Funding you earn now, next payment 09:00 UTC+0.0209%/8h= +22.9% APRnext payment +$0.26 per $10,000 · paid last 24h −0.002%
Price spread now: SoDEX against Coinbase International−0.178%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.178%, 7d avg −0.029%
=Funding pays, the price is against you. SoDEX is 0.149% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.029%). If the spread goes back, that is −$15 on $10k: about 2.4 days of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.049% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.049% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,779.2 | 0.0136 | pay 0.0017% / 1h | 1m 25s | $450K | $2.2M | 10x |
| Short | SoDEX SNDK-USD | 1,776 | 0.0345 | get 0.0043% / 1h | 1m 25s | $729K | $525K | 10x |
Coinbase International SNDK-PERP-INTX
SoDEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.96
- Price spread: −0.178% → −0.029%
- −$14.93
- Slippage, 4 orders
- −$13.99
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$2.95
- Costs to cover
- 0.320%
- Break-even
- 7.5 days
Slippage from Coinbase International: live order book, 5 min ago; SoDEX: live order book, 50 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 | 2.39 bp | 8.5 bp −$9 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 50 min ago | 0.03 bp | 7.7 bp −$8 | 40.9 bp −$409 | doesn't fit | doesn't fit |
SNDK on 40 exchanges
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 | 1,778.4 | −0.043% | $4.0M | $4.7M | 75x | as long as short |
| Nado SNDK-PERP | −0.0004% | 1h | 1,776.4 | −0.156% | $337K | $1.5M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,776.3 | −0.160% | $21.6M | $32.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,776.1 | −0.171% | $283.7M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,776.5 | −0.149% | $31.4M | $106.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,776.6 | −0.144% | $82.6M | $844.3M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,777.1 | −0.116% | $146K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,775.8 | −0.189% | $182.3M | $221.9M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,775.9 | −0.183% | $49.7M | $172.0M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.8 | −0.075% | $2.7M | $4.7M | — | as long as short |
BloFin SNDK-USDT
Nado SNDK-PERP
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,776.5 | −0.150% | $277K | $189K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,776.2 | −0.166% | $14K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,775.9 | −0.181% | $591 | $3.1M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,776.3 | −0.164% | $35K | $393K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,775.3 | −0.219% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,776 | −0.179% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | 0.0000% | 1h | 1,775.7 | −0.196% | $1.4M | $9.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0017% | 1h | 1,775.3 | −0.219% | $684 | $39K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,776.8 | −0.135% | $1.2M | $9.8M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,775.1 | −0.230% | $396K | $2.3M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.169% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,775.8 | −0.189% | $272K | $1.4M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,776.4 | −0.156% | — | $573K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,776.4 | −0.155% | $248K | $697K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,775.5 | −0.206% | $121.5M | $153.3M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,775.3 | −0.217% | $4.5M | $19.2M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,776 | −0.178% | $187K | $130K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,775.3 | −0.217% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0054% | 8h | 1,776 | −0.178% | — | — | 5x | as long as short |
| Lighter SNDK | +0.0064% | 1h | 1,777 | −0.119% | $1.8M | $17.0M | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,776 | −0.178% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,775.8 | −0.189% | $199K | $305K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,775.3 | −0.217% | $6.1M | $23.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,775.1 | −0.226% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,775.4 | −0.210% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0136% | 1h | 1,779.2 | long leg | $450K | $2.2M | 10x | |
| GRVT SNDK_USDT_Perp | +0.0153% | 8h | 1,778.5 | −0.040% | $27K | $2.4M | 10x | as long as short |
| SoDEX SNDK-USDshort | +0.0345% | 1h | 1,776 | −0.178% | $729K | $525K | 10x | |
| Kraken Futures PF_SNDKUSD | +0.0549% | 1h | 1,775.4 | −0.211% | $165K | $385K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0966% | 4h | 1,777.8 | −0.075% | $565K | $339K | 10x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Lighter SNDK
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
GRVT SNDK_USDT_Perp
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC