Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.017%

Price spread now: Binance against Coinbase International+0.036%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.036%, 7d avg −0.037%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.072% dearer against Coinbase International than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.037%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,758.9	0.0072	pay 0.0009% / 1h	24m 13s	$433K	$2.3M	10x
Short	Binance SNDKUSDT	1,759.5	0	get 0.0000% / 8h	2h 24m	$279.6M	$1.84B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$15.12
Price spread: +0.036% → −0.037%: $7.24
Slippage, 4 orders: −$8.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.81
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago	3.33 bp	9.8 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.03 bp	5.0 bp −$5	5.6 bp −$56	12.9 bp −$1,285	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	−0.0321%	8h	1,759.9	+0.058%	$45.8M	$163.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	−0.052%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,759	+0.002%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.6	−0.016%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.4	+0.026%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,759.5	+0.036%	$279.6M	$1.84B	75x
Bybit SNDKUSDT	0.0000%	8h	1,760.4	+0.082%	$31.7M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.1	+0.068%	$81.9M	$828.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758.4	−0.026%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.6	+0.041%	$175.2M	$230.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,756.4	−0.142%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	−0.039%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	−0.182%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.4	+0.028%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.2	+0.015%	$968	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.5	+0.089%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.9	+0.056%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.7	+0.047%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,758.8	−0.009%	$327K	$1.5M	10x	as long as short
Entropy io:SNDK	+0.0006%	1h	1,757.2	−0.097%	$4.7M	$19.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,756	−0.164%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.6	−0.020%	$687	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.1	−0.046%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760	+0.064%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.9	+0.056%	$415K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.334%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.6	−0.131%	$260K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.5	+0.034%	$242K	$658K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.8	+0.051%	$117.4M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.5	−0.023%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.2	−0.043%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.4	−0.027%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.6	−0.131%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0072%	1h	1,760.7	+0.101%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0072%	1h	1,758.9	long leg	$433K	$2.3M	10x
Aevo SNDK-PERP	+0.0080%	1h	1,760	+0.064%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.190%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.7	−0.013%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,760.2	+0.075%	$127K	$351K	20x	as long as short
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.222%	$557K	$351K	10x	as long as short