Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.043%

Price spread now: Bullet against BloFin+0.002%7-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−$28as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on BloFin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.074%+$7 on $10k

Price spread, last 3 days (all we have)+0.021%+$2 · spread now +0.002%, 7d avg −0.002%

Together, before fees+0.095%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,789.2	−0.0120	get 0.0120% / 8h	7h 03m	$4.1M	$4.5M	75x
Short	Bullet SNDK-USD	1,789.2	0	get 0.0000% / 1h	3m 14s	$13K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against BloFin. 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 BloFinbpFee BulletbpOrdersPrice spread, now +0.002%Rate

Funding earned: $25.2
Price spread: +0.002% → −0.002%: $0.46
Slippage, 4 orders: −$8.88
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$3.22
Costs to cover: 0.289%
Break-even: 7.9 days

Slippage from BloFin: live order book, 5 min ago; Bullet: live order book, 6 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 BloFin live order book, 5 min ago	0.06 bp	7.2 bp −$7	7.9 bp −$79	10.2 bp −$1,018	doesn't fit
Sell Bullet live order book, 6 min ago	1.68 bp	7.4 bp −$7	21.3 bp −$213	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
BloFin SNDK-USDTlong	−0.0120%	8h	1,789.2	long leg	$4.1M	$4.5M	75x
Deribit SNDK_USDC-PERPETUAL	−0.0108%	1h	1,789.3	+0.010%	$51K	$328K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.9	+0.039%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789	−0.008%	$286.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.8	+0.036%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.4	+0.013%	$86.7M	$832.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.4	+0.013%	$182.2M	$235.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.2	+0.004%	$47.9M	$164.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,791.3	+0.119%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.4	+0.122%	$21K	$1.1M	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	1,790.9	+0.097%	$279K	$195K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,789.2	+0.002%	$13K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,787.6	−0.087%	$917	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.011%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.1	−0.003%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.2	+0.004%	$1.9M	$18.5M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.5	+0.072%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.4	+0.070%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,790.7	+0.089%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.3	+0.065%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.8	+0.037%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.4	+0.013%	$455K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.604%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790	+0.045%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	+0.020%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790	+0.047%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790	+0.048%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.4	+0.013%	$115.0M	$146.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.7	+0.030%	$4.8M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.4	+0.013%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789	−0.008%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.8	+0.092%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.9	−0.015%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.7	+0.028%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.4	+0.016%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,792	+0.157%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.2	+0.002%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.180%	$442K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.6	+0.024%	$130K	$366K	20x	as long as short
edgeX SNDKUSDC	+0.0796%	4h	1,790.8	+0.089%	$569K	$354K	10x	as long as short