Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.014%

Price spread now: Bybit against Coinbase International−0.013%54s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.013%, 7d avg −0.002%

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

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,759.6	0.0112	pay 0.0014% / 1h	51m 26s	$431K	$2.2M	10x
Short	Bybit SNDKUSDT	1,759.4	0	get 0.0000% / 8h	51m 26s	$31.7M	$103.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$23.52
Price spread: −0.013% → −0.002%: −$1.06
Slippage, 4 orders: −$10.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$55.93
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	2.59 bp	8.8 bp −$9	12.1 bp −$121	33.2 bp −$3,322	doesn't fit
Sell Bybit live order book, 3 min ago	0.20 bp	7.7 bp −$8	10.5 bp −$105	34.2 bp −$3,416	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	−0.0320%	8h	1,759.2	−0.024%	$48.3M	$166.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.9	−0.043%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,759.5	−0.008%	$326K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0014%	8h	1,758.5	−0.063%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,758.7	−0.055%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.1	+0.028%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.1	−0.031%	$279.3M	$1.87B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,759.4	−0.013%	$31.7M	$103.8M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759	−0.036%	$82.3M	$833.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759.5	−0.005%	$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	1,758.9	−0.044%	$177.0M	$228.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.5	−0.064%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	−0.049%	$21K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.5	−0.064%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.9	−0.041%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.8	−0.047%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.3	−0.076%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.9	−0.099%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.038%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,759.3	−0.019%	$740	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756.5	−0.180%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.1	+0.027%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759	−0.036%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.7	−0.052%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.292%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	−0.072%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	−0.036%	$242K	$654K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.8	−0.047%	$118.8M	$159.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.1	−0.030%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.8	−0.104%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.6	−0.061%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759	−0.037%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	−0.070%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.6	−0.059%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.1	−0.027%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.9	+0.015%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.3	−0.077%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0112%	1h	1,759.6	long leg	$431K	$2.2M	10x
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.7	−0.051%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0993%	4h	1,759	−0.036%	$559K	$351K	10x	as long as short