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 −0.009%

Price spread now: Bitget against Coinbase International+0.018%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.018%, 7d avg −0.022%

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

The price spread pays, funding is against you. Bitget is 0.041% dearer against Coinbase International than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.022%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,784.2	0.0088	pay 0.0011% / 1h	19m 03s	$436K	$2.3M	10x
Short	Bitget SNDKUSDT	1,784.5	0	get 0.0000% / 8h	6h 19m	$44.0M	$164.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$18.48
Price spread: +0.018% → −0.022%: $4.08
Slippage, 4 orders: −$7.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.79
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Bitget: 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 Coinbase International live order book, 5 min ago	1.79 bp	7.7 bp −$8	12.4 bp −$124	33.1 bp −$3,307	doesn't fit
Sell Bitget live order book, 5 min ago	0.25 bp	7.4 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit

SNDK on 39 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	−0.0120%	1h	1,784.5	+0.018%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.1	+0.053%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0037%	1h	1,785.4	+0.070%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.2	+0.004%	$1.7M	$16.5M	10x	as long as short
Nado SNDK-PERP	−0.0022%	1h	1,785.3	+0.066%	$360K	$1.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0007%	1h	1,784.1	−0.003%	$114.3M	$146.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.9	+0.095%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.5	+0.018%	$285.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	+0.053%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.6	+0.025%	$85.5M	$828.3M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,784.5	+0.021%	$180.7M	$232.3M	75x	as long as short
Bitget SNDKUSDTshort	0.0000%	8h	1,784.5	+0.018%	$44.0M	$164.8M	75x
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.004%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.139%	$13K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.1	−0.003%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.5	−0.039%	$1K	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.8	−0.022%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.1	−0.002%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.2	+0.113%	$701	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.4	+0.072%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785	+0.045%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785	+0.048%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.886%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.3	+0.009%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.3	+0.010%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.3	+0.008%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.3	+0.006%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784	−0.009%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.1	−0.004%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	+0.187%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.8	−0.022%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0088%	1h	1,784.2	long leg	$436K	$2.3M	10x
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.022%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.1	+0.054%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,784.6	+0.025%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	+0.055%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.6	+0.025%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.7	+0.085%	$164K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0883%	4h	1,784.9	+0.041%	$567K	$352K	10x	as long as short