Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h −0.009%

Price spread now: Arcus against Bitget−0.014%7-day average −0.073% · 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−$22as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.050%−$5 · spread now −0.014%, 7d avg −0.073%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Arcus is 0.059% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.073%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,752.1	−0.0240	get 0.0240% / 8h	7h 54m	$49.6M	$165.5M	75x
Short	Arcus SNDK-USD	1,751.9	0.0040	get 0.0005% / 1h	54m 39s	$255K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.014%Rate

Funding earned: $58.86
Price spread: −0.014% → −0.073%: $5.93
Slippage, 4 orders: −$11.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $36.53
Costs to cover: 0.283%
Break-even: 2.7 days

Slippage from Bitget: live order book, 4 min ago; Arcus: live order book, 4 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 Bitget live order book, 4 min ago	0.60 bp	7.5 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	1.05 bp	8.5 bp −$9	9.1 bp −$91	doesn't fit	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	−0.0598%	8h	1,760.3	+0.467%	$19K	$2.1M	10x	as long as short
Entropy io:SNDK	−0.0428%	1h	1,756	+0.221%	$4.6M	$19.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0320%	1h	1,753.6	+0.082%	$50K	$376K	10x	as long as short
HTX SNDK-USDT	−0.0268%	8h	1,753.4	+0.074%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDTlong	−0.0240%	8h	1,752.1	long leg	$49.6M	$165.5M	75x
Bybit SNDKUSDT	−0.0141%	8h	1,752.9	+0.047%	$31.5M	$103.4M	100x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,755.1	+0.168%	$4.0M	$4.5M	75x	as long as short
Nado SNDK-PERP	−0.0073%	1h	1,754.3	+0.124%	$327K	$1.5M	10x	as long as short
SoDEX SNDK-USD	−0.0067%	1h	1,753.6	+0.084%	$717K	$521K	10x	as long as short
Popdex SNDKUSDT	−0.0008%	1h	1,753	+0.050%	$241K	$637K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SNDKUSDTM	−0.0005%	8h	1,755.3	+0.180%	$6.0M	$22.6M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,752.2	+0.002%	$1.4M	$9.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,754.8	+0.153%	$21.4M	$32.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,752.9	+0.042%	$279.3M	$1.85B	75x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752.9	+0.045%	$82.0M	$823.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,753.5	+0.080%	$120K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,752.6	+0.030%	$178.2M	$216.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.4	+0.358%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,760.9	+0.501%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,755.4	+0.185%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,757.3	+0.295%	$1K	$3.4M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,754	+0.108%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,751.3	−0.049%	—	$570K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,760.4	+0.471%	$719	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,753.7	+0.089%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,753.6	+0.087%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,753.9	+0.104%	$454K	$2.1M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.730%	$36	$9K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,751.9	−0.014%	$255K	$1.5M	10x
tradeXYZ xyz:SNDK	+0.0042%	1h	1,753.5	+0.079%	$119.4M	$156.6M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0046%	8h	1,753.1	+0.057%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,756.3	+0.239%	$185K	$128K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,752.2	+0.005%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,754.4	+0.130%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,753.1	+0.054%	$196K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.2	+0.517%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,756.3	+0.239%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,758.6	+0.368%	$427K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,754.8	+0.153%	$128K	$348K	20x	as long as short
edgeX SNDKUSDC	+0.0938%	4h	1,760.1	+0.458%	$559K	$350K	10x	as long as short