Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.028%

Price spread now: Injective against Bitget+1.493%81s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.493% dearer against Bitget than usual: you sell high and buy low: +$149 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.263%, so the current rate has only just turned in your favour. The two prices were read 81 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	1,773.5	0	get 0.0000% / 8h	1h 32m	$49.6M	$169.9M	75x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	32m 05s	$36	$15K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.493%Rate

Funding earned: $7
Price spread: +1.493% → 0.000%: $149.25
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $144.23
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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, 2 min ago	0.09 bp	7.6 bp −$8	13.4 bp −$134	21.5 bp −$2,146	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,773.2	−0.016%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.3	−0.012%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.5	+0.002%	$21.9M	$42.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.2	−0.018%	$286.1M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.7	+0.013%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.5	+0.001%	$87.7M	$842.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.4	−0.003%	$183.3M	$241.5M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,773.5	long leg	$49.6M	$169.9M	75x
Variational Omni SNDK	0.0000%	8h	1,771.7	−0.104%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.3	−0.065%	$21K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,771.5	−0.112%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.2	−0.015%	$13K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773	−0.028%	$904	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.6	+0.007%	$49K	$253K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.6	+0.006%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.5	−0.001%	$2.8M	$972K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,772.8	−0.040%	$682	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,773.9	+0.025%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.2	+0.038%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.8	+0.016%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.4	−0.006%	$410K	$1.7M	10x	as long as short
Entropy io:SNDK	+0.0033%	1h	1,772.6	−0.050%	$4.5M	$20.5M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+1.493%	$36	$15K	12x
Arcus SNDK-USD	+0.0040%	1h	1,772.9	−0.036%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.1	−0.022%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.5	+0.001%	$245K	$671K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.5	+0.001%	$113.0M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773	−0.028%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.2	−0.015%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.4	−0.007%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.8	−0.039%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.3	+0.046%	$441K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0069%	1h	1,773.7	+0.010%	$316K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773	−0.025%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	−0.021%	$213K	$290K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,772.6	−0.053%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.8	−0.038%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772	−0.083%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,773.7	+0.013%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0972%	4h	1,771.6	−0.104%	$563K	$355K	10x	as long as short