Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.111%

Price spread now: Kraken Futures against BloFin+0.003%57s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs+$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.488% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.673%+$67 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.003%, 7d avg 0.000%

Together, before fees+0.698%+$70 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,789.2	−0.0120	get 0.0120% / 8h	4h 34m	$4.0M	$4.4M	75x
Short	Kraken Futures PF_SNDKUSD	1,789.2	0.0044	get 0.0006% / 1h	34m 09s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: $34.52
Price spread: +0.003% → 0.000%: $0.3
Slippage, 4 orders: −$26.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.99
Costs to cover: 0.488%
Break-even: 9.8 days

Slippage from BloFin: live order book, 4 min ago; Kraken Futures: live order book, 24 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 BloFin live order book, 4 min ago	0.06 bp	6.9 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 24 min ago	2.51 bp	22.5 bp −$23	46.2 bp −$462	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-USDTlong	−0.0120%	8h	1,789.2	long leg	$4.0M	$4.4M	75x
Entropy io:SNDK	−0.0105%	1h	1,788.9	−0.016%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0098%	1h	1,789.8	+0.036%	$311K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.3	+0.007%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.3	−0.051%	$1.4M	$13.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.195%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.2	−0.001%	$21.8M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.3	+0.004%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.023%	$32.6M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	−0.010%	$84.7M	$826.5M	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	1,789.7	+0.029%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.2	+0.002%	$180.1M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.8	−0.021%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.8	−0.023%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.1	−0.004%	$11K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,788.7	−0.027%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.6	−0.088%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,788.9	−0.018%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.4	−0.046%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.1	−0.006%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.4	+0.013%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0010%	8h	1,788	−0.064%	$6.1M	$22.2M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.9	+0.042%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.5	+0.017%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.3	+0.007%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.603%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788	−0.064%	$276K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0044%	1h	1,789.2	+0.003%	$130K	$352K	20x
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.4	−0.044%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.2	+0.001%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,788.9	−0.013%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.3	+0.007%	$115.1M	$146.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.6	−0.032%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.1	−0.003%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.9	−0.016%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.4	−0.045%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.5	−0.035%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.2	−0.001%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788	−0.064%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0918%	4h	1,788.8	−0.023%	$568K	$352K	10x	as long as short