Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRnext payment −$0.14 per $10,000 · paid last 24h −0.019%
Price spread now: QFEX against Coinbase International−0.066%7-day average −0.025% · 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−$34as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 4 days (all we have)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.066%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.041% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,746.7 | 0.0112 | pay 0.0014% / 1h | 30m 56s | $427K | $2.1M | 10x |
| Short | QFEX SNDK-USD | 1,745.6 | −0.0002 | pay 0.0000% / 1h | 30m 56s | $1.4M | $9.6M | 10x |
Coinbase International SNDK-PERP-INTX
QFEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$23.97
- Price spread: −0.066% → −0.025%
- −$4.11
- Slippage, 4 orders
- −$10.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$58.19
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; QFEX: live order book, 8 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, 3 min ago | 2.46 bp | 8.8 bp −$9 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 0.89 bp | 6.6 bp −$7 | 7.2 bp −$72 | 11.6 bp −$1,163 | 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 | −0.0530% | 8h | 1,749.5 | +0.160% | $21K | $2.2M | 10x | as long as short |
| HTX SNDK-USDT | −0.0345% | 8h | 1,745.9 | −0.048% | $1.4M | $10.6M | 50x | as long as short |
| Bitget SNDKUSDT | −0.0243% | 8h | 1,743.5 | −0.185% | $49.5M | $167.8M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,745.1 | −0.092% | $4.0M | $4.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0066% | 1h | 1,744.9 | −0.108% | $330K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0046% | 8h | 1,745 | −0.100% | $6.0M | $22.6M | 20x | as long as short |
| QFEX SNDK-USDshort | −0.0002% | 1h | 1,745.6 | −0.066% | $1.4M | $9.6M | 10x | |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,746 | −0.041% | $21.3M | $32.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,743.8 | −0.170% | $279.2M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,744 | −0.157% | $31.6M | $104.6M | 100x | as long as short |
GRVT SNDK_USDT_Perp
HTX SNDK-USDT
Bitget SNDKUSDT
BloFin SNDK-USDT
Nado SNDK-PERP
KuCoin SNDKUSDTM
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,743.4 | −0.191% | $81.6M | $821.3M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,746.6 | −0.007% | $135K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,744.7 | −0.118% | $178.3M | $218.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,748.8 | +0.119% | $2.5M | $4.8M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,749 | +0.129% | $272K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,745.5 | −0.071% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,746.1 | −0.038% | $860 | $3.3M | 20x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,746.2 | −0.031% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0006% | 1h | 1,743.2 | −0.201% | — | $580K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,748.9 | +0.123% | $765 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,744.6 | −0.125% | $1.7M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,744.2 | −0.145% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,743 | −0.213% | $444K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +3.047% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,744.9 | −0.106% | $249K | $1.5M | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0047% | 8h | 1,744.2 | −0.147% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,746.3 | −0.025% | $240K | $655K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,744.1 | −0.151% | $118.3M | $159.1M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,746.8 | +0.003% | $4.5M | $19.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,746 | −0.042% | $183K | $127K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,744.7 | −0.119% | $713K | $521K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,745.2 | −0.088% | $1.3M | $5.2M | 5x | as long as short |
| edgeX SNDKUSDC | +0.0076% | 4h | 1,747.8 | +0.058% | $555K | $351K | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,744.4 | −0.134% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,745 | −0.099% | $196K | $310K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,748.4 | +0.096% | $67K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,745.4 | −0.076% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0112% | 1h | 1,746.7 | long leg | $427K | $2.1M | 10x | |
| Deribit SNDK_USDC-PERPETUAL | +0.0192% | 1h | 1,744.8 | −0.113% | $50K | $360K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0286% | 1h | 1,745.6 | −0.068% | $127K | $346K | 20x | as long as short |
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
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
edgeX SNDKUSDC
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Deribit SNDK_USDC-PERPETUAL
Kraken Futures PF_SNDKUSD