Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.018%

Price spread now: Binance against Popdex−0.019%7-day average −0.014% · 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−$18as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Popdex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 2 days (all we have)+0.017%+$2 · spread now −0.019%, 7d avg −0.014%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,778.4	0.0048	pay 0.0006% / 1h	22m 33s	$245K	$670K	20x
Short	Binance SNDKUSDT	1,778.1	0	get 0.0000% / 8h	22m 33s	$284.0M	$1.88B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Popdex. 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 PopdexbpFee BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$10.08
Price spread: −0.019% → −0.014%: −$0.48
Slippage, 4 orders: −$1.33
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.29
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Popdex: live order book, 56 min ago; Binance: live order book, 7 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 Popdex live order book, 56 min ago	0.56 bp	3.8 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.03 bp	5.0 bp −$5	6.5 bp −$65	10.6 bp −$1,057	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	1,777.6	−0.044%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,777.3	−0.062%	$4.6M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.8	−0.032%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.2	−0.010%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,778.1	−0.019%	$284.0M	$1.88B	75x
Bybit SNDKUSDT	0.0000%	8h	1,778.5	+0.004%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.8	+0.022%	$87.2M	$846.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.9	−0.026%	$184.1M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,778.5	+0.006%	$48.0M	$171.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.4	−0.001%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,778.5	+0.006%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	−0.034%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.6	−0.043%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,776.6	−0.099%	$899	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	−0.042%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778	−0.023%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,777.8	−0.032%	$770	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.9	+0.030%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.6	−0.044%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.2	−0.069%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.212%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.3	−0.064%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.5	−0.050%	—	$670K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,778.4	long leg	$245K	$670K	20x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.4	−0.056%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.2	−0.011%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.6	−0.047%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.6	−0.045%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	−0.022%	$1.4M	$4.9M	5x	as long as short
edgeX SNDKUSDC	+0.0068%	4h	1,778	−0.021%	$565K	$354K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.4	−0.056%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	+0.008%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778	−0.022%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.5	−0.053%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.9	−0.026%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.2	−0.070%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0136%	1h	1,778.8	+0.025%	$1.6M	$16.3M	20x	as long as short
Nado SNDK-PERP	+0.0169%	1h	1,777.4	−0.056%	$360K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0397%	1h	1,778.1	−0.017%	$50K	$301K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,778.2	−0.013%	$129K	$406K	20x	as long as short