Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.077%

Price spread now: OKX against Kraken Futures−0.029%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

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

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

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.729%−$73 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.029%, 7d avg −0.014%

Together, before fees−0.673%−$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$4 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	1,769.4	0.0121	pay 0.0015% / 1h	46m 12s	$128K	$355K	20x
Short	OKX SNDK-USDT-SWAP	1,768.9	0	get 0.0000% / 8h	2h 46m	$82.7M	$829.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$25.5
Price spread: −0.029% → −0.014%: −$1.47
Slippage, 4 orders: −$21.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$68.14
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; OKX: 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, 2 min ago	2.83 bp	12.2 bp −$12	36.6 bp −$366	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.28 bp	5.7 bp −$6	6.3 bp −$63	12.7 bp −$1,265	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
BloFin SNDK-USDT	−0.0120%	8h	1,768.8	−0.037%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,768.8	−0.036%	$6.1M	$22.1M	20x	as long as short
Bitget SNDKUSDT	−0.0019%	8h	1,769.1	−0.016%	$44.6M	$162.5M	75x	as long as short
Nado SNDK-PERP	−0.0019%	1h	1,770	+0.033%	$336K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0004%	1h	1,769.6	+0.010%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,769.5	+0.006%	$1.4M	$11.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.8	+0.021%	$21.6M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.7	+0.016%	$280.0M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.9	−0.027%	$31.7M	$103.0M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,768.9	−0.029%	$82.7M	$829.8M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,770.7	+0.072%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769	−0.025%	$177.5M	$228.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,768.7	−0.038%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.5	+0.175%	$22K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.1	+0.039%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.8	−0.035%	$14K	$285K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.8	−0.033%	$677	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.5	−0.052%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.3	−0.066%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.7	−0.039%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,770.1	+0.036%	$686	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,767	−0.139%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,769.8	+0.022%	$197K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.5	−0.052%	$1.3M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.5	−0.051%	$423K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.726%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,768.9	−0.029%	$263K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.8	−0.035%	$243K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,769.3	−0.005%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769	−0.023%	$117.8M	$154.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.8	−0.091%	$185K	$132K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.4	−0.057%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,773.7	+0.244%	$435K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.5	−0.053%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.7	+0.183%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.1	−0.077%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0121%	1h	1,769.4	long leg	$128K	$355K	20x
Lighter SNDK	+0.0128%	1h	1,769.5	+0.007%	$1.7M	$15.8M	20x	as long as short
SoDEX SNDK-USD	+0.0147%	1h	1,768.9	−0.030%	$723K	$513K	10x	as long as short
edgeX SNDKUSDC	+0.0156%	4h	1,771.9	+0.140%	$563K	$353K	10x	as long as short