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: Coinbase International against Phemex+0.047%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$770.775% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.047%, 7d avg +0.006%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.041% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,761.6	0	get 0.0000% / 8h	33m 37s	$2.8M	$1.1M	50x
Short	Coinbase International SNDK-PERP-INTX	1,762.4	0.0112	get 0.0014% / 1h	33m 37s	$429K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phemex. 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 PhemexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: $23.52
Price spread: +0.047% → +0.006%: $4.08
Slippage, 4 orders: −$55.46
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$49.85
Costs to cover: 0.775%
Break-even: 21.8 days

Slippage from Phemex: live order book, 5 min ago; Coinbase International: live order book, 5 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 Phemex live order book, 5 min ago	1.82 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.67 bp	8.4 bp −$8	13.8 bp −$138	32.2 bp −$3,218	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	−0.0271%	8h	1,762	+0.022%	$48.4M	$166.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	+0.031%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.3	−0.016%	$6.0M	$22.3M	20x	as long as short
Nado SNDK-PERP	−0.0013%	1h	1,761.5	−0.006%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.4	−0.012%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.9	+0.073%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.3	+0.038%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.5	+0.049%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.9	+0.017%	$82.4M	$833.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.052%	$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	1,761.8	+0.012%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.031%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.4	+0.047%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.045%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.1	+0.026%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.9	+0.019%	$923	$3.4M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.2	−0.022%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,761.6	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.4	+0.043%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760	−0.091%	—	$579K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.3	+0.040%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.8	+0.012%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.178%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,763	+0.077%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.8	−0.045%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.1	+0.028%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762	+0.023%	$119.5M	$159.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.9	+0.017%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.8	−0.045%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.4	−0.010%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.1	+0.030%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.7	+0.006%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.8	+0.010%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0096%	1h	1,762.1	+0.030%	$51K	$353K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.9	+0.020%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.2	+0.032%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.5	−0.007%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0112%	1h	1,762.4	+0.047%	$429K	$2.1M	10x
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.4	+0.046%	$127K	$339K	20x	as long as short
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	+0.013%	$560K	$351K	10x	as long as short