Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.022%

Price spread now: Binance against Popdex−0.016%7-day average +0.031% · 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−$26as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Popdex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.831%+$83 · spread now −0.016%, 7d avg +0.031%

Together, before fees+0.813%+$81 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.047% cheaper against Popdex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,762.1	0.0048	pay 0.0006% / 1h	34m 18s	$243K	$652K	20x
Short	Binance SNDKUSDT	1,761.8	0	get 0.0000% / 8h	34m 18s	$279.9M	$1.86B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Popdex. 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 PopdexbpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: −$10.08
Price spread: −0.016% → +0.031%: −$4.7
Slippage, 4 orders: −$4.61
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.79
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Popdex: live order book, 5 min ago; Binance: live order book, 10 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 Popdex live order book, 5 min ago	1.42 bp	4.6 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.11 bp	5.3 bp −$5	6.2 bp −$62	15.1 bp −$1,512	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	−0.0272%	8h	1,762.2	+0.007%	$48.4M	$166.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	+0.002%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,761.4	−0.043%	$6.0M	$22.2M	20x	as long as short
Nado SNDK-PERP	−0.0013%	1h	1,761.5	−0.034%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.4	−0.041%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.3	+0.013%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,761.8	−0.016%	$279.9M	$1.86B	75x
Bybit SNDKUSDT	0.0000%	8h	1,762.2	+0.006%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.6	−0.028%	$82.3M	$833.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.023%	$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	1,762.1	+0.002%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.059%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.4	+0.019%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.017%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.1	−0.002%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.9	−0.009%	$923	$3.4M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.2	−0.051%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.6	−0.028%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.4	+0.014%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760	−0.120%	—	$579K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.6	−0.030%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.3	+0.010%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.149%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762.3	+0.012%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.9	−0.069%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,762.1	long leg	$243K	$652K	20x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.2	+0.006%	$119.4M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	−0.023%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.8	−0.074%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.4	−0.039%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.2	−0.049%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.7	−0.023%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.8	−0.019%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0096%	1h	1,762.1	+0.001%	$51K	$353K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	−0.020%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.2	+0.004%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.5	−0.035%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.018%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.4	+0.018%	$127K	$339K	20x	as long as short
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	−0.015%	$560K	$351K	10x	as long as short