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: Coinbase International against Phemex−0.060%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$640.640% 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+0.162%+$16 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.060%, 7d avg +0.006%

Together, before fees+0.250%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.066% cheaper against Phemex than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.006%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,784.5	0	get 0.0000% / 8h	6h 35m	$2.8M	$1.1M	50x
Short	Coinbase International SNDK-PERP-INTX	1,783.4	0.0088	get 0.0011% / 1h	35m 52s	$437K	$2.3M	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 −0.060%Rate

Funding earned: $18.48
Price spread: −0.060% → +0.006%: −$6.63
Slippage, 4 orders: −$42
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.15
Costs to cover: 0.640%
Break-even: 26.8 days

Slippage from Phemex: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	2.41 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 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	+0.197%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0085%	1h	1,784.1	−0.022%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.129%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,782.8	−0.095%	$1.8M	$17.2M	10x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,783.5	−0.056%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.5	0.000%	$21.7M	$39.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.3	−0.009%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.7	+0.013%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.2	+0.039%	$85.6M	$830.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.3	−0.013%	$180.4M	$231.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,784.3	−0.011%	$44.0M	$167.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.039%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.075%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783.7	−0.043%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.5	−0.170%	$771	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,783.8	−0.040%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.1	−0.021%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,784.5	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.7	+0.067%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0006%	1h	1,783.9	−0.034%	$114.2M	$146.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.8	+0.015%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.3	−0.011%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.3	−0.010%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.866%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.051%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.2	−0.075%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.9	−0.034%	$245K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.060%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,782.6	−0.108%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783.7	−0.045%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.6	−0.048%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	−0.011%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.5	−0.056%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0088%	1h	1,783.4	−0.060%	$437K	$2.3M	10x
Pacifica SNDK	+0.0100%	1h	1,782.6	−0.106%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.5	0.000%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.2	−0.072%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783	−0.082%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.6	+0.006%	$130K	$355K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.1	−0.025%	$171K	$1.8M	20x	as long as short