Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: QFEX against Phemex−0.003%7-day average −0.019% · 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−$69as in the Price arb table

costs, in and out, $10k−$700.705% of the position

Long on Phemex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.003%, 7d avg −0.019%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,770.1	0	get 0.0000% / 8h	6h 12m	$2.8M	$1.1M	50x
Short	QFEX SNDK-USD	1,770	0.0000	get 0.0000% / 1h	12m 26s	$1.4M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0.08
Price spread: −0.003% → −0.019%: $1.54
Slippage, 4 orders: −$48.46
Fee Phemex: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$68.83
Costs to cover: 0.705%
Break-even: 5743.0 days

Slippage from Phemex: live order book, 4 min ago; QFEX: live order book, 5 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, 4 min ago	1.50 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	0.76 bp	6.5 bp −$6	6.5 bp −$65	10.8 bp −$1,078	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
BloFin SNDK-USDT	−0.0120%	8h	1,770.2	+0.004%	$4.0M	$4.7M	75x	as long as short
Nado SNDK-PERP	−0.0013%	1h	1,770.3	+0.013%	$335K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0001%	8h	1,770.1	0.000%	$49.7M	$168.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.1	+0.055%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.4	+0.015%	$281.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.5	+0.023%	$31.4M	$105.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.7	−0.022%	$82.5M	$832.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,771.2	+0.062%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.9	−0.010%	$181.7M	$219.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.1	−0.167%	$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	1,768.6	−0.084%	$275K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.1	+0.001%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.1	−0.002%	$637	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.2	−0.051%	$37K	$388K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.7	−0.025%	$1.4M	$9.7M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,770.1	long leg	$2.8M	$1.1M	50x
QFEX SNDK-USDshort	0.0000%	1h	1,770	−0.003%	$1.4M	$9.4M	10x
Aftermath Perps SNDKUSD	+0.0015%	1h	1,765.9	−0.236%	$675	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.9	−0.009%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.3	−0.046%	$396K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.687%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,769.7	−0.020%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.1	+0.003%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.4	+0.018%	$246K	$682K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.2	+0.006%	$120.8M	$155.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.1	−0.112%	$4.6M	$19.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770	−0.005%	$187K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.2	−0.050%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769.5	−0.031%	—	—	5x	as long as short
Lighter SNDK	+0.0056%	1h	1,770.7	+0.033%	$1.8M	$16.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770	−0.007%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769.6	−0.026%	$198K	$306K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,769.9	−0.012%	$6.1M	$22.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.3	−0.329%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.4	+0.017%	$8K	$3K	20x	as long as short
GRVT SNDK_USDT_Perp	+0.0119%	8h	1,765.5	−0.257%	$22K	$2.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,771.3	+0.069%	$442K	$2.1M	10x	as long as short
SoDEX SNDK-USD	+0.0144%	1h	1,769.5	−0.031%	$726K	$523K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0550%	1h	1,769.7	−0.023%	$160K	$382K	20x	as long as short
edgeX SNDKUSDC	+0.0789%	4h	1,767.1	−0.168%	$561K	$340K	10x	as long as short