Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Phemex−0.005%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as 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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.005%, 7d avg −0.018%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,777.2	0	get 0.0000% / 8h	6h 00m	$2.8M	$1.1M	50x
Short	OKX SNDK-USDT-SWAP	1,777.1	0	get 0.0000% / 8h	6h 00m	$82.7M	$844.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.018%: $1.3
Slippage, 4 orders: −$35.01
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.71
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; OKX: 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	0.54 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.28 bp	5.3 bp −$5	5.9 bp −$59	10.4 bp −$1,043	67.4 bp −$33.7K

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
BloFin SNDK-USDT	−0.0120%	8h	1,777	−0.012%	$4.0M	$4.7M	75x	as long as short
Nado SNDK-PERP	−0.0004%	1h	1,776.6	−0.033%	$337K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776.3	−0.049%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777	−0.008%	$283.5M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,777.2	+0.003%	$31.6M	$106.9M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,777.1	−0.005%	$82.7M	$844.8M	75x
RISEx SNDK/USDC	0.0000%	1h	1,777.1	−0.004%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,776.9	−0.017%	$182.5M	$222.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777	−0.012%	$49.7M	$172.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,775.8	−0.076%	$2.7M	$4.8M	—	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	1,776.5	−0.038%	$277K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.9	+0.040%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.7	+0.028%	$857	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,776.9	−0.015%	$34K	$395K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,776.9	−0.018%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,777.2	long leg	$2.8M	$1.1M	50x
QFEX SNDK-USD	0.0000%	1h	1,777	−0.011%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,775.4	−0.098%	$687	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.5	+0.017%	$1.2M	$9.8M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,776.5	−0.038%	$396K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.282%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,776.4	−0.044%	$272K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.8	+0.034%	—	$573K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,777.7	+0.029%	$248K	$696K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.1	−0.005%	$121.6M	$153.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,775.5	−0.095%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,776.8	−0.021%	$187K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,775.3	−0.106%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0054%	8h	1,776.4	−0.042%	—	—	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,778	+0.044%	$1.8M	$17.0M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.3	+0.005%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777	−0.012%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,776	−0.066%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,775.1	−0.115%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.8	−0.024%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,777.7	+0.028%	$450K	$2.2M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0153%	8h	1,778.5	+0.072%	$27K	$2.4M	10x	as long as short
SoDEX SNDK-USD	+0.0337%	1h	1,777.6	+0.021%	$729K	$525K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0548%	1h	1,776.6	−0.031%	$167K	$385K	20x	as long as short
edgeX SNDKUSDC	+0.0966%	4h	1,777.8	+0.036%	$565K	$339K	10x	as long as short