Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h 0.000%

Price spread now: Bullet against Bitget−0.016%7-day average +0.003% · 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−$28as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.016%, 7d avg +0.003%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.031% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,759.3	−0.0302	get 0.0302% / 8h	1h 42m	$47.4M	$165.6M	75x
Short	Bullet SNDK-USD	1,759	0	get 0.0000% / 1h	42m 11s	$13K	$287K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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 BitgetbpFee BulletbpOrdersPrice spread, now −0.016%Rate

Funding earned: $63.42
Price spread: −0.016% → +0.003%: −$1.86
Slippage, 4 orders: −$6.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: $34.99
Costs to cover: 0.266%
Break-even: 3.1 days

Slippage from Bitget: live order book, 2 min ago; Bullet: live order book, 2 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 Bitget live order book, 2 min ago	0.28 bp	6.9 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell Bullet live order book, 2 min ago	0.57 bp	6.2 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
Bitget SNDKUSDTlong	−0.0302%	8h	1,759.3	long leg	$47.4M	$165.6M	75x
BloFin SNDK-USDT	−0.0120%	8h	1,759.5	+0.010%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,759.6	+0.018%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,758.7	−0.032%	$1.4M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.7	+0.078%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.3	−0.001%	$279.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.7	+0.023%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.4	+0.007%	$82.2M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.3	+0.059%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.1	−0.011%	$176.2M	$230.4M	75x	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	1,758.8	−0.024%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.2	−0.003%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	+0.041%	$274K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,759	−0.016%	$13K	$287K	10x
SunX SNDK-USDT	0.0000%	8h	1,758.9	−0.022%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.2	−0.006%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.8	−0.024%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.5	+0.013%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.9	−0.136%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.3	+0.059%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.6	+0.078%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.9	+0.035%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.6	+0.016%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.313%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0037%	1h	1,759.3	+0.004%	$328K	$1.5M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.2	−0.006%	$253K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.3	+0.002%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.3	+0.002%	$118.4M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.5	+0.013%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758	−0.072%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.5	+0.014%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.8	−0.024%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	−0.049%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.9	−0.024%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.9	−0.020%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.1	+0.044%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.6	−0.036%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.8	+0.028%	$430K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0262%	4h	1,759.8	+0.031%	$559K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.2	−0.002%	$126K	$346K	20x	as long as short