Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.020%

Price spread now: Coinbase International against Binance+0.057%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 2 days (all we have)−0.050%−$5 · spread now +0.057%, 7d avg +0.026%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.031% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,786.1	0	get 0.0000% / 8h	7h 36m	$285.2M	$1.84B	75x
Short	Coinbase International SNDK-PERP-INTX	1,787.1	0.0128	get 0.0016% / 1h	36m 02s	$442K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.057%Rate

Funding earned: $26.88
Price spread: +0.057% → +0.026%: $3.09
Slippage, 4 orders: −$6.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.07
Costs to cover: 0.269%
Break-even: 6.2 days

Slippage from Binance: live order book, 8 min ago; Coinbase International: live order book, 3 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 Binance live order book, 8 min ago	0.03 bp	5.9 bp −$6	6.7 bp −$67	14.2 bp −$1,417	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.65 bp	6.8 bp −$7	12.2 bp −$122	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	1,787	+0.050%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0103%	1h	1,786.2	+0.008%	$50K	$313K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.5	+0.026%	$21.8M	$45.1M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,786.1	long leg	$285.2M	$1.84B	75x
Bybit SNDKUSDT	0.0000%	8h	1,786.6	+0.029%	$32.1M	$100.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.2	+0.008%	$86.2M	$834.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.1	+0.004%	$183.1M	$234.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786	−0.006%	$47.5M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.039%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.7	+0.037%	$10K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,786.5	+0.025%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	−0.006%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.6	−0.080%	$1K	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	+0.027%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786	−0.005%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,786.2	+0.008%	$2.1M	$20.2M	10x	as long as short
Nado SNDK-PERP	+0.0003%	1h	1,787.2	+0.061%	$348K	$1.4M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,787.3	+0.072%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,787.3	+0.069%	$683	$37K	5x	as long as short
edgeX SNDKUSDC	+0.0026%	4h	1,786.9	+0.048%	$567K	$354K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.3	+0.068%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.8	+0.039%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.7	+0.036%	$430K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.778%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786	−0.006%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.009%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	+0.002%	$245K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,786.2	+0.008%	$114.8M	$147.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.1	+0.002%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.9	−0.009%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.7	+0.035%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.7	−0.020%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.7	−0.022%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.3	+0.012%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	−0.007%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.7	+0.034%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.8	−0.013%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0128%	1h	1,787.1	+0.057%	$442K	$2.3M	10x
SoDEX SNDK-USD	+0.0186%	1h	1,786	−0.006%	$730K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0661%	1h	1,786.5	+0.025%	$130K	$378K	20x	as long as short