Funding you earn now, next payment 08:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.016%
Price spread now: Bybit against Coinbase International−0.089%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.089%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.090% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,755.9 | 0.0112 | pay 0.0014% / 1h | 46m 56s | $426K | $2.1M | 10x |
| Short | Bybit SNDKUSDT | 1,754.3 | 0 | get 0.0000% / 8h | 7h 46m | $31.5M | $103.6M | 100x |
Coinbase International SNDK-PERP-INTX
Bybit SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$23.52
- Price spread: −0.089% → +0.001%
- −$8.99
- Slippage, 4 orders
- −$13.76
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.27
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Bybit: 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 Coinbase International live order book, 2 min ago | 1.99 bp | 9.9 bp −$10 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.74 bp | 8.5 bp −$8 | 13.9 bp −$139 | 32.4 bp −$3,239 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | −0.0516% | 8h | 1,756.1 | +0.013% | $23K | $2.2M | 10x | as long as short |
| HTX SNDK-USDT | −0.0455% | 8h | 1,754.1 | −0.101% | $1.4M | $10.5M | 50x | as long as short |
| Bitget SNDKUSDT | −0.0241% | 8h | 1,753.6 | −0.130% | $49.3M | $166.4M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0132% | 1h | 1,754.7 | −0.068% | $50K | $359K | 10x | as long as short |
| Entropy io:SNDK | −0.0123% | 1h | 1,755.9 | +0.001% | $4.6M | $19.4M | 10x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,754.5 | −0.078% | $3.9M | $4.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0082% | 1h | 1,755.9 | −0.001% | $333K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0021% | 8h | 1,755.4 | −0.027% | $6.0M | $22.5M | 20x | as long as short |
| QFEX SNDK-USD | −0.0002% | 1h | 1,754.7 | −0.067% | $1.4M | $9.7M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,755.9 | +0.002% | $21.4M | $32.7M | 20x | as long as short |
GRVT SNDK_USDT_Perp
HTX SNDK-USDT
Bitget SNDKUSDT
Deribit SNDK_USDC-PERPETUAL
Entropy io:SNDK
BloFin SNDK-USDT
Nado SNDK-PERP
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1Show all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SNDKUSDT | 0.0000% | 8h | 1,753.9 | −0.115% | $280.3M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDTshort | 0.0000% | 8h | 1,754.3 | −0.089% | $31.5M | $103.6M | 100x | |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,754.4 | −0.084% | $82.3M | $823.6M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,756 | +0.006% | $136K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,753.7 | −0.122% | $178.6M | $217.0M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,758.7 | +0.163% | $2.5M | $4.8M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,754.7 | −0.067% | $273K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,754.4 | −0.084% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,754.9 | −0.054% | $835 | $3.4M | 20x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,754.4 | −0.086% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0011% | 1h | 1,752.6 | −0.187% | — | $570K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,756.6 | +0.043% | $671 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,755.3 | −0.035% | $1.7M | $16.3M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,754.9 | −0.056% | $1.2M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,755.3 | −0.035% | $452K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.510% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,754.3 | −0.089% | $255K | $1.5M | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0046% | 8h | 1,755.7 | −0.008% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,754.6 | −0.073% | $241K | $628K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,755.2 | −0.039% | $119.4M | $157.1M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,755.4 | −0.027% | $184K | $127K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,754.8 | −0.063% | $718K | $521K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,755.7 | −0.010% | $1.3M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,754.5 | −0.078% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,755.7 | −0.012% | $197K | $310K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,757.3 | +0.082% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,754.9 | −0.056% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0112% | 1h | 1,755.9 | long leg | $426K | $2.1M | 10x | |
| Kraken Futures PF_SNDKUSD | +0.0285% | 1h | 1,754.8 | −0.059% | $128K | $344K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0855% | 4h | 1,755.1 | −0.043% | $558K | $351K | 10x | as long as short |
Binance SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDK
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Paradex SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC