Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0520%/8h= −56.9% APRpaid last 24h −0.114%

Price spread now: BloFin against Kraken Futures−0.075%57s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.458% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.670%−$67 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.075%, 7d avg 0.000%

Together, before fees−0.577%−$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BloFin is 0.074% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,764.8	0.0400	pay 0.0050% / 1h	18m 11s	$127K	$346K	20x
Short	BloFin SNDK-USDT	1,763.5	−0.0120	pay 0.0120% / 8h	1h 18m	$3.9M	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$109.21
Price spread: −0.075% → 0.000%: −$7.43
Slippage, 4 orders: −$23.83
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$162.47
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 25 min ago; BloFin: live order book, 5 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, 25 min ago	2.27 bp	15.1 bp −$15	37.7 bp −$377	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.11 bp	6.7 bp −$7	7.4 bp −$74	11.9 bp −$1,190	13.5 bp −$6,764

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	−0.0320%	8h	1,764.5	−0.015%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDTshort	−0.0120%	8h	1,763.5	−0.075%	$3.9M	$4.6M	75x
QFEX SNDK-USD	−0.0008%	1h	1,763.7	−0.060%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,765.1	+0.016%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.7	−0.006%	$280.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.9	+0.005%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.8	+0.002%	$82.6M	$837.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,765.3	+0.029%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764	−0.042%	$177.6M	$231.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,764.5	−0.015%	$2.5M	$4.8M	—	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	1,763.5	−0.075%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,764.5	−0.015%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.1	−0.038%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.6	−0.069%	$933	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,764.5	−0.017%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,763.8	−0.053%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.8	+0.002%	$2.8M	$1.1M	50x	as long as short
KuCoin SNDKUSDTM	+0.0001%	8h	1,763.3	−0.083%	$6.0M	$22.2M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.4	−0.077%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,761.7	−0.173%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0024%	1h	1,763.9	−0.049%	$328K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.6	−0.008%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.1	−0.039%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.994%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,765.4	+0.036%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.5	−0.129%	$254K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764	−0.043%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.1	−0.038%	$118.8M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,763.3	−0.083%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.9	−0.106%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.5	−0.016%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.6	−0.065%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.4	−0.021%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.1	−0.038%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.8	−0.055%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.9	+0.005%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.6	−0.012%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.215%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0400%	1h	1,764.8	long leg	$127K	$346K	20x
edgeX SNDKUSDC	+0.0501%	4h	1,763	−0.101%	$560K	$352K	10x	as long as short