Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0455%/8h= −49.9% APRpaid last 24h −0.043%

Price spread now: Bitget against Kraken Futures−0.043%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

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

costs, in and out, $10k−$400.396% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.609%−$61 on $10k

Price spread, last 3 days (all we have)+0.085%+$8 · spread now −0.043%, 7d avg −0.009%

Together, before fees−0.525%−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,779.1	0.0455	pay 0.0057% / 1h	21m 43s	$129K	$406K	20x
Short	Bitget SNDKUSDT	1,778.3	0	get 0.0000% / 8h	21m 43s	$47.9M	$171.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$95.62
Price spread: −0.043% → −0.009%: −$3.38
Slippage, 4 orders: −$17.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$138.6
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 56 min ago; Bitget: live order book, 2 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, 56 min ago	1.69 bp	14.4 bp −$14	46.8 bp −$468	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.03 bp	7.5 bp −$7	11.1 bp −$111	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	1,777.6	−0.084%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0070%	1h	1,777.5	−0.090%	$4.5M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.8	−0.072%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.6	−0.027%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778.2	−0.050%	$284.0M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.2	−0.052%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.4	−0.040%	$87.2M	$845.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.1	−0.058%	$184.1M	$239.8M	75x	as long as short
Bitget SNDKUSDTshort	0.0000%	8h	1,778.3	−0.043%	$47.9M	$171.8M	75x
Variational Omni SNDK	0.0000%	8h	1,778.4	−0.040%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,778.5	−0.034%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	−0.073%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.3	−0.045%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.4	−0.099%	$990	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	−0.081%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778.4	−0.042%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,778.4	−0.039%	$771	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.3	+0.010%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.3	−0.048%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.9	−0.065%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.172%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.4	−0.098%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.5	−0.090%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.4	−0.040%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.8	−0.073%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.2	−0.051%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.9	−0.071%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.1	−0.055%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	−0.062%	$1.4M	$4.9M	5x	as long as short
edgeX SNDKUSDC	+0.0068%	4h	1,778	−0.061%	$565K	$354K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778	−0.062%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	−0.005%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.1	−0.058%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.6	−0.085%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.9	−0.066%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.4	−0.098%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0136%	1h	1,778.9	−0.013%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0169%	1h	1,777.4	−0.096%	$360K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0391%	1h	1,778.9	−0.011%	$50K	$302K	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0455%	1h	1,779.1	long leg	$129K	$406K	20x