Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Phemex−0.021%7-day average −0.024% · 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−$76as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on Phemex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.021%, 7d avg −0.024%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,790.6	0	get 0.0000% / 8h	4h 11m	$2.8M	$1.1M	50x
Short	SoDEX SNDK-USD	1,790.2	0.0050	get 0.0006% / 1h	11m 12s	$732K	$514K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $10.5
Price spread: −0.021% → −0.024%: $0.35
Slippage, 4 orders: −$56.75
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$65.9
Costs to cover: 0.767%
Break-even: 50.9 days

Slippage from Phemex: live order book, 2 min ago; SoDEX: live order book, 48 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	3.74 bp	34.1 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 48 min ago	0.03 bp	7.6 bp −$8	38.5 bp −$385	doesn't fit	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	1,790.8	+0.012%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	−0.037%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0073%	1h	1,790.8	+0.015%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,789.9	−0.037%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.4	−0.012%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,791.2	+0.034%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0017%	8h	1,789.7	−0.050%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	+0.004%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.8	+0.014%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	+0.033%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.7	+0.008%	$84.1M	$827.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.4	+0.046%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.8	+0.012%	$180.4M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.5	−0.003%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	−0.021%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.053%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.5	−0.003%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.2	−0.075%	$734	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.6	+0.002%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	−0.028%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,790.6	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.6	0.000%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.6	+0.058%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791	+0.022%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.4	−0.007%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.525%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.7	−0.102%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,791.2	+0.036%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.2	−0.020%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.6	+0.002%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.2	−0.022%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.2	+0.036%	$118.0M	$148.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.2	−0.020%	$188K	$128K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,790.2	−0.021%	$732K	$514K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	−0.026%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	−0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.5	−0.004%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.051%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790	−0.029%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.084%	$568K	$353K	10x	as long as short