Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.020%

Price spread now: OKX against Coinbase International−0.063%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

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

costs, in and out, $10k−$260.263% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.063%, 7d avg −0.024%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,790.8	0.0128	pay 0.0016% / 1h	45m 12s	$444K	$2.3M	10x
Short	OKX SNDK-USDT-SWAP	1,789.7	0	get 0.0000% / 8h	7h 45m	$86.0M	$840.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$26.88
Price spread: −0.063% → −0.024%: −$3.88
Slippage, 4 orders: −$6.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$57.03
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; OKX: 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 Coinbase International live order book, 4 min ago	2.04 bp	8.6 bp −$9	13.2 bp −$132	36.2 bp −$3,623	doesn't fit
Sell OKX live order book, 4 min ago	0.28 bp	5.3 bp −$5	6.4 bp −$64	13.0 bp −$1,301	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	1,789.7	−0.066%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.3	−0.195%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.5	−0.075%	$285.5M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790	−0.046%	$32.2M	$100.8M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,789.7	−0.063%	$86.0M	$840.0M	75x
Gate SNDK_USDT	0.0000%	8h	1,789.3	−0.088%	$183.3M	$233.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.8	−0.115%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.6	−0.012%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.236%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,789.6	−0.069%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,788.2	−0.147%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.1	−0.209%	$926	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789	−0.104%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.8	−0.171%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.2	−0.093%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,787.9	−0.163%	$2.1M	$20.6M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.6	−0.124%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,786.4	−0.249%	$823	$37K	5x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,790.4	−0.026%	$350K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.7	−0.065%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.6	−0.066%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789	−0.103%	$428K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.510%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.2	−0.203%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.7	−0.117%	—	$647K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.1	−0.152%	$246K	$657K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.5	−0.074%	$115.1M	$150.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.1	−0.264%	$4.8M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,787.6	−0.180%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789	−0.102%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	−0.041%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787.9	−0.162%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.3	−0.141%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788	−0.157%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,791.4	+0.031%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,787.5	−0.187%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0128%	1h	1,790.8	long leg	$444K	$2.3M	10x
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.300%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,788.7	−0.119%	$130K	$379K	20x	as long as short
SoDEX SNDK-USD	+0.0746%	1h	1,788.4	−0.137%	$731K	$515K	10x	as long as short