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 +0.017%

Price spread now: Coinbase International against OKX+0.019%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.019%, 7d avg +0.026%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,783.1	0	get 0.0000% / 8h	6h 36m	$85.5M	$829.6M	75x
Short	Coinbase International SNDK-PERP-INTX	1,783.4	0.0088	get 0.0011% / 1h	36m 38s	$437K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.019%Rate

Funding earned: $18.48
Price spread: +0.019% → +0.026%: −$0.79
Slippage, 4 orders: −$8.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.51
Costs to cover: 0.282%
Break-even: 11.0 days

Slippage from OKX: live order book, 3 min ago; Coinbase International: live order book, 2 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 OKX live order book, 3 min ago	0.28 bp	5.3 bp −$5	6.3 bp −$63	11.9 bp −$1,191	57.8 bp −$28.9K
Sell Coinbase International live order book, 2 min ago	2.13 bp	7.8 bp −$8	13.3 bp −$133	35.1 bp −$3,507	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
BloFin SNDK-USDT	−0.0120%	8h	1,788	+0.275%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0085%	1h	1,784.1	+0.056%	$4.9M	$20.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0064%	1h	1,783.6	+0.029%	$51K	$328K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.208%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,782.8	−0.016%	$1.8M	$17.2M	10x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,785	+0.109%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.8	+0.041%	$21.7M	$39.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.7	−0.020%	$285.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.8	−0.020%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,783.1	long leg	$85.5M	$829.6M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,783.1	+0.002%	$180.3M	$231.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,783.2	+0.003%	$43.9M	$167.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.214%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	+0.003%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.4	+0.075%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.7	+0.033%	$772	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.7	+0.032%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,782.4	−0.039%	$2.8M	$1.1M	50x	as long as short
tradeXYZ xyz:SNDK	+0.0003%	1h	1,782.4	−0.039%	$114.1M	$146.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786	+0.163%	$670	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,783.6	+0.029%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,783.1	−0.002%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,783.8	+0.041%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.946%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	+0.027%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784	+0.051%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.9	+0.045%	$245K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	+0.019%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,782.6	−0.030%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.1	+0.056%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,782.8	−0.019%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	+0.067%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.8	+0.040%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0088%	1h	1,783.4	+0.019%	$437K	$2.3M	10x
Pacifica SNDK	+0.0100%	1h	1,782.6	−0.028%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,783.5	+0.024%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.2	+0.006%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.8	−0.020%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.5	+0.076%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.1	+0.054%	$171K	$1.8M	20x	as long as short