Funding you earn now, next payment 10:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.020%
Price spread now: Bullet against Coinbase International−0.083%7-day average −0.015% · 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−$36as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.083%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bullet is 0.068% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,776.1 | 0.0152 | pay 0.0019% / 1h | 52m 01s | $448K | $2.2M | 10x |
| Short | Bullet SNDK-USD | 1,774.6 | 0 | get 0.0000% / 1h | 52m 01s | $15K | $287K | 10x |
Coinbase International SNDK-PERP-INTX
Bullet SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.92
- Price spread: −0.083% → −0.015%
- −$6.8
- Slippage, 4 orders
- −$11.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$67.97
- Costs to cover
- 0.292%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Bullet: live order book, 60 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 Coinbase International live order book, 5 min ago | 3.01 bp | 8.0 bp −$8 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 60 min ago | 0.57 bp | 6.3 bp −$6 | 20.6 bp −$206 | doesn't fit | doesn't fit |
SNDK on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SNDKUSD | −0.0258% | 1h | 1,773.2 | −0.162% | $168K | $385K | 20x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,775.5 | −0.033% | $4.0M | $4.7M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0060% | 1h | 1,773.7 | −0.134% | $23K | $421K | 10x | as long as short |
| QFEX SNDK-USD | −0.0001% | 1h | 1,772.9 | −0.178% | $1.4M | $9.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,774.9 | −0.069% | $21.6M | $32.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,774.3 | −0.099% | $282.9M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,774.7 | −0.081% | $31.5M | $106.7M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,774.2 | −0.106% | $82.6M | $841.9M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,774.5 | −0.088% | $182.3M | $218.3M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,774.7 | −0.079% | $49.9M | $171.2M | 75x | as long as short |
Kraken Futures PF_SNDKUSD
BloFin SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,774.1 | −0.111% | $2.7M | $4.8M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,774 | −0.117% | $276K | $188K | 15x | as long as short |
| Bullet SNDK-USDshort | 0.0000% | 1h | 1,774.6 | −0.083% | $15K | $287K | 10x | |
| SunX SNDK-USDT | 0.0000% | 8h | 1,774 | −0.115% | $848 | $3.1M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,773.9 | −0.122% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,775.4 | −0.038% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0018% | 1h | 1,774.4 | −0.093% | $684 | $38K | 5x | as long as short |
| Nado SNDK-PERP | +0.0031% | 1h | 1,774.7 | −0.076% | $331K | $1.5M | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,775.2 | −0.048% | $1.3M | $9.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,774 | −0.119% | $432K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.345% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,772.9 | −0.181% | $271K | $1.3M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,774.3 | −0.098% | — | $574K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,773.4 | −0.151% | $244K | $700K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,774.6 | −0.083% | $121.7M | $152.8M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,774.3 | −0.100% | $4.5M | $19.1M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,773.5 | −0.145% | $187K | $130K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,774.6 | −0.086% | $728K | $525K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,774.3 | −0.100% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0053% | 8h | 1,774.4 | −0.092% | — | — | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,774.1 | −0.111% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,774.1 | −0.112% | $199K | $305K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,773.9 | −0.124% | $6.1M | $23.1M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,774.3 | −0.100% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,773.7 | −0.132% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0152% | 1h | 1,776.1 | long leg | $448K | $2.2M | 10x | |
| GRVT SNDK_USDT_Perp | +0.0171% | 8h | 1,775.2 | −0.048% | $22K | $2.4M | 10x | as long as short |
| Lighter SNDK | +0.0208% | 1h | 1,775.9 | −0.008% | $1.9M | $16.7M | 20x | as long as short |
| edgeX SNDKUSDC | +0.0739% | 4h | 1,772.7 | −0.190% | $563K | $338K | 10x | as long as short |
| RISEx SNDK/USDC | +0.0898% | 1h | 1,774.8 | −0.070% | $146K | $1.5M | 20x | as long as short |
Variational Omni SNDK
Phoenix SNDK
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Nado SNDK-PERP
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
GRVT SNDK_USDT_Perp
Lighter SNDK
edgeX SNDKUSDC
RISEx SNDK/USDC