Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.016%

Price spread now: Coinbase International against Binance+0.018%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 2 days (all we have)−0.012%−$1 · spread now +0.018%, 7d avg +0.030%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, 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	Binance SNDKUSDT	1,785.9	0	get 0.0000% / 8h	5h 52m	$285.8M	$1.80B	75x
Short	Coinbase International SNDK-PERP-INTX	1,786.2	0.0024	get 0.0003% / 1h	52m 16s	$436K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.018%Rate

Funding earned: $5.04
Price spread: +0.018% → +0.030%: −$1.21
Slippage, 4 orders: −$8.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$24.7
Costs to cover: 0.285%
Break-even: 41.3 days

Slippage from Binance: live order book, 7 min ago; Coinbase International: 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 Binance live order book, 7 min ago	0.03 bp	5.0 bp −$5	6.5 bp −$65	14.5 bp −$1,455	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.52 bp	8.4 bp −$8	11.8 bp −$118	31.8 bp −$3,183	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0091%	1h	1,786.1	+0.011%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,784.5	−0.078%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.1	+0.009%	$1.6M	$15.2M	10x	as long as short
Nado SNDK-PERP	−0.0021%	1h	1,787.4	+0.086%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0007%	1h	1,785.9	+0.001%	$4.9M	$20.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	+0.026%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,785.9	long leg	$285.8M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,786.2	+0.017%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.2	+0.017%	$85.4M	$822.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.4	+0.085%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786.4	+0.030%	$180.2M	$230.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.2	+0.018%	$43.8M	$163.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.7	−0.066%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.3	−0.032%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.2	+0.017%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.3	−0.032%	$859	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.6	−0.018%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.9	+0.003%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.8	−0.006%	$664	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0024%	1h	1,786.2	+0.018%	$436K	$2.3M	10x
Lighter SNDK	+0.0032%	1h	1,787.1	+0.069%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.6	+0.038%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.5	+0.036%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.788%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.5	−0.080%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.002%	—	$581K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0047%	1h	1,786.2	+0.017%	$114.5M	$145.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.4	+0.029%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.5	+0.035%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786	+0.006%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.1	+0.011%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.4	+0.029%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.8	+0.048%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.8	−0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.5	+0.033%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,786	+0.003%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	−0.003%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.5	−0.024%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0735%	4h	1,785.1	−0.046%	$567K	$352K	10x	as long as short