Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h −0.078%

Price spread now: Binance against Kraken Futures−0.013%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.633%−$63 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.013%, 7d avg −0.027%

Together, before fees−0.466%−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,763.4	0.0400	pay 0.0050% / 1h	49m 29s	$127K	$347K	20x
Short	Binance SNDKUSDT	1,763.2	0	get 0.0000% / 8h	1h 49m	$280.1M	$1.85B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.013%Rate

Funding earned: −$84.08
Price spread: −0.013% → −0.027%: $1.42
Slippage, 4 orders: −$21.22
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$123.88
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 58 min ago; Binance: live order book, 10 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 Kraken Futures live order book, 58 min ago	2.83 bp	12.2 bp −$12	36.6 bp −$366	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.03 bp	5.1 bp −$5	6.3 bp −$63	13.4 bp −$1,340	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	−0.0253%	8h	1,763.7	+0.019%	$47.4M	$165.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.4	−0.053%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0013%	8h	1,762.4	−0.053%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763	−0.022%	$1.4M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.1	+0.042%	$21.5M	$33.1M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,763.2	−0.013%	$280.1M	$1.85B	75x
Bybit SNDKUSDT	0.0000%	8h	1,763.7	+0.019%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.3	−0.004%	$82.6M	$835.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764	+0.035%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.6	+0.012%	$176.8M	$230.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,762.2	−0.067%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762	−0.076%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	−0.123%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.8	−0.033%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.7	−0.039%	$841	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.3	−0.004%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.7	−0.040%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.8	+0.025%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,763.1	−0.013%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.2	−0.183%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.2	−0.011%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.1	−0.017%	$497K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.075%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.3	−0.118%	$254K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,761.5	−0.108%	$327K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.4	+0.001%	$243K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.7	−0.038%	$118.7M	$158.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	−0.055%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.7	−0.095%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.3	−0.062%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.8	−0.034%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763	−0.021%	$1.4M	$5.1M	5x	as long as short
Lighter SNDK	+0.0080%	1h	1,763.8	+0.026%	$1.8M	$16.2M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.8	−0.035%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.8	−0.032%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	−0.053%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	−0.051%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.161%	$432K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0148%	4h	1,761.1	−0.128%	$559K	$352K	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0400%	1h	1,763.4	long leg	$127K	$347K	20x