Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%

Price spread now: Phoenix against SunX+0.108%69s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.872% of the position

Long on SunX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.108%, 7d avg +0.055%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.054% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.055%. The two prices were read 69 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	SunX SNDK-USDT	1,769.8	0	get 0.0000% / 8h	2h 47m	$848	$3.5M	20x
Short	Phoenix SNDK	1,771.7	0	get 0.0000% / 1h	47m 53s	$276K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. 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 SunXbpFee PhoenixbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.055%: $5.38
Slippage, 4 orders: −$72.15
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$81.78
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Phoenix: live order book, 63 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 SunX live order book, 10 min ago	28.06 bp	32.1 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Phoenix live order book, 63 min ago	3.37 bp	11.5 bp −$12	25.0 bp −$250	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	1,770.4	+0.034%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,769.2	−0.034%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0023%	1h	1,771	+0.068%	$338K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0014%	8h	1,769.1	−0.037%	$44.6M	$162.8M	75x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,770.4	+0.037%	$1.4M	$11.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.9	+0.004%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.8	−0.056%	$279.4M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.1	−0.037%	$31.7M	$103.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.8	−0.055%	$82.5M	$830.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,771.5	+0.094%	$121K	$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	1,768.4	−0.076%	$177.7M	$228.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,772.2	+0.138%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.5	+0.155%	$22K	$1.7M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,771.7	+0.108%	$276K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,769.4	−0.021%	$15K	$285K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,769.8	long leg	$848	$3.5M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.5	−0.018%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.6	−0.008%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769.2	−0.031%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	0.0000%	1h	1,770.2	+0.024%	$4.8M	$19.8M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,770.7	+0.049%	$686	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,768.7	−0.063%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,770.4	+0.035%	$197K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.7	−0.006%	$1.3M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.8	−0.055%	$422K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.705%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.3	+0.029%	$263K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.1	+0.018%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.4	+0.037%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.1	−0.038%	$117.8M	$154.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.2	−0.033%	$185K	$132K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.3	+0.199%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,773.7	+0.223%	$435K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,769.2	−0.033%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.7	+0.163%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.7	−0.063%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,770.3	+0.032%	$1.8M	$15.8M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,770	+0.014%	$128K	$355K	20x	as long as short
SoDEX SNDK-USD	+0.0350%	1h	1,769.7	−0.007%	$723K	$513K	10x	as long as short
edgeX SNDKUSDC	+0.0742%	4h	1,771.1	+0.074%	$562K	$352K	10x	as long as short