%	$279.1M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,757.1	+0.001%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,757.5	+0.023%	$81.7M	$826.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,756	−0.059%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTshort	0.0000%	8h	1,756.5	−0.033%	$175.0M	$230.7M	75x
Variational Omni SNDK	0.0000%	8h	1,756.4	−0.038%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.064%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.4	+0.188%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,757	−0.007%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,756.3	−0.043%	$687	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,757.5	+0.024%	$50K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,756.3	−0.046%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,757.1	long leg	$2.8M	$1.1M	50x
Nado SNDK-PERP	+0.0002%	1h	1,755.2	−0.107%	$326K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,753.1	−0.229%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,758.3	+0.068%	$654	$38K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,755.2	−0.106%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,756.9	−0.010%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,756	−0.062%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.440%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.4	−0.038%	$261K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.7	−0.079%	$242K	$657K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,754.3	−0.159%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,756.7	−0.022%	$117.2M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,755.4	−0.096%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,755.5	−0.093%	$718K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,755.5	−0.090%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,757.8	+0.038%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.104%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,756.6	−0.030%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.4	+0.130%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,756.4	−0.042%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,757	−0.007%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0717%	4h	1,759.4	+0.132%	$559K	$354K	10x	as long as short