Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Bullet against OKX−0.033%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on OKX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.033%, 7d avg +0.006%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.040% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,793.5	0	get 0.0000% / 8h	7h 26m	$86.6M	$837.5M	75x
Short	Bullet SNDK-USD	1,792.9	0	get 0.0000% / 1h	26m 27s	$13K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against OKX. 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 OKXbpFee BulletbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.006%: −$3.98
Slippage, 4 orders: −$5.39
Fee OKX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$27.37
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bullet: live order book, 48 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 OKX live order book, 3 min ago	0.28 bp	5.8 bp −$6	6.4 bp −$64	11.4 bp −$1,144	49.6 bp −$24.8K
Sell Bullet live order book, 48 min ago	0.28 bp	6.1 bp −$6	20.6 bp −$206	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	1,792.2	−0.070%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,793	−0.026%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,793	−0.031%	$286.7M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,793.6	+0.006%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,793.5	long leg	$86.6M	$837.5M	75x
Gate SNDK_USDT	0.0000%	8h	1,792.9	−0.033%	$182.7M	$235.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,793.2	−0.017%	$48.1M	$169.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	−0.064%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787	−0.365%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,787.7	−0.323%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USDshort	0.0000%	1h	1,792.9	−0.033%	$13K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,790.9	−0.144%	$1K	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,792.6	−0.051%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,792.2	−0.070%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,793.1	−0.025%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,793.4	−0.006%	$2.0M	$19.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,794	+0.030%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,794.6	+0.063%	$355K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,789.1	−0.247%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,794.2	+0.041%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,794	+0.025%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,793.6	+0.004%	$437K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.360%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.5	−0.224%	$304K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,792.9	−0.033%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,792.7	−0.045%	$246K	$647K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,793.2	−0.017%	$115.5M	$148.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	−0.184%	$4.9M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,792.6	−0.050%	$188K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,793.6	+0.008%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,793.6	+0.006%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,793	−0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,792.7	−0.045%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,792.3	−0.068%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.5	−0.170%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,792.4	−0.064%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,793.7	+0.011%	$443K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0190%	1h	1,791.1	−0.135%	$732K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0623%	4h	1,787.8	−0.315%	$568K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,793.1	−0.024%	$130K	$379K	20x	as long as short