Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.013%

Price spread now: Phemex against Coinbase International+0.001%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.001%, 7d avg −0.004%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,787.2	0.0088	pay 0.0011% / 1h	56m 27s	$440K	$2.3M	10x
Short	Phemex SNDKUSDT	1,787.2	0	get 0.0000% / 8h	6h 56m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$18.48
Price spread: +0.001% → −0.004%: $0.42
Slippage, 4 orders: −$37.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$77.24
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Phemex: 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 Coinbase International live order book, 2 min ago	2.46 bp	7.6 bp −$8	12.9 bp −$129	37.3 bp −$3,733	doesn't fit
Sell Phemex live order book, 2 min ago	1.82 bp	24.7 bp −$25	doesn't fit	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
Deribit SNDK_USDC-PERPETUAL	−0.0270%	1h	1,787.2	−0.001%	$51K	$328K	10x	as long as short
Entropy io:SNDK	−0.0234%	1h	1,788.3	+0.062%	$4.9M	$20.5M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,786.8	−0.021%	$4.1M	$4.5M	75x	as long as short
tradeXYZ xyz:SNDK	−0.0075%	1h	1,787	−0.011%	$114.8M	$146.5M	10x	as long as short
Popdex SNDKUSDT	−0.0064%	1h	1,786.6	−0.033%	$246K	$644K	20x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.4	−0.046%	$1.9M	$18.1M	10x	as long as short
Nado SNDK-PERP	−0.0017%	1h	1,788.2	+0.059%	$347K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.5	+0.075%	$21.8M	$42.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787	−0.011%	$286.8M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.3	+0.007%	$31.9M	$100.0M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787	−0.011%	$86.6M	$831.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.7	−0.030%	$182.0M	$230.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,787.1	−0.007%	$47.7M	$164.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.2	+0.114%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.6	+0.081%	$10K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,787.8	+0.034%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787	−0.011%	$13K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.3	−0.053%	$593	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.9	−0.015%	$1.5M	$10.3M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,787.2	+0.001%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0005%	1h	1,789.3	+0.116%	$746	$37K	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0019%	1h	1,786.8	−0.022%	$1.4M	$5.1M	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.3	+0.059%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.9	+0.037%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.4	+0.012%	$464K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.715%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.7	+0.027%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.9	−0.016%	—	$585K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.9	−0.014%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.6	−0.033%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.1	−0.004%	$731K	$515K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.7	−0.027%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0088%	1h	1,787.2	long leg	$440K	$2.3M	10x
Pacifica SNDK	+0.0100%	1h	1,787.2	−0.002%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.1	+0.051%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.9	+0.094%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.9	−0.016%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.6	+0.022%	$130K	$366K	20x	as long as short
edgeX SNDKUSDC	+0.0220%	4h	1,788.7	+0.084%	$568K	$351K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.6	+0.024%	$171K	$1.8M	20x	as long as short