Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.069%

Price spread now: Kraken Futures against Gate+0.030%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs+$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.803%+$80 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.030%, 7d avg +0.013%

Together, before fees+0.732%+$73 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, 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	Gate SNDK_USDT	1,760	0	get 0.0000% / 8h	2h 29m	$175.5M	$230.3M	75x
Short	Kraken Futures PF_SNDKUSD	1,760.5	0.0122	get 0.0015% / 1h	29m 02s	$127K	$354K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: $25.63
Price spread: +0.030% → +0.013%: $1.65
Slippage, 4 orders: −$27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$24.72
Costs to cover: 0.520%
Break-even: 13.8 days

Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 19 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, 5 min ago	1.17 bp	9.6 bp −$10	14.9 bp −$149	36.6 bp −$3,660	64.9 bp −$32.5K
Sell Kraken Futures live order book, 19 min ago	2.83 bp	18.0 bp −$18	44.4 bp −$444	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
Bitget SNDKUSDT	−0.0240%	8h	1,759.7	−0.016%	$44.6M	$162.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.1	+0.009%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,759.9	−0.003%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0013%	1h	1,759.5	−0.026%	$4.7M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,759.1	−0.051%	$1.4M	$10.7M	10x	as long as short
Nado SNDK-PERP	−0.0003%	1h	1,759.8	−0.006%	$330K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.8	−0.008%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.9	−0.059%	$279.5M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.9	−0.060%	$31.6M	$103.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.8	−0.065%	$81.6M	$826.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,760.1	+0.007%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,760	long leg	$175.5M	$230.3M	75x
Variational Omni SNDK	0.0000%	8h	1,758.8	−0.067%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760	+0.001%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.4	+0.026%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.4	+0.027%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.6	+0.038%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761	+0.060%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.4	+0.023%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.9	+0.056%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0009%	1h	1,757.1	−0.161%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.5	+0.034%	$655	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,759.1	−0.049%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.5	+0.030%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.3	+0.017%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.273%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759	−0.053%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.2	−0.043%	$242K	$656K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.4	−0.090%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.5	−0.026%	$117.4M	$156.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.6	−0.077%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.7	−0.015%	$719K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.3	−0.037%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,761.1	+0.065%	$1.7M	$16.1M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,757.5	−0.137%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.4	+0.026%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,756.4	−0.201%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760	+0.001%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0122%	1h	1,760.5	+0.030%	$127K	$354K	20x
edgeX SNDKUSDC	+0.0180%	4h	1,757.2	−0.154%	$558K	$353K	10x	as long as short