Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h −0.003%

Price spread now: Binance against QFEX+0.036%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.036%+$4 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.036%, 7d avg +0.059%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.023% cheaper against QFEX than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.059%). If the spread goes back, that is −$2 on $10k: about 3.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,789.9	−0.0023	get 0.0003% / 1h	10m 33s	$1.5M	$14.4M	10x
Short	Binance SNDKUSDT	1,790.5	0	get 0.0000% / 8h	5h 10m	$286.5M	$1.80B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: $4.92
Price spread: +0.036% → +0.059%: −$2.28
Slippage, 4 orders: −$2.75
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.11
Costs to cover: 0.228%
Break-even: 35.6 days

Slippage from QFEX: live order book, 4 min ago; Binance: 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 QFEX live order book, 4 min ago	0.70 bp	6.0 bp −$6	6.9 bp −$69	12.9 bp −$1,288	doesn't fit
Sell Binance live order book, 4 min ago	0.03 bp	5.0 bp −$5	6.4 bp −$64	13.0 bp −$1,299	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	1,790.4	+0.027%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,790	+0.007%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0043%	1h	1,791	+0.065%	$361K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0042%	1h	1,790	+0.007%	$4.9M	$20.2M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0029%	1h	1,790.6	+0.039%	$51K	$342K	10x	as long as short
QFEX SNDK-USDlong	−0.0023%	1h	1,789.9	long leg	$1.5M	$14.4M	10x
Aster SNDKUSD1	0.0000%	8h	1,790	+0.007%	$21.8M	$35.4M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,790.5	+0.036%	$286.5M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,791.1	+0.069%	$32.2M	$99.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.6	+0.041%	$85.0M	$825.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,791.2	+0.072%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.8	−0.002%	$180.8M	$231.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790	+0.006%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.5	−0.021%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.8	−0.002%	$12K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.9	+0.002%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.7	−0.065%	$773	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	+0.012%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.3	+0.021%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.9	+0.001%	$743	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0017%	1h	1,790	+0.007%	$114.8M	$145.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.233%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.1	+0.067%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.8	+0.050%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.6	+0.043%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.564%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	−0.072%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.5	+0.034%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.3	+0.024%	$247K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,790	+0.007%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.3	+0.024%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.3	+0.022%	$732K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.7	−0.009%	$1.4M	$5.1M	5x	as long as short
KuCoin SNDKUSDTM	+0.0057%	8h	1,789.1	−0.042%	$6.1M	$22.0M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,790.7	+0.046%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.7	−0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,790	+0.008%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.9	+0.059%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.6	−0.015%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0923%	4h	1,789.5	−0.021%	$568K	$351K	10x	as long as short