Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.058%

Price spread now: Popdex against BloFin+0.011%7-day average −0.001% · 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−$22as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on BloFin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.011%, 7d avg −0.001%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$5 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	1,762.1	−0.0120	get 0.0120% / 8h	36m 04s	$3.9M	$4.6M	75x
Short	Popdex SNDKUSDT	1,762.3	0.0048	get 0.0006% / 1h	36m 04s	$243K	$652K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.011%Rate

Funding earned: $35.28
Price spread: +0.011% → −0.001%: $1.15
Slippage, 4 orders: −$5.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $12.85
Costs to cover: 0.236%
Break-even: 4.4 days

Slippage from BloFin: live order book, 2 min ago; Popdex: live order book, 3 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, 2 min ago	0.03 bp	6.1 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit
Sell Popdex live order book, 3 min ago	1.42 bp	6.0 bp −$6	10.1 bp −$101	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	−0.0275%	8h	1,762.1	−0.001%	$48.4M	$166.2M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,762.1	long leg	$3.9M	$4.6M	75x
Nado SNDK-PERP	−0.0017%	1h	1,762.2	+0.003%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,761.4	−0.038%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.8	−0.018%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763	+0.049%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.8	−0.018%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.3	+0.008%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762	−0.006%	$82.3M	$834.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763	+0.048%	$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	1,761.5	−0.035%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,763.8	+0.097%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.4	+0.018%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.016%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.2	+0.004%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.7	−0.026%	$847	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.2	+0.005%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.7	−0.026%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.3	−0.044%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,762.6	+0.029%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760.2	−0.111%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.5	+0.024%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.9	−0.011%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.3	+0.012%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.148%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.3	−0.049%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,762.3	+0.011%	$243K	$652K	20x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	−0.018%	$119.4M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762	−0.006%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761	−0.063%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.9	−0.015%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.9	−0.011%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.7	−0.023%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.9	−0.013%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.9	−0.010%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764	+0.110%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.5	−0.037%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.018%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.5	+0.022%	$127K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0690%	4h	1,762.2	+0.006%	$560K	$350K	10x	as long as short