Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.033%

Price spread now: QFEX against Binance−0.034%7-day average +0.001% · 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−$27as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 2 days (all we have)+0.026%+$3 · spread now −0.034%, 7d avg +0.001%

Together, before fees−0.010%−$1 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: QFEX is 0.035% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,774.4	0	get 0.0000% / 8h	1h 14m	$285.4M	$1.88B	75x
Short	QFEX SNDK-USD	1,773.8	−0.0007	pay 0.0001% / 1h	14m 25s	$2.2M	$21.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$1.55
Price spread: −0.034% → +0.001%: −$3.55
Slippage, 4 orders: −$3.93
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.02
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; QFEX: live order book, 5 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, 15 min ago	0.03 bp	5.0 bp −$5	6.1 bp −$61	15.9 bp −$1,594	doesn't fit
Sell QFEX live order book, 5 min ago	1.27 bp	6.3 bp −$6	6.4 bp −$64	10.3 bp −$1,028	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	1,774.2	−0.010%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0065%	1h	1,773.4	−0.054%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USDshort	−0.0007%	1h	1,773.8	−0.034%	$2.2M	$21.8M	10x
Aster SNDKUSD1	0.0000%	8h	1,774.8	+0.022%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,774.4	long leg	$285.4M	$1.88B	75x
Bybit SNDKUSDT	0.0000%	8h	1,774.4	+0.005%	$31.8M	$105.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.6	+0.014%	$87.4M	$842.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.3	−0.003%	$183.4M	$241.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.4	+0.003%	$49.6M	$169.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.4	−0.055%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773.4	−0.054%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.6	−0.043%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.4	0.000%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.3	−0.003%	$896	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,774.4	−0.001%	$49K	$260K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.8	−0.032%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,774.3	−0.004%	$2.8M	$984K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.9	−0.026%	$683	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.1	+0.041%	$173K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.7	+0.021%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.2	−0.008%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.7	−0.036%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.443%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.5	−0.049%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.3	−0.060%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.2	−0.009%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.9	−0.026%	$113.0M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.9	−0.026%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.8	−0.029%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.8	−0.032%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774.1	−0.015%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.8	+0.024%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.9	−0.026%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0098%	1h	1,774.2	−0.010%	$386K	$1.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.2	−0.011%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.4	−0.054%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,774.3	−0.003%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.3	−0.059%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.5	+0.010%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0557%	4h	1,773.1	−0.073%	$563K	$356K	10x	as long as short