Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bullet against Bitget+0.031%47s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.272% of the position

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.031%, 7d avg +0.002%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.029% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,783.5	0	get 0.0000% / 8h	3h 51m	$43.8M	$161.8M	75x
Short	Bullet SNDK-USD	1,784	0	get 0.0000% / 1h	51m 33s	$14K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.002%: $2.85
Slippage, 4 orders: −$7.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$24.36
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bullet: 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 Bitget live order book, 3 min ago	0.08 bp	7.1 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit
Sell Bullet live order book, 2 min ago	0.56 bp	6.4 bp −$6	20.3 bp −$203	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
Entropy io:SNDK	−0.0138%	1h	1,784.3	+0.046%	$4.9M	$19.8M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,785.2	+0.095%	$4.0M	$4.4M	75x	as long as short
Nado SNDK-PERP	−0.0059%	1h	1,784.2	+0.039%	$349K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,784	+0.030%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,783.3	−0.009%	$1.4M	$12.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.116%	$436K	$2.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0002%	1h	1,783	−0.027%	$51K	$345K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.9	+0.077%	$21.8M	$34.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784	+0.029%	$284.0M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.3	+0.045%	$32.3M	$100.9M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784	+0.029%	$83.6M	$823.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,784.5	+0.057%	$171K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,783.6	+0.006%	$180.1M	$228.7M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,783.5	long leg	$43.8M	$161.8M	75x
Variational Omni SNDK	0.0000%	8h	1,784.9	+0.079%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785	+0.086%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,785.6	+0.119%	$278K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,784	+0.031%	$14K	$288K	10x
SunX SNDK-USDT	0.0000%	8h	1,783.2	−0.018%	$1K	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782.3	−0.066%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783	−0.025%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,786.4	+0.161%	$702	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.4	+0.054%	$1.7M	$15.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.1	+0.035%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,783.3	−0.009%	$438K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.924%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.2	+0.038%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,782.9	−0.035%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784	+0.029%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,783.4	−0.005%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,783.6	+0.007%	$118.1M	$149.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.1	+0.035%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.1	−0.024%	$729K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.6	+0.063%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.6	−0.047%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,783.7	+0.013%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785	+0.085%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.6	−0.050%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,784.1	+0.033%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0187%	4h	1,784.5	+0.056%	$567K	$352K	10x	as long as short