Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0521%/8h= +57.0% APRpaid last 24h +0.114%

Price spread now: Kraken Futures against BloFin−0.015%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.670%+$67 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.015%, 7d avg 0.000%

Together, before fees+0.667%+$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$16 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	1,762.2	−0.0120	get 0.0120% / 8h	1h 14m	$3.9M	$4.6M	75x
Short	Kraken Futures PF_SNDKUSD	1,761.9	0.0401	get 0.0050% / 1h	14m 47s	$127K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.015%Rate

Funding earned: $109.35
Price spread: −0.015% → 0.000%: −$1.58
Slippage, 4 orders: −$23.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $61.94
Costs to cover: 0.458%
Break-even: 3.0 days

Slippage from BloFin: live order book, 9 min ago; Kraken Futures: live order book, 28 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, 9 min ago	0.11 bp	6.1 bp −$6	6.8 bp −$68	11.8 bp −$1,176	doesn't fit
Sell Kraken Futures live order book, 28 min ago	2.27 bp	17.8 bp −$18	38.4 bp −$384	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
Bitget SNDKUSDT	−0.0308%	8h	1,762.1	−0.009%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,762.2	long leg	$3.9M	$4.6M	75x
QFEX SNDK-USD	−0.0008%	1h	1,760.9	−0.077%	$1.4M	$10.2M	10x	as long as short
KuCoin SNDKUSDTM	−0.0002%	8h	1,762.1	−0.009%	$6.0M	$22.2M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.2	−0.001%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.1	−0.009%	$279.8M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.1	−0.006%	$31.7M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.1	−0.007%	$82.3M	$836.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.6	+0.023%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.8	−0.024%	$177.4M	$231.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.9	−0.017%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.7	+0.081%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.8	+0.090%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762	−0.012%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.2	+0.001%	$885	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.8	−0.022%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.2	−0.056%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.1	−0.006%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,762.6	+0.023%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,759.5	−0.154%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0026%	1h	1,761.9	−0.017%	$326K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.1	−0.010%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.6	−0.038%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.142%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762.9	+0.037%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762	−0.011%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	−0.035%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.9	−0.018%	$118.7M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	+0.010%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.7	−0.086%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762	−0.015%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.3	−0.050%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.5	−0.041%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.3	−0.052%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	−0.022%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.4	+0.069%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761	−0.068%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.071%	$431K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0186%	4h	1,763.5	+0.074%	$560K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0401%	1h	1,761.9	−0.015%	$127K	$345K	20x