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: Gate against Kraken Futures+0.035%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

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

Long on Kraken Futures Short on Gate

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)+0.007%+$1 · spread now +0.035%, 7d avg −0.013%

Together, before fees−0.796%−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.048% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.013%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.803% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,759.5	0.0122	pay 0.0015% / 1h	30m 43s	$126K	$354K	20x
Short	Gate SNDK_USDT	1,760.1	0	get 0.0000% / 8h	2h 30m	$175.7M	$230.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.035%Rate

Funding earned: −$25.64
Price spread: +0.035% → −0.013%: $4.81
Slippage, 4 orders: −$27
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72.83
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 17 min ago; Gate: live order book, 3 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, 17 min ago	2.83 bp	12.2 bp −$12	36.6 bp −$366	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.17 bp	12.2 bp −$12	23.5 bp −$235	39.2 bp −$3,918	63.6 bp −$31.8K

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	−0.0216%	8h	1,761	+0.089%	$44.5M	$161.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.5	+0.002%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,759.8	+0.022%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0014%	1h	1,760.2	+0.042%	$4.7M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0007%	1h	1,758.3	−0.065%	$333K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.6	−0.049%	$1.4M	$10.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.1	+0.093%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.4	+0.054%	$279.7M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.8	+0.077%	$31.7M	$103.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.1	+0.093%	$81.7M	$827.4M	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	1,759.6	+0.010%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,760.1	+0.035%	$175.7M	$230.2M	75x
Variational Omni SNDK	0.0000%	8h	1,758.8	−0.040%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,756.5	−0.168%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,759.2	−0.015%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.7	−0.043%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.7	−0.045%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.4	−0.006%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.9	−0.033%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.7	+0.013%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,756.4	−0.175%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,760.7	+0.071%	$655	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.3	−0.066%	$196K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.4	+0.113%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.5	+0.002%	$423K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.302%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.7	−0.045%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.2	−0.015%	$242K	$656K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.2	−0.126%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761	+0.088%	$117.4M	$155.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.9	−0.089%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.4	−0.061%	$719K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.2	−0.015%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,762.1	+0.150%	$1.7M	$16.1M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,757.5	−0.109%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.9	−0.031%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,756.4	−0.173%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.6	−0.052%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0122%	1h	1,759.5	long leg	$126K	$354K	20x
edgeX SNDKUSDC	+0.0180%	4h	1,757.2	−0.126%	$558K	$353K	10x	as long as short