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: SunX against Phemex−0.031%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1081.079% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.031%, 7d avg −0.050%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,786.6	0	get 0.0000% / 8h	6h 13m	$2.8M	$1.1M	50x
Short	SunX SNDK-USDT	1,786	0	get 0.0000% / 8h	6h 13m	$723	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.050%: $1.88
Slippage, 4 orders: −$87.9
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$106.03
Costs to cover: 1.079%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago	1.71 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	28.03 bp	32.0 bp −$32	61.6 bp −$616	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0186%	1h	1,786.7	+0.006%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	−0.062%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0036%	1h	1,786	−0.034%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0031%	1h	1,787.8	+0.068%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.4	−0.014%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0014%	1h	1,786.7	+0.006%	$114.5M	$146.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.7	+0.008%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.7	+0.007%	$286.0M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.3	+0.038%	$32.0M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.9	+0.017%	$85.5M	$829.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786.7	+0.006%	$180.9M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.6	+0.002%	$44.0M	$164.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.070%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	−0.129%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.9	+0.017%	$14K	$291K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,786	−0.031%	$723	$3.7M	20x
HTX SNDK-USDT	0.0000%	8h	1,786.5	−0.007%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,786.6	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786.4	−0.013%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.9	+0.071%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.4	+0.043%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.5	+0.051%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.748%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.4	−0.122%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.3	−0.018%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,786.2	−0.022%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	0.000%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.3	−0.017%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.3	−0.018%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786	−0.034%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	−0.010%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.094%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.5	−0.007%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	−0.040%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	−0.071%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.1	−0.030%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.4	+0.043%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.153%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.3	+0.040%	$170K	$1.8M	20x	as long as short