Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bullet against Gate−0.035%7-day average +0.003% · 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−$39as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Gate Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.035%, 7d avg +0.003%

Together, before fees−0.153%−$15 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: Bullet is 0.038% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,755.5	0	get 0.0000% / 8h	7h 47m	$178.4M	$216.9M	75x
Short	Bullet SNDK-USD	1,754.9	0	get 0.0000% / 1h	47m 56s	$14K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Gate. 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 GatebpFee BulletbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.003%: −$3.85
Slippage, 4 orders: −$12.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$39
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bullet: live order book, 51 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 Gate live order book, 1 min ago	1.14 bp	12.6 bp −$13	21.3 bp −$213	41.5 bp −$4,150	66.7 bp −$33.4K
Sell Bullet live order book, 51 min ago	0.57 bp	6.3 bp −$6	21.0 bp −$210	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
GRVT SNDK_USDT_Perp	−0.0511%	8h	1,757.8	+0.127%	$21K	$2.1M	10x	as long as short
HTX SNDK-USDT	−0.0427%	8h	1,754.3	−0.069%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0241%	8h	1,755.7	+0.008%	$49.4M	$166.3M	75x	as long as short
Entropy io:SNDK	−0.0149%	1h	1,755.5	−0.002%	$4.6M	$19.4M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,756.8	+0.072%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0082%	1h	1,755.4	−0.005%	$333K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0018%	8h	1,755.8	+0.013%	$6.0M	$22.6M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,754.4	−0.067%	$1.4M	$9.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,755.9	+0.022%	$21.4M	$32.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,755.6	+0.003%	$280.6M	$1.85B	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SNDKUSDT	0.0000%	8h	1,756.1	+0.031%	$31.6M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,756	+0.027%	$82.5M	$824.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,756	+0.026%	$136K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,755.5	long leg	$178.4M	$216.9M	75x
Variational Omni SNDK	0.0000%	8h	1,758.7	+0.183%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,753.5	−0.116%	$273K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,754.9	−0.035%	$14K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,755.2	−0.020%	$778	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,754.8	−0.044%	$50K	$359K	10x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,754.9	−0.036%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,752.7	−0.160%	—	$570K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,756.9	+0.080%	$671	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,755.5	−0.004%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,755.1	−0.025%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,755.8	+0.015%	$452K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.531%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,753.6	−0.108%	$255K	$1.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0046%	8h	1,754.3	−0.071%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.5	−0.002%	$241K	$628K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,755.1	−0.024%	$119.5M	$157.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,755.2	−0.019%	$184K	$127K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,754.9	−0.035%	$718K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.3	+0.044%	$1.3M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,754.5	−0.061%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,754.8	−0.042%	$197K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,758.9	+0.191%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,754.7	−0.049%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,752.7	−0.161%	$425K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,755	−0.028%	$128K	$348K	20x	as long as short
edgeX SNDKUSDC	+0.0620%	4h	1,755.5	0.000%	$558K	$350K	10x	as long as short