Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Binance against Bullet−0.032%53s7-day average +0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$230.232% of the position

Long on Bullet Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+3.267%+$327 · spread now −0.032%, 7d avg +0.016%

Together, before fees+3.314%+$331 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: Binance is 0.047% cheaper against Bullet than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 53 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	Bullet SNDK-USD	1,762.2	0	get 0.0000% / 1h	48m 27s	$13K	$290K	10x
Short	Binance SNDKUSDT	1,761.6	0	get 0.0000% / 8h	48m 27s	$279.7M	$1.86B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bullet. 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 BulletbpFee BinancebpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → +0.016%: −$4.73
Slippage, 4 orders: −$5.18
Fee Bullet: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.91
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Bullet: live order book, 56 min ago; Binance: live order book, 11 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 Bullet live order book, 56 min ago	0.57 bp	6.4 bp −$6	20.6 bp −$206	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.03 bp	5.5 bp −$6	7.2 bp −$72	12.2 bp −$1,217	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	−0.0318%	8h	1,761.5	−0.041%	$48.4M	$166.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.2	+0.003%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0022%	1h	1,762.5	+0.016%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0014%	8h	1,761.6	−0.033%	$6.0M	$22.4M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762	−0.009%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.2	−0.001%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,761.6	−0.032%	$279.7M	$1.86B	75x
Bybit SNDKUSDT	0.0000%	8h	1,762	−0.013%	$31.7M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.1	−0.062%	$82.4M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.1	+0.050%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.1	−0.004%	$177.4M	$228.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.6	−0.206%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.1	−0.175%	$10K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	−0.124%	$274K	$193K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,762.2	long leg	$13K	$290K	10x
SunX SNDK-USDT	0.0000%	8h	1,761.3	−0.053%	$884	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.1	−0.003%	$51K	$352K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.9	−0.075%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.5	+0.020%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,760.6	−0.092%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,759.1	−0.173%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.2	+0.055%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.5	+0.016%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.3	+0.005%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.144%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.7	−0.141%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.4	−0.045%	$242K	$653K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.2	−0.056%	$119.1M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.2	−0.056%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.2	−0.113%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.6	−0.091%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.1	−0.007%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.2	+0.001%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.9	−0.014%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.3	+0.008%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.5	−0.151%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762	−0.011%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.5	+0.015%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.7	+0.029%	$127K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0629%	4h	1,758.5	−0.207%	$559K	$351K	10x	as long as short