Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0170%/8h= +18.7% APRpaid last 24h +0.058%

Price spread now: Ondo Perps against BloFin+0.072%95s7-day average +0.001% · you sell dearer than you buy

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.072%, 7d avg +0.001%

Together, before fees−0.121%+ Points / potential airdropOndo Perps: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Ondo Perps is 0.071% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour. The two prices were read 95 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	BloFin SNDK-USDT	1,772	−0.0120	get 0.0120% / 8h	2h 49m	$3.9M	$4.5M	75x
Short	Ondo Perps SNDK-USD.P	1,773.3	0.0050	get 0.0006% / 1h	49m 45s	$1.4M	$5.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.072%Rate

Funding earned: $35.78
Price spread: +0.072% → +0.001%: $7.11
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $25.89
Costs to cover: 0.170%
Break-even: 1.9 days

Slippage unknown: BloFin: live order book, 4 min ago; Ondo Perps: 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 BloFin live order book, 4 min ago	0.06 bp	6.1 bp −$6	6.4 bp −$64	10.8 bp −$1,076	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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-USDTlong	−0.0120%	8h	1,772	long leg	$3.9M	$4.5M	75x
KuCoin SNDKUSDTM	−0.0043%	8h	1,772	−0.003%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0022%	1h	1,773.3	+0.070%	$338K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0015%	8h	1,771.8	−0.011%	$44.7M	$162.7M	75x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,772.6	+0.032%	$1.4M	$11.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.4	+0.019%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.2	+0.009%	$280.0M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.3	+0.016%	$31.9M	$102.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.2	+0.010%	$82.7M	$831.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,774	+0.110%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,772.7	+0.035%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,772.2	+0.010%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.7	+0.039%	$22K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	−0.019%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.5	+0.027%	$15K	$285K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.2	+0.064%	$982	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,772.8	+0.044%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.1	+0.002%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	+0.015%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	+0.0004%	1h	1,771.5	−0.030%	$4.8M	$19.7M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,770.7	−0.077%	$659	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,771.6	−0.027%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,772.4	+0.020%	$197K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.7	+0.036%	$1.4M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.3	+0.017%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.576%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.7	−0.076%	$264K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.3	+0.072%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.8	−0.016%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.6	+0.032%	$118.0M	$153.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.1	+0.004%	$185K	$132K	10x	as long as short
Ondo Perps SNDK-USD.Pshort	+0.0050%	1h	1,773.3	+0.072%	$1.4M	$5.1M	5x
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,773.7	+0.096%	$435K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.2	+0.011%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773	+0.052%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.5	−0.031%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,773.1	+0.060%	$128K	$355K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,773.5	+0.084%	$1.8M	$15.7M	20x	as long as short
SoDEX SNDK-USD	+0.0573%	1h	1,772.2	+0.010%	$724K	$513K	10x	as long as short
edgeX SNDKUSDC	+0.0742%	4h	1,771.1	−0.053%	$562K	$352K	10x	as long as short