Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: OKX against Phoenix−0.006%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Phoenix Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.006%, 7d avg −0.020%

Together, before fees+0.448%+$45 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,762.4	0	get 0.0000% / 1h	34m 56s	$275K	$193K	15x
Short	OKX SNDK-USDT-SWAP	1,762.3	0	get 0.0000% / 8h	34m 56s	$82.4M	$834.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Phoenix. 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 PhoenixbpFee OKXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.020%: $1.41
Slippage, 4 orders: −$18.99
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.58
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Phoenix: live order book, 66 min ago; OKX: 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 Phoenix live order book, 66 min ago	3.98 bp	12.7 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.28 bp	5.3 bp −$5	6.0 bp −$60	12.8 bp −$1,276	69.6 bp −$34.8K

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
Bitget SNDKUSDT	−0.0274%	8h	1,762.3	−0.005%	$48.4M	$166.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	−0.015%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0017%	1h	1,762.1	−0.015%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,761.4	−0.059%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.5	−0.052%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.6	+0.011%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762	−0.021%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.5	+0.004%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,762.3	−0.006%	$82.4M	$834.1M	75x
RISEx SNDK/USDC	0.0000%	1h	1,762.6	+0.013%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.3	−0.003%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.076%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.4	+0.002%	$16K	$2.1M	10x	as long as short
Phoenix SNDKlong	0.0000%	1h	1,762.4	long leg	$275K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,761.1	−0.076%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.1	−0.072%	$923	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761	−0.080%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761	−0.079%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.2	−0.011%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,762.1	−0.014%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.5	−0.163%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.3	−0.006%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.8	−0.033%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.5	+0.005%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.131%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.1	−0.075%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.1	−0.074%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.6	+0.011%	$119.5M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762	−0.023%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760	−0.136%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.6	−0.048%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.7	−0.040%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.7	−0.040%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761	−0.079%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.9	−0.027%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.2	−0.013%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.8	−0.090%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.001%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,761.9	−0.029%	$127K	$339K	20x	as long as short
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	−0.032%	$560K	$351K	10x	as long as short