Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.020%

Price spread now: Gate against Coinbase International−0.024%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.024%, 7d avg −0.024%

Together, before fees−0.124%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,774.3	0.0056	pay 0.0007% / 1h	29m 49s	$441K	$2.4M	10x
Short	Gate SNDK_USDT	1,773.9	0	get 0.0000% / 8h	1h 29m	$183.3M	$241.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: −$11.76
Price spread: −0.024% → −0.024%: −$0.06
Slippage, 4 orders: −$9.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.68
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	1.55 bp	6.7 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.54 bp	11.3 bp −$11	18.1 bp −$181	38.9 bp −$3,892	63.8 bp −$31.9K

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	1,773.4	−0.054%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.3	−0.057%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	−0.027%	$21.9M	$42.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.8	−0.027%	$286.2M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.1	−0.011%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.3	−0.001%	$87.7M	$842.7M	75x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,773.9	−0.024%	$183.3M	$241.5M	75x
Bitget SNDKUSDT	0.0000%	8h	1,774.2	−0.005%	$49.6M	$169.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773	−0.074%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.3	−0.111%	$21K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,773.7	−0.034%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.7	−0.034%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.6	−0.040%	$791	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.6	−0.038%	$49K	$253K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.1	−0.069%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.8	−0.027%	$2.8M	$973K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.3	−0.057%	$717	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774.2	−0.004%	$167K	$1.8M	20x	as long as short
Entropy io:SNDK	+0.0016%	1h	1,772.7	−0.091%	$4.5M	$20.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.4	+0.005%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.9	−0.025%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.5	−0.047%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.446%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773	−0.076%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772.8	−0.085%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.7	−0.034%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.7	−0.034%	$113.0M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.4	−0.051%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.6	−0.041%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.4	−0.053%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.7	−0.091%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0056%	1h	1,774.3	long leg	$441K	$2.4M	10x
Nado SNDK-PERP	+0.0070%	1h	1,773.7	−0.037%	$321K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.4	−0.051%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.2	−0.062%	$213K	$290K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773	−0.074%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	−0.081%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.9	−0.077%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.3	0.000%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,773.2	−0.063%	$563K	$355K	10x	as long as short