Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.057%

Price spread now: Coinbase International against BloFin+0.031%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.031%, 7d avg +0.012%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,760.8	−0.0120	get 0.0120% / 8h	6m 51s	$3.9M	$4.6M	75x
Short	Coinbase International SNDK-PERP-INTX	1,761.3	0.0112	get 0.0014% / 1h	6m 51s	$428K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.031%Rate

Funding earned: $48.72
Price spread: +0.031% → +0.012%: $1.9
Slippage, 4 orders: −$9.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $19.59
Costs to cover: 0.310%
Break-even: 4.2 days

Slippage from BloFin: 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 BloFin live order book, 7 min ago	0.45 bp	7.0 bp −$7	8.1 bp −$81	12.9 bp −$1,294	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.84 bp	8.8 bp −$9	14.0 bp −$140	doesn't fit	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
Bitget SNDKUSDT	−0.0250%	8h	1,761.1	+0.019%	$50.0M	$166.6M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,760.8	long leg	$3.9M	$4.6M	75x
KuCoin SNDKUSDTM	−0.0004%	8h	1,760.5	−0.018%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0003%	1h	1,761.5	+0.043%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,760.7	−0.006%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.8	+0.056%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761	+0.015%	$279.7M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.1	+0.019%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.7	−0.004%	$82.2M	$832.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.2	+0.083%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,760.9	+0.008%	$178.9M	$229.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760	−0.042%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.030%	$22K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.4	+0.036%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.8	+0.004%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.8	−0.001%	$866	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.9	+0.009%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.4	−0.019%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.8	+0.003%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,758.6	−0.122%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,761.1	+0.019%	$673	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,761.9	+0.064%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.4	+0.033%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.5	−0.015%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.226%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760	−0.045%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.2	+0.024%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761	+0.013%	$119.9M	$157.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.5	−0.015%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.1	−0.038%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.8	+0.004%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.7	−0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.4	−0.021%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.6	−0.008%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.8	−0.001%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.5	−0.013%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.6	−0.010%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0112%	1h	1,761.3	+0.031%	$428K	$2.1M	10x
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,761.3	+0.028%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,760	−0.046%	$559K	$350K	10x	as long as short