Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.039%

Price spread now: QFEX against BloFin−0.001%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$9 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.001%, 7d avg −0.014%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$3 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	1,759.3	−0.0120	get 0.0120% / 8h	1h 45m	$3.9M	$4.5M	75x
Short	QFEX SNDK-USD	1,759.3	−0.0008	pay 0.0001% / 1h	45m 56s	$1.4M	$10.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $23.55
Price spread: −0.001% → −0.014%: $1.38
Slippage, 4 orders: −$6.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$3.62
Costs to cover: 0.286%
Break-even: 8.1 days

Slippage from BloFin: live order book, 3 min ago; QFEX: live order book, 8 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, 3 min ago	0.31 bp	6.8 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	0.03 bp	8.4 bp −$8	8.4 bp −$84	12.7 bp −$1,274	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	−0.0274%	8h	1,760.3	+0.060%	$47.3M	$165.5M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,759.3	long leg	$3.9M	$4.5M	75x
KuCoin SNDKUSDTM	−0.0012%	8h	1,759.8	+0.028%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USDshort	−0.0008%	1h	1,759.3	−0.001%	$1.4M	$10.5M	10x
Aster SNDKUSD1	0.0000%	8h	1,760.7	+0.082%	$21.5M	$33.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.8	+0.028%	$279.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.1	+0.048%	$31.7M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.7	+0.080%	$82.3M	$834.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.1	+0.047%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.3	+0.003%	$176.2M	$230.4M	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	1,762.2	+0.166%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762	+0.156%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.8	+0.143%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759	−0.016%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.2	−0.063%	$960	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.3	+0.001%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.9	−0.024%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.2	−0.007%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756.9	−0.139%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,761.3	+0.116%	$655	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,759.6	+0.019%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.3	−0.002%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760	+0.041%	$497K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.312%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760	+0.038%	$254K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,759.7	+0.026%	$325K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.4	+0.006%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.5	+0.012%	$118.4M	$158.7M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.1	+0.046%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.5	−0.045%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.2	−0.005%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.1	−0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759	−0.016%	$1.4M	$5.1M	5x	as long as short
edgeX SNDKUSDC	+0.0063%	4h	1,762.7	+0.197%	$560K	$353K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.9	−0.023%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.5	+0.015%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762	+0.153%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.2	−0.005%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.016%	$430K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.3	+0.003%	$126K	$347K	20x	as long as short