Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h 0.000%

Price spread now: Bitget against Bullet+0.007%7-day average −0.003% · 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−$27as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Bullet Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.389%+$39 · spread now +0.007%, 7d avg −0.003%

Together, before fees+0.420%+$42 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: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 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	Bullet SNDK-USD	1,759.8	0	get 0.0000% / 1h	50m 24s	$13K	$290K	10x
Short	Bitget SNDKUSDT	1,759.9	−0.0323	pay 0.0323% / 8h	50m 24s	$48.3M	$166.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$67.83
Price spread: +0.007% → −0.003%: $0.96
Slippage, 4 orders: −$7.86
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.73
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Bullet: live order book, 54 min ago; Bitget: live order book, 4 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, 54 min ago	0.57 bp	6.4 bp −$6	20.6 bp −$206	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.43 bp	8.1 bp −$8	11.7 bp −$117	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 SNDKUSDTshort	−0.0323%	8h	1,759.9	+0.007%	$48.3M	$166.3M	75x
BloFin SNDK-USDT	−0.0120%	8h	1,758.8	−0.055%	$3.9M	$4.6M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0040%	1h	1,758.9	−0.053%	$51K	$351K	10x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,759.7	−0.005%	$326K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0014%	8h	1,758.5	−0.076%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,759.2	−0.032%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.4	+0.036%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.5	−0.016%	$279.4M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.8	0.000%	$31.7M	$103.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.4	−0.023%	$82.3M	$833.4M	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	1,760.3	+0.027%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.4	−0.022%	$177.1M	$228.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.6	−0.070%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	−0.058%	$21K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.5	−0.074%	$274K	$193K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,759.8	long leg	$13K	$290K	10x
SunX SNDK-USDT	0.0000%	8h	1,758.6	−0.070%	$865	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.5	−0.074%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.046%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,759.5	−0.015%	$740	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.9	−0.168%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.3	+0.030%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.6	−0.010%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.3	−0.028%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.282%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	−0.082%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.5	−0.017%	$242K	$653K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.8	0.000%	$118.9M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.1	−0.040%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	−0.079%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.8	−0.056%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.1	−0.037%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.1	−0.040%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.6	−0.069%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.3	−0.028%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.9	+0.005%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.3	−0.087%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	−0.010%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,759.1	−0.037%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0993%	4h	1,759	−0.046%	$559K	$351K	10x	as long as short