Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.012%

Price spread now: Vest against Phemex−0.064%45s7-day average +0.668% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.064%, 7d avg +0.668%

Together, before fees+0.170%+ Points / potential airdropVest: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.732% cheaper against Phemex than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.668%). If the spread goes back, that is −$73 on $10k: about 53 days of funding at the current rate (+$1 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,755	0	get 0.0000% / 8h	4h 07m	$2.8M	$1.2M	50x
Short	Vest SNDK-USD-PERP	1,753.9	0.0046	get 0.0006% / 1h	7m 29s	—	$557K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now −0.064%Rate

Funding earned: $9.59
Price spread: −0.064% → +0.668%: −$73.19
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$77.6
Costs to cover: 0.140%
Break-even: 63.6 days

Slippage unknown: Phemex: live order book, 4 min ago; Vest: no order-book sample. Net counts fees only.

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	2.85 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_SNDKUSD	−0.0127%	1h	1,753.8	−0.069%	$165K	$375K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,754.8	−0.009%	$3.9M	$4.7M	75x	as long as short
Entropy io:SNDK	−0.0104%	1h	1,755.2	+0.013%	$4.4M	$19.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,754.9	−0.002%	$21.4M	$32.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,755.4	+0.026%	$269.6M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,755.3	+0.017%	$31.4M	$106.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,755.5	+0.030%	$79.9M	$831.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,756.3	+0.073%	$145K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,755.5	+0.030%	$180.8M	$213.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,755.6	+0.034%	$48.1M	$169.4M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,755.3	+0.020%	$2.7M	$4.3M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,755.9	+0.054%	$23K	$2.7M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,755.2	+0.010%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,754.7	−0.014%	$860	$3.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,754.4	−0.034%	$21K	$472K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,753.5	−0.086%	$1.5M	$9.8M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,755	long leg	$2.8M	$1.2M	50x
QFEX SNDK-USD	+0.0004%	1h	1,755	0.000%	$1.4M	$9.1M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0024%	1h	1,756.3	+0.075%	$671	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,755.3	+0.019%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,755	+0.001%	$416K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.563%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,754.3	−0.041%	$250K	$1.4M	10x	as long as short
Phoenix SNDK	+0.0045%	1h	1,756.1	+0.064%	$274K	$178K	15x	as long as short
Vest SNDK-USD-PERPshort	+0.0046%	1h	1,753.9	−0.064%	—	$557K	10x
Nado SNDK-PERP	+0.0046%	1h	1,755.4	+0.023%	$319K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.2	+0.013%	$242K	$694K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,755.2	+0.013%	$122.4M	$146.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,755.4	+0.024%	$206K	$184K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,754.6	−0.023%	$719K	$530K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,754.8	−0.012%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,753.6	−0.079%	$1.5M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,754.3	−0.042%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,755.3	+0.018%	$192K	$313K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,755.8	+0.044%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.8	+0.045%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,754.6	−0.022%	$7K	$8K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,756.1	+0.061%	$1.9M	$16.7M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,759	+0.228%	$440K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0318%	4h	1,754.9	−0.004%	$558K	$337K	10x	as long as short