Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bullet+0.021%7-day average −0.005% · 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−$36as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Bullet Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now +0.021%, 7d avg −0.005%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.026% dearer against Bullet than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SNDK-USD	1,784.4	0	get 0.0000% / 1h	21m 23s	$15K	$291K	10x
Short	Gate SNDK_USDT	1,784.8	0	get 0.0000% / 8h	6h 21m	$180.7M	$232.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.005%: $2.56
Slippage, 4 orders: −$15.31
Fee Bullet: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.75
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Bullet: live order book, 48 min ago; Gate: 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	1.68 bp	8.3 bp −$8	20.8 bp −$208	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.53 bp	11.0 bp −$11	18.0 bp −$180	34.8 bp −$3,484	58.5 bp −$29.2K

SNDK on 39 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	−0.0058%	1h	1,786.7	+0.131%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,787.5	+0.174%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0032%	1h	1,786.7	+0.129%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.7	+0.019%	$1.7M	$16.6M	10x	as long as short
Nado SNDK-PERP	−0.0018%	1h	1,787.2	+0.154%	$360K	$1.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0002%	1h	1,784.8	+0.022%	$114.3M	$146.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.8	+0.137%	$21.8M	$37.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.4	+0.001%	$285.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	+0.040%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.7	+0.017%	$85.6M	$828.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTshort	0.0000%	8h	1,784.8	+0.021%	$180.7M	$232.3M	75x
Bitget SNDKUSDT	0.0000%	8h	1,784.7	+0.014%	$44.0M	$164.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788	+0.202%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.125%	$13K	$1.2M	10x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,784.4	long leg	$15K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,786.4	+0.112%	$720	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	+0.118%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.9	+0.085%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787	+0.148%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.6	+0.122%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.6	+0.122%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.6	+0.067%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.872%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.7	+0.075%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.2	+0.043%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	+0.011%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,785.6	+0.070%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.5	+0.006%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.3	+0.105%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	+0.174%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.1	−0.020%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,787.3	+0.160%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.7	+0.071%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	+0.085%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.7	+0.187%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784	−0.025%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.2	+0.156%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.8	+0.078%	$168K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0612%	4h	1,786.6	+0.124%	$567K	$352K	10x	as long as short