Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.008%
Price spread now: tradeXYZ against Coinbase International−0.110%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.110%, 7d avg −0.011%
=Together, before fees+0.183%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.100% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,749.6 | 0.0112 | pay 0.0014% / 1h | 34m 06s | $425K | $2.1M | 10x |
| Short | tradeXYZ xyz:SNDK | 1,747.7 | 0.0050 | get 0.0006% / 1h | 34m 06s | $118.4M | $158.6M | 10x |
Coinbase International SNDK-PERP-INTX
tradeXYZ xyz:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$13.02
- Price spread: −0.110% → −0.011%
- −$9.95
- Slippage, 4 orders
- −$8.16
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$59.13
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; tradeXYZ: 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 | 1.77 bp | 9.0 bp −$9 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.29 bp | 9.5 bp −$9 | 10.8 bp −$108 | 14.9 bp −$1,486 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | −0.0845% | 8h | 1,750.4 | +0.044% | $21K | $2.2M | 10x | as long as short |
| HTX SNDK-USDT | −0.0359% | 8h | 1,750 | +0.019% | $1.4M | $10.6M | 50x | as long as short |
| Bitget SNDKUSDT | −0.0245% | 8h | 1,748.1 | −0.087% | $49.4M | $167.2M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,749.5 | −0.010% | $4.0M | $4.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0075% | 1h | 1,749.8 | +0.012% | $332K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0044% | 8h | 1,748.5 | −0.064% | $6.0M | $22.5M | 20x | as long as short |
| QFEX SNDK-USD | −0.0002% | 1h | 1,747 | −0.151% | $1.4M | $9.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,749.8 | +0.012% | $21.3M | $32.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,748.5 | −0.065% | $279.6M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,748.6 | −0.062% | $31.6M | $104.3M | 100x | as long as short |
GRVT SNDK_USDT_Perp
HTX SNDK-USDT
Bitget SNDKUSDT
BloFin SNDK-USDT
Nado SNDK-PERP
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,748.2 | −0.082% | $81.8M | $821.7M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,748.5 | −0.066% | $135K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,748.9 | −0.043% | $178.3M | $218.3M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,748.8 | −0.046% | $2.5M | $4.8M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,751.1 | +0.084% | $273K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,747.6 | −0.116% | $14K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,747.8 | −0.107% | $790 | $3.3M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,751.1 | +0.083% | $50K | $360K | 10x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,750.3 | +0.037% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0006% | 1h | 1,745.4 | −0.241% | — | $577K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0011% | 1h | 1,751.5 | +0.106% | $727 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,749.8 | +0.009% | $1.7M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,749.3 | −0.019% | $1.3M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,750 | +0.021% | $444K | $2.0M | 10x | as long as short |
| Entropy io:SNDK | +0.0032% | 1h | 1,750 | +0.021% | $4.5M | $19.5M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.877% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,746.4 | −0.183% | $249K | $1.5M | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0047% | 8h | 1,748.9 | −0.043% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,747 | −0.150% | $240K | $630K | 20x | as long as short |
| tradeXYZ xyz:SNDKshort | +0.0050% | 1h | 1,747.7 | −0.110% | $118.4M | $158.6M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,746.5 | −0.179% | $183K | $127K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,748.7 | −0.051% | $715K | $521K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,749.3 | −0.019% | $1.3M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,747.4 | −0.126% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,748.7 | −0.055% | $196K | $310K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,751.6 | +0.111% | $67K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,749.5 | −0.007% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0112% | 1h | 1,749.6 | long leg | $425K | $2.1M | 10x | |
| edgeX SNDKUSDC | +0.0127% | 4h | 1,751.2 | +0.089% | $556K | $350K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0286% | 1h | 1,749 | −0.037% | $127K | $344K | 20x | as long as short |
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDK
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Entropy io:SNDK
Injective SNDK/USDC PERP
Arcus SNDK-USD
Paradex SNDK-USD-PERP
Popdex SNDKUSDT
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD