Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.069%

Price spread now: Kraken Futures against Bybit+0.007%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.714%+$71 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.007%, 7d avg −0.011%

Together, before fees+0.620%+$62 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,773	0	get 0.0000% / 8h	2h 50m	$31.9M	$102.9M	100x
Short	Kraken Futures PF_SNDKUSD	1,773.1	0.0121	get 0.0015% / 1h	50m 17s	$128K	$355K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.007%Rate

Funding earned: $25.45
Price spread: +0.007% → −0.011%: $1.79
Slippage, 4 orders: −$23.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$17.58
Costs to cover: 0.448%
Break-even: 11.8 days

Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 62 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 Bybit live order book, 4 min ago	0.20 bp	7.9 bp −$8	8.8 bp −$88	27.8 bp −$2,776	doesn't fit
Sell Kraken Futures live order book, 62 min ago	2.52 bp	12.2 bp −$12	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-USDT	−0.0120%	8h	1,772	−0.053%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,772.4	−0.035%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0022%	1h	1,773.3	+0.017%	$338K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0020%	8h	1,772.1	−0.049%	$44.7M	$162.8M	75x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,772.6	−0.021%	$1.4M	$11.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.3	+0.021%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.5	−0.025%	$280.0M	$1.83B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,773	long leg	$31.9M	$102.9M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.3	−0.038%	$82.7M	$831.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,774	+0.057%	$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	1,772.5	−0.029%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,772.2	−0.043%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.7	−0.014%	$22K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	−0.072%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.5	−0.027%	$15K	$285K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.2	+0.011%	$982	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,772.8	−0.009%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.1	−0.051%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	−0.038%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	+0.0012%	1h	1,771.2	−0.100%	$4.8M	$19.7M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,770.7	−0.130%	$659	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,771.6	−0.080%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,772.7	−0.015%	$197K	$298K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773	+0.002%	$1.4M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.3	−0.036%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.522%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.5	−0.141%	$264K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.3	+0.019%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.5	−0.026%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.7	−0.015%	$118.0M	$153.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.1	−0.049%	$185K	$132K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.3	−0.038%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,773.7	+0.043%	$435K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.2	−0.042%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773	−0.001%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.5	−0.084%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0121%	1h	1,773.1	+0.007%	$128K	$355K	20x
Lighter SNDK	+0.0128%	1h	1,773.7	+0.038%	$1.8M	$15.7M	20x	as long as short
SoDEX SNDK-USD	+0.0573%	1h	1,772.2	−0.043%	$724K	$513K	10x	as long as short
edgeX SNDKUSDC	+0.0742%	4h	1,771.1	−0.106%	$562K	$352K	10x	as long as short