Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0444%/8hnext payment +$0.55 per $10,000 · paid last 24h +0.003%

Price spread now: Kraken Futures against Extended+0.151%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.735%+$73 on $10k

Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.151%, 7d avg −0.002%

Together, before fees+0.468%+ Points / potential airdropExtended: Active · farm board+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.154% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,766.5	0.0032	pay 0.0004% / 1h	59m 40s	$419K	$1.7M	10x
Short	Kraken Futures PF_SNDKUSD	1,769.2	0.0476	get 0.0059% / 1h	59m 40s	$128K	$409K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.151%Rate

Funding earned: $93.16
Price spread: +0.151% → −0.002%: $15.37
Slippage, 4 orders: −$38.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $54.61
Costs to cover: 0.539%
Break-even: 2.9 days

Slippage from Extended: live order book, 3 min ago; Kraken Futures: live order book, 32 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 Extended live order book, 3 min ago	3.87 bp	9.2 bp −$9	27.6 bp −$276	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 32 min ago	2.57 bp	17.9 bp −$18	44.9 bp −$449	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-USDT	−0.0120%	8h	1,772.2	+0.320%	$4.2M	$4.5M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,771.1	+0.260%	$276K	$162K	15x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0016%	1h	1,769	+0.140%	$49K	$189K	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,769.8	+0.185%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,767.6	+0.063%	$21.8M	$40.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,765.9	−0.033%	$286.3M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,767.2	+0.039%	$32.0M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,766.3	−0.012%	$87.6M	$831.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.7	+0.237%	$128K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,765.6	−0.051%	$187.4M	$241.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,766.2	−0.019%	$51.0M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.8	+0.413%	$2.6M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771	+0.253%	$21K	$889K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.7	+0.124%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.6	+0.119%	$584	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.2	+0.097%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,767.3	+0.044%	$2.8M	$835K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0024%	1h	1,766	−0.026%	$670	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,766.1	−0.026%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,766.1	−0.022%	$1.3M	$10.4M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,766.5	long leg	$419K	$1.7M	10x
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,773	+0.367%	$437K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.893%	$36	$19K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,769.4	+0.164%	$291K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,769.5	+0.167%	—	$669K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.7	+0.237%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,765.7	−0.046%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0050%	1h	1,769.4	+0.163%	$355K	$1.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,766.2	−0.018%	$110.7M	$147.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.5	−0.001%	$4.4M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.7	+0.180%	$196K	$186K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769.1	+0.146%	$723K	$535K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.3	−0.012%	$1.5M	$4.5M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.5	+0.112%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,766.4	−0.009%	$210K	$286K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,766.1	−0.025%	$6.2M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.2	+0.266%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.5	+0.169%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0476%	1h	1,769.2	+0.151%	$128K	$409K	20x
edgeX SNDKUSDC	+0.0861%	4h	1,771.1	+0.259%	$563K	$355K	10x	as long as short