Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.033%

Price spread now: SoDEX against BloFin+0.020%7-day average −0.017% · 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−$24as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.135%+$14 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.020%, 7d avg −0.017%

Together, before fees+0.109%+$11 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 SoDEX is 0.037% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,778.5	−0.0120	get 0.0120% / 8h	41m 10s	$4.1M	$4.5M	75x
Short	SoDEX SNDK-USD	1,778.9	0.0050	get 0.0006% / 1h	41m 10s	$727K	$538K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $35.7
Price spread: +0.020% → −0.017%: $3.75
Slippage, 4 orders: −$7.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $11.62
Costs to cover: 0.278%
Break-even: 4.7 days

Slippage from BloFin: live order book, 2 min ago; SoDEX: live order book, 38 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	7.0 bp −$70	10.5 bp −$1,052	doesn't fit
Sell SoDEX live order book, 38 min ago	0.03 bp	7.7 bp −$8	37.8 bp −$378	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	1,778.5	long leg	$4.1M	$4.5M	75x
Entropy io:SNDK	−0.0055%	1h	1,778.1	−0.022%	$4.6M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.4	−0.003%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.3	+0.045%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778.9	+0.023%	$284.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.9	+0.024%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.9	+0.023%	$87.3M	$845.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.9	+0.024%	$184.2M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,778.9	+0.025%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,779.1	+0.034%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,778.9	+0.022%	$12K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.6	+0.006%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.8	+0.017%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.1	−0.022%	$939	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779	+0.031%	$50K	$279K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	+0.022%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778.9	+0.020%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.6	+0.005%	$672	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.9	+0.080%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.3	+0.043%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.5	+0.003%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.207%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.3	−0.010%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.5	0.000%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.9	+0.023%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.6	+0.006%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.7	+0.012%	$197K	$89K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,778.9	+0.020%	$727K	$538K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	+0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	+0.012%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.6	+0.004%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	+0.006%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.7	+0.014%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.2	−0.018%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.2	+0.039%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.9	−0.034%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0160%	1h	1,780	+0.084%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0185%	1h	1,778.9	+0.021%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.4	+0.050%	$129K	$407K	20x	as long as short
edgeX SNDKUSDC	+0.0576%	4h	1,779	+0.027%	$565K	$356K	10x	as long as short