Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.018%

Price spread now: Popdex against Binance−0.060%51s7-day average +0.013% · you buy dearer than you sell

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

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

costs, in and out, $10k−$180.185% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 2 days (all we have)+0.109%+$11 · spread now −0.060%, 7d avg +0.013%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.073% cheaper against Binance than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.013%). If the spread goes back, that is −$7 on $10k: about 5.1 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.012% in total) that is about 20 days. The two prices were read 51 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	Binance SNDKUSDT	1,769.8	0	get 0.0000% / 8h	2h 00m	$286.8M	$1.90B	75x
Short	Popdex SNDKUSDT	1,768.7	0.0048	get 0.0006% / 1h	0m 37s	$244K	$679K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.060%Rate

Funding earned: $10.08
Price spread: −0.060% → +0.013%: −$7.31
Slippage, 4 orders: −$2.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$15.7
Costs to cover: 0.185%
Break-even: 17.9 days

Slippage from Binance: live order book, 13 min ago; Popdex: live order book, 23 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, 13 min ago	0.03 bp	5.0 bp −$5	7.6 bp −$76	16.4 bp −$1,643	doesn't fit
Sell Popdex live order book, 23 min ago	0.85 bp	4.0 bp −$4	8.4 bp −$84	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	1,768.5	−0.074%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,769.2	−0.033%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.6	−0.066%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,768.3	−0.081%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.2	−0.031%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,769.8	long leg	$286.8M	$1.90B	75x
Bybit SNDKUSDT	0.0000%	8h	1,769.3	−0.029%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.9	+0.008%	$87.7M	$847.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.2	+0.027%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.8	+0.004%	$183.5M	$245.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,769.6	−0.007%	$49.6M	$171.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769	−0.042%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.8	−0.056%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.8	−0.055%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.2	−0.087%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.3	−0.025%	$49K	$233K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.6	−0.063%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.4	−0.079%	$2.8M	$951K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,769.5	−0.016%	$681	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,770.1	+0.021%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.8	+0.004%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.8	−0.055%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.706%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.4	−0.019%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,767.7	−0.115%	—	$670K	10x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,768.7	−0.060%	$244K	$679K	20x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.4	−0.020%	$112.0M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.5	−0.071%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.6	−0.066%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,768.6	−0.066%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.4	−0.020%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769.1	−0.035%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.2	−0.034%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0076%	1h	1,768.7	−0.063%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.8	−0.052%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769.4	−0.021%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.6	−0.063%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	−0.016%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.1	−0.096%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0228%	4h	1,768.8	−0.053%	$562K	$355K	10x	as long as short