Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.057%

Price spread now: BloFin against Popdex+0.069%7-day average −0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Popdex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.069%, 7d avg −0.001%

Together, before fees−0.322%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.071% dearer against Popdex than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.001%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,786.8	0.0048	pay 0.0006% / 1h	30m 16s	$246K	$646K	20x
Short	BloFin SNDK-USDT	1,788	−0.0120	pay 0.0120% / 8h	5h 30m	$4.1M	$4.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Popdex. 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 PopdexbpFee BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$35.28
Price spread: +0.069% → −0.001%: $7.07
Slippage, 4 orders: −$1.93
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.54
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Popdex: live order book, 34 min ago; BloFin: 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 Popdex live order book, 34 min ago	0.56 bp	3.8 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.28 bp	6.5 bp −$7	7.2 bp −$72	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-USDTshort	−0.0120%	8h	1,788	+0.069%	$4.1M	$4.4M	75x
Phoenix SNDK	−0.0090%	1h	1,787.1	+0.017%	$278K	$193K	15x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0074%	1h	1,787.2	+0.021%	$51K	$338K	10x	as long as short
Entropy io:SNDK	−0.0049%	1h	1,787.6	+0.045%	$4.9M	$20.2M	10x	as long as short
Nado SNDK-PERP	−0.0034%	1h	1,788.7	+0.107%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.9	+0.004%	$1.5M	$14.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.9	+0.061%	$21.8M	$37.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.8	−0.002%	$285.5M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.3	+0.027%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.1	+0.017%	$85.1M	$823.0M	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	1,788.2	+0.076%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787.1	+0.018%	$180.3M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.9	+0.004%	$43.8M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.9	+0.060%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788	+0.067%	$18K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787	+0.011%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.1	+0.017%	$590	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.7	−0.006%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.8	0.000%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.6	+0.045%	$665	$38K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.062%	$439K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0031%	1h	1,787	+0.011%	$114.5M	$145.7M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.2	+0.078%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.2	+0.078%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.4	+0.032%	$469K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.737%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.5	−0.016%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.2	+0.025%	—	$581K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,786.8	long leg	$246K	$646K	20x
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787.7	+0.050%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.6	−0.011%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.9	+0.004%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.7	+0.050%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,787.3	+0.026%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.6	−0.013%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0085%	8h	1,786.6	−0.013%	$6.1M	$21.7M	20x	as long as short
Pacifica SNDK	+0.0094%	1h	1,787.6	+0.044%	$199K	$292K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.5	+0.040%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.3	−0.027%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0871%	4h	1,787.7	+0.053%	$568K	$353K	10x	as long as short