Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.043%
Price spread now: BloFin against Bybit−0.063%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.063%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.052% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SNDKUSDT | 1,778.2 | 0 | get 0.0000% / 8h | 3h 41m | $32.4M | $101.3M | 100x |
| Short | BloFin SNDK-USDT | 1,777 | −0.0120 | pay 0.0120% / 8h | 3h 41m | $4.0M | $4.4M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.063% → −0.011%
- −$5.23
- Slippage, 4 orders
- −$5.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$58.46
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago | 0.31 bp | 7.6 bp −$8 | 11.4 bp −$114 | 37.2 bp −$3,723 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.03 bp | 7.2 bp −$7 | 7.9 bp −$79 | 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 | 1,777 | −0.063% | $4.0M | $4.4M | 75x | |
| Entropy io:SNDK | −0.0101% | 1h | 1,779.9 | +0.098% | $4.8M | $19.9M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0043% | 8h | 1,779.1 | +0.053% | $6.1M | $22.1M | 20x | as long as short |
| Nado SNDK-PERP | −0.0038% | 1h | 1,779.6 | +0.081% | $346K | $1.5M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,778.2 | +0.001% | $1.4M | $12.2M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,780.2 | +0.116% | $433K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,779.2 | +0.061% | $21.7M | $33.0M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,777.4 | −0.041% | $283.2M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDTlong | 0.0000% | 8h | 1,778.2 | long leg | $32.4M | $101.3M | 100x | |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,776.1 | −0.115% | $83.2M | $824.1M | 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 | 1,779 | +0.047% | $170K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,777.7 | −0.024% | $179.2M | $229.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,778 | −0.011% | $43.7M | $162.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,782.2 | +0.229% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,780.4 | +0.126% | $17K | $1.5M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,782.2 | +0.228% | $278K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,777.8 | −0.018% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,775.9 | −0.125% | $723 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,777.9 | −0.012% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,777.1 | −0.060% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,777.7 | −0.024% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0006% | 1h | 1,781.2 | +0.171% | $663 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,778.3 | +0.009% | $1.7M | $15.6M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,778 | −0.010% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,777.9 | −0.015% | $435K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.227% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,779.7 | +0.087% | $265K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,777.4 | −0.040% | — | $580K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,778.4 | +0.014% | $245K | $651K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,778.7 | +0.033% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,778.1 | −0.003% | $117.4M | $150.9M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,778.3 | +0.008% | $187K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,777.2 | −0.052% | $726K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,780.4 | +0.127% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,777.4 | −0.044% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,779.1 | +0.055% | $198K | $289K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,780.5 | +0.134% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,776.5 | −0.091% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,778 | −0.006% | $130K | $352K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0553% | 4h | 1,779.1 | +0.055% | $565K | $351K | 10x | as long as short |
Bybit SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Coinbase International SNDK-PERP-INTX
Aster SNDKUSD1
Binance SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Pacifica SNDK
ApeX Omni SNDKUSDT
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC