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 +0.010%

Price spread now: Coinbase International against Gate+0.125%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.125%, 7d avg +0.023%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.102% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,756.7	0	get 0.0000% / 8h	2h 26m	$174.9M	$230.6M	75x
Short	Coinbase International SNDK-PERP-INTX	1,758.9	0.0072	get 0.0009% / 1h	26m 13s	$433K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.125%Rate

Funding earned: $15.12
Price spread: +0.125% → +0.023%: $10.17
Slippage, 4 orders: −$17.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.45
Costs to cover: 0.427%
Break-even: 15.1 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: 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 Gate live order book, 3 min ago	0.51 bp	12.2 bp −$12	17.3 bp −$173	38.8 bp −$3,875	62.9 bp −$31.4K
Sell Coinbase International live order book, 3 min ago	3.33 bp	8.6 bp −$9	14.8 bp −$148	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
Bitget SNDKUSDT	−0.0294%	8h	1,757.2	+0.030%	$44.7M	$162.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,756.3	−0.026%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,755.5	−0.069%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0011%	1h	1,756.4	−0.018%	$4.7M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,754.4	−0.135%	$1.4M	$10.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,757.2	+0.025%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,756.6	−0.009%	$279.1M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,757	+0.017%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,757.3	+0.033%	$81.4M	$826.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,756	−0.038%	$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_USDTlong	0.0000%	8h	1,756.7	long leg	$174.9M	$230.6M	75x
Variational Omni SNDK	0.0000%	8h	1,758.8	+0.116%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.085%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.4	+0.209%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,757	+0.014%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,756.3	−0.022%	$687	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,757.5	+0.045%	$50K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,756.3	−0.024%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,757.1	+0.021%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0002%	1h	1,755.2	−0.086%	$326K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,753.1	−0.208%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,758.3	+0.089%	$654	$38K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,755.2	−0.085%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,755.3	−0.081%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,756.4	−0.018%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.461%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.4	−0.017%	$261K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.7	−0.058%	$242K	$657K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,754.3	−0.138%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,757.1	+0.022%	$117.3M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,755.4	−0.075%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,755.5	−0.072%	$718K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,755.5	−0.069%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,757.5	+0.043%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0072%	1h	1,758.9	+0.125%	$433K	$2.3M	10x
Aevo SNDK-PERP	+0.0080%	1h	1,756.6	−0.009%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.4	+0.151%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,756.4	−0.020%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,757	+0.014%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0717%	4h	1,759.4	+0.153%	$559K	$354K	10x	as long as short