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: Phemex against QFEX+0.002%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on QFEX Short on Phemex

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)−0.035%−$3 · spread now +0.002%, 7d avg +0.019%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,771.3	0.0000	pay 0.0000% / 1h	9m 36s	$1.4M	$9.5M	10x
Short	Phemex SNDKUSDT	1,771.4	0	get 0.0000% / 8h	6h 09m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against QFEX. 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 QFEXbpFee PhemexbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$0.08
Price spread: +0.002% → +0.019%: −$1.65
Slippage, 4 orders: −$32.86
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$56.6
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Phemex: live order book, 2 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 QFEX live order book, 8 min ago	0.76 bp	5.8 bp −$6	6.2 bp −$62	9.6 bp −$963	doesn't fit
Sell Phemex live order book, 2 min ago	2.31 bp	13.6 bp −$14	doesn't fit	doesn't fit	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	1,771.6	+0.016%	$4.0M	$4.7M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0111%	1h	1,770.3	−0.059%	$36K	$392K	10x	as long as short
Nado SNDK-PERP	−0.0010%	1h	1,771.8	+0.025%	$335K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.1	+0.045%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.6	+0.017%	$282.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772	+0.034%	$31.4M	$105.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.1	+0.043%	$82.6M	$834.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,772.4	+0.060%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.7	+0.020%	$182.1M	$219.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.7	+0.018%	$49.8M	$168.4M	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	1,771.4	+0.002%	$2.7M	$4.7M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,768.6	−0.155%	$275K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.4	+0.003%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.2	−0.065%	$745	$3.1M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.4	−0.053%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,771.4	+0.002%	$2.8M	$1.1M	50x
QFEX SNDK-USDlong	0.0000%	1h	1,771.3	long leg	$1.4M	$9.5M	10x
Aftermath Perps SNDKUSD	+0.0016%	1h	1,767.9	−0.192%	$676	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.9	+0.029%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.3	−0.056%	$396K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.616%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771	−0.020%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.6	+0.017%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772	+0.037%	$246K	$682K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.5	+0.009%	$120.9M	$152.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.9	−0.081%	$4.6M	$19.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.8	−0.030%	$187K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.2	−0.121%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,771.2	−0.006%	—	—	5x	as long as short
Lighter SNDK	+0.0056%	1h	1,772.6	+0.072%	$1.8M	$16.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.6	−0.041%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.4	+0.003%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.5	−0.048%	$6.1M	$22.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.5	+0.006%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.1	−0.011%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,771.3	−0.001%	$442K	$2.1M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0137%	8h	1,772.1	+0.042%	$27K	$2.4M	10x	as long as short
SoDEX SNDK-USD	+0.0215%	1h	1,771.3	−0.003%	$727K	$523K	10x	as long as short
edgeX SNDKUSDC	+0.0286%	4h	1,771	−0.020%	$563K	$338K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0550%	1h	1,770.3	−0.056%	$160K	$382K	20x	as long as short