Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0041%/8hnext payment +$0.05 per $10,000 · paid last 24h +0.023%

Price spread now: Coinbase International against QFEX−0.100%7-day average +0.026% · 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−$42as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.100%, 7d avg +0.026%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.125% cheaper against QFEX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.026%). If the spread goes back, that is −$13 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.002% in total) that is about 7 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,748.3	−0.0009	get 0.0001% / 1h	21m 59s	$2.2M	$22.0M	10x
Short	Coinbase International SNDK-PERP-INTX	1,746.6	0.0032	get 0.0004% / 1h	21m 59s	$430K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. 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 QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.100%Rate

Funding earned: $8.69
Price spread: −0.100% → +0.026%: −$12.51
Slippage, 4 orders: −$9.13
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.95
Costs to cover: 0.291%
Break-even: 33.6 days

Slippage from QFEX: live order book, 11 min ago; Coinbase International: live order book, 1 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 QFEX live order book, 11 min ago	0.88 bp	7.2 bp −$7	8.8 bp −$88	14.5 bp −$1,452	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.60 bp	8.3 bp −$8	12.1 bp −$121	37.2 bp −$3,718	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	1,747.9	−0.026%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−0.133%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0018%	1h	1,747.8	−0.030%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USDlong	−0.0009%	1h	1,748.3	long leg	$2.2M	$22.0M	10x
Aster SNDKUSD1	0.0000%	8h	1,749.2	+0.049%	$21.6M	$40.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,749.8	+0.087%	$284.5M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,750.4	+0.120%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,750.8	+0.141%	$88.1M	$802.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,748.9	+0.035%	$126K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,748.8	+0.029%	$189.2M	$237.9M	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	1,750.4	+0.120%	$50.4M	$164.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.194%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,746.5	−0.106%	$11K	$826K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,748.6	+0.018%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,748.3	−0.002%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,748.5	+0.009%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,749.1	+0.045%	$2.8M	$812K	50x	as long as short
Lighter SNDK	+0.0032%	1h	1,748.9	+0.035%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,748.8	+0.025%	$1.3M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,749.7	+0.078%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0032%	1h	1,746.6	−0.100%	$430K	$2.2M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.953%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0036%	1h	1,748.7	+0.023%	$651	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,747.7	−0.038%	$295K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,747.5	−0.047%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,749	+0.038%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,748.2	−0.007%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,748.8	+0.027%	$109.5M	$143.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,748.4	+0.004%	$194K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.5	+0.011%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,748.4	+0.004%	$1.4M	$4.2M	5x	as long as short
Nado SNDK-PERP	+0.0056%	1h	1,748.3	0.000%	$350K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,748.5	+0.010%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0094%	4h	1,747.2	−0.062%	$553K	$344K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,748.5	+0.008%	$193K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,749.7	+0.077%	$6.1M	$21.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−0.124%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,748.3	−0.001%	$8K	$1K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0139%	1h	1,748.9	+0.033%	$48K	$188K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0481%	1h	1,749.2	+0.052%	$129K	$381K	20x	as long as short