Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.043%

Price spread now: BloFin against Bullet−0.037%48s7-day average +0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.258% of the position

Long on Bullet Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.074%−$7 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.037%, 7d avg +0.002%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.039% cheaper against Bullet than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 48 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	Bullet SNDK-USD	1,792.9	0	get 0.0000% / 1h	25m 37s	$13K	$291K	10x
Short	BloFin SNDK-USDT	1,792.2	−0.0120	pay 0.0120% / 8h	7h 25m	$4.1M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bullet. 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 BulletbpFee BloFinbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$25.2
Price spread: −0.037% → +0.002%: −$3.91
Slippage, 4 orders: −$5.79
Fee Bullet: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$54.9
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Bullet: live order book, 48 min ago; BloFin: 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 Bullet live order book, 48 min ago	0.28 bp	6.1 bp −$6	20.6 bp −$206	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.64 bp	6.9 bp −$7	7.5 bp −$75	11.1 bp −$1,112	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
Deribit SNDK_USDC-PERPETUAL	−0.0146%	1h	1,793.7	+0.042%	$50K	$314K	10x	as long as short
BloFin SNDK-USDTshort	−0.0120%	8h	1,792.2	−0.037%	$4.1M	$4.5M	75x
Aster SNDKUSD1	0.0000%	8h	1,792.5	−0.024%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,791.4	−0.085%	$286.4M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,792.2	−0.040%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.5	−0.078%	$86.6M	$835.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,791.7	−0.068%	$182.6M	$235.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,791.4	−0.084%	$48.0M	$169.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	−0.030%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787	−0.332%	$22K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,787.7	−0.290%	$278K	$195K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,792.9	long leg	$13K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,792	−0.052%	$905	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,793.3	+0.022%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,793.7	+0.042%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791	−0.107%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.3	−0.035%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,794.6	+0.096%	$355K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,789.1	−0.214%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.6	−0.016%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,792.2	−0.037%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.8	−0.063%	$438K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.394%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790.2	−0.152%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,792.9	0.000%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,792.7	−0.011%	$246K	$647K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.8	−0.061%	$115.3M	$148.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	−0.151%	$4.9M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,792.6	−0.017%	$188K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,791.5	−0.076%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,793.6	+0.039%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,793	+0.005%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.4	−0.085%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,792.1	−0.046%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.5	−0.136%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,792.4	−0.031%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,793	+0.003%	$442K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0231%	1h	1,792.5	−0.023%	$733K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0623%	4h	1,787.8	−0.282%	$568K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0658%	1h	1,793.7	+0.043%	$130K	$379K	20x	as long as short