Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0400%/8h= +43.8% APRpaid last 24h +0.079%

Price spread now: Kraken Futures against OKX+0.066%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs+$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.728%+$73 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.066%, 7d avg +0.014%

Together, before fees+0.662%+$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.052% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,763.6	0	get 0.0000% / 8h	1h 17m	$82.5M	$837.2M	75x
Short	Kraken Futures PF_SNDKUSD	1,764.8	0.0400	get 0.0050% / 1h	17m 47s	$127K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.066%Rate

Funding earned: $84.01
Price spread: +0.066% → +0.014%: $5.23
Slippage, 4 orders: −$23.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $45.41
Costs to cover: 0.438%
Break-even: 3.2 days

Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 25 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, 1 min ago	0.28 bp	5.6 bp −$6	7.7 bp −$77	15.2 bp −$1,518	doesn't fit
Sell Kraken Futures live order book, 25 min ago	2.27 bp	17.8 bp −$18	38.4 bp −$384	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
Bitget SNDKUSDT	−0.0313%	8h	1,764.1	+0.027%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.5	−0.009%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.7	+0.006%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.8	+0.071%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.2	+0.031%	$280.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.3	+0.040%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,763.6	long leg	$82.5M	$837.2M	75x
RISEx SNDK/USDC	0.0000%	1h	1,765.3	+0.095%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764.2	+0.035%	$177.6M	$231.5M	75x	as long as short
KuCoin SNDKUSDTM	0.0000%	8h	1,763.7	+0.008%	$6.0M	$22.2M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,764.5	+0.051%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.5	−0.009%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,764.5	+0.051%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.1	+0.028%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.6	−0.003%	$933	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,764.5	+0.049%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,763.8	+0.013%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.8	+0.068%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.4	−0.010%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,761.7	−0.107%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0024%	1h	1,763.9	+0.017%	$328K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.1	+0.027%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.9	+0.016%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.062%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,765	+0.078%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.8	−0.044%	$255K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764	+0.023%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.9	+0.017%	$118.8M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,763.6	0.000%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.9	−0.040%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.5	+0.050%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.8	+0.013%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764	+0.023%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.1	+0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.8	+0.012%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.9	+0.071%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.6	+0.054%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.149%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0400%	1h	1,764.8	+0.066%	$127K	$346K	20x
edgeX SNDKUSDC	+0.0501%	4h	1,763	−0.035%	$560K	$352K	10x	as long as short