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 +0.013%

Price spread now: Coinbase International against Bybit−0.092%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.092%, 7d avg 0.000%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.092% cheaper against Bybit than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of 0.000%). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.033% in total) that is about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,787.5	0	get 0.0000% / 8h	7h 31m	$32.0M	$100.3M	100x
Short	Coinbase International SNDK-PERP-INTX	1,785.8	0.0128	get 0.0016% / 1h	31m 34s	$441K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.092%Rate

Funding earned: $26.88
Price spread: −0.092% → 0.000%: −$9.19
Slippage, 4 orders: −$12.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.84
Costs to cover: 0.335%
Break-even: 11.1 days

Slippage from Bybit: live order book, 2 min ago; Coinbase International: 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 Bybit live order book, 2 min ago	0.42 bp	8.3 bp −$8	11.3 bp −$113	38.7 bp −$3,872	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.10 bp	8.0 bp −$8	12.2 bp −$122	50.1 bp −$5,009	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	1,783.4	−0.225%	$4.0M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	−0.064%	$21.8M	$44.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.9	−0.029%	$285.5M	$1.84B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,787.5	long leg	$32.0M	$100.3M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.4	−0.003%	$86.1M	$834.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.8	−0.035%	$182.7M	$234.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.6	−0.050%	$47.4M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.116%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.5	−0.219%	$10K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.5	−0.053%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,786.4	−0.059%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	−0.132%	$951	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.4	−0.061%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786	−0.080%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.9	−0.031%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,786.7	−0.043%	$2.1M	$19.9M	10x	as long as short
Nado SNDK-PERP	+0.0003%	1h	1,785.6	−0.102%	$345K	$1.4M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,787.8	+0.021%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,785.8	−0.091%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.9	+0.023%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.2	−0.015%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787	−0.025%	$432K	$1.5M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.700%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.6	−0.159%	$300K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.4	−0.173%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787.2	−0.014%	$245K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,786.8	−0.036%	$114.9M	$148.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785.3	−0.120%	$4.9M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.6	−0.103%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,787	−0.027%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	−0.148%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	−0.059%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0086%	1h	1,784.4	−0.171%	$729K	$515K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.5	−0.053%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	−0.088%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.7	−0.208%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.4	−0.115%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0128%	1h	1,785.8	−0.092%	$441K	$2.3M	10x
edgeX SNDKUSDC	+0.0575%	4h	1,785.2	−0.123%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0661%	1h	1,787.1	−0.017%	$130K	$379K	20x	as long as short