Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h +0.003%

Price spread now: Bitget against Injective−2.588%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 2.588% cheaper against Injective than usual: you would sell low and buy high (−$259 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.242%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	54m 48s	$36	$9K	12x
Short	Bitget SNDKUSDT	1,753.4	−0.0237	pay 0.0237% / 8h	7h 54m	$49.6M	$165.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −2.588%Rate

Funding earned: −$56.77
Price spread: −2.588% → 0.000%: −$258.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$327.63
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.60 bp	7.9 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0598%	8h	1,760.3	−2.203%	$19K	$2.1M	10x	as long as short
Entropy io:SNDK	−0.0428%	1h	1,756	−2.442%	$4.6M	$19.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0320%	1h	1,753.6	−2.578%	$50K	$376K	10x	as long as short
HTX SNDK-USDT	−0.0268%	8h	1,753.4	−2.586%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDTshort	−0.0237%	8h	1,753.4	−2.588%	$49.6M	$165.6M	75x
Bybit SNDKUSDT	−0.0141%	8h	1,753.2	−2.599%	$31.4M	$103.5M	100x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,755.1	−2.494%	$4.0M	$4.5M	75x	as long as short
Nado SNDK-PERP	−0.0072%	1h	1,757.7	−2.350%	$328K	$1.5M	10x	as long as short
SoDEX SNDK-USD	−0.0067%	1h	1,753.6	−2.576%	$717K	$521K	10x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,755.8	−2.451%	$1.4M	$9.8M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SNDKUSDTM	−0.0001%	8h	1,755.9	−2.450%	$6.0M	$22.6M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,754.8	−2.509%	$21.4M	$32.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,753.3	−2.594%	$279.4M	$1.85B	75x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752	−2.665%	$82.0M	$823.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,756.8	−2.398%	$120K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,753.5	−2.583%	$178.4M	$216.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.4	−2.309%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,760.9	−2.170%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,755.4	−2.478%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,757.3	−2.371%	$1K	$3.4M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,754	−2.552%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,754	−2.556%	—	$570K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,760.4	−2.199%	$719	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,753.7	−2.571%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,753.6	−2.573%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,755	−2.498%	$454K	$2.1M	10x	as long as short
Popdex SNDKUSDT	+0.0032%	1h	1,755.3	−2.481%	$241K	$642K	20x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,755.2	−2.489%	$255K	$1.5M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0042%	1h	1,753.5	−2.581%	$119.4M	$156.6M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,757.3	−2.370%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,756.3	−2.426%	$185K	$128K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,757.7	−2.348%	$1.4M	$5.3M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,754.4	−2.531%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,753.1	−2.605%	$196K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.2	−2.155%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,756.3	−2.426%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,758.6	−2.300%	$427K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,754.8	−2.509%	$128K	$348K	20x	as long as short
edgeX SNDKUSDC	+0.0938%	4h	1,760.1	−2.212%	$559K	$350K	10x	as long as short