Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.070%

Price spread now: Kraken Futures against Gate+0.204%51s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs+$29as 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−$510.511% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.804%+$80 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.204%, 7d avg +0.013%

Together, before fees+0.532%+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.191% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 51 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	Gate SNDK_USDT	1,777.7	0	get 0.0000% / 8h	3h 41m	$179.2M	$229.1M	75x
Short	Kraken Futures PF_SNDKUSD	1,781.4	0.0121	get 0.0015% / 1h	41m 20s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.204%Rate

Funding earned: $25.51
Price spread: +0.204% → +0.013%: $19.14
Slippage, 4 orders: −$26.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$6.51
Costs to cover: 0.511%
Break-even: 8.8 days

Slippage from Gate: live order book, 3 min ago; Kraken Futures: 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 Gate live order book, 3 min ago	0.59 bp	11.2 bp −$11	18.6 bp −$186	42.3 bp −$4,225	64.0 bp −$32.0K
Sell Kraken Futures live order book, 11 min ago	2.52 bp	12.2 bp −$12	37.8 bp −$378	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	1,779.6	+0.104%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0101%	1h	1,779.9	+0.123%	$4.8M	$19.9M	10x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,779.1	+0.078%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0038%	1h	1,779.6	+0.105%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,778.2	+0.025%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.140%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.7	+0.109%	$21.7M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.6	−0.007%	$283.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.2	+0.025%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,777.3	−0.024%	$83.2M	$823.9M	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	+0.071%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,777.7	long leg	$179.2M	$229.1M	75x
Bitget SNDKUSDT	0.0000%	8h	1,778.5	+0.043%	$43.7M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.253%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.150%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.252%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.8	+0.006%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.3	+0.090%	$737	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.2	+0.194%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779	+0.070%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,780.8	+0.176%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.2	+0.195%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,780	+0.126%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.2	+0.084%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.7	+0.055%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.251%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,779.7	+0.111%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.4	−0.016%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.4	+0.038%	$245K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	+0.057%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.1	+0.021%	$117.4M	$150.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.3	+0.033%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	+0.112%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,780.4	+0.151%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.4	+0.150%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.1	+0.079%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.158%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.5	−0.066%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0121%	1h	1,781.4	+0.204%	$130K	$352K	20x
edgeX SNDKUSDC	+0.0553%	4h	1,779.1	+0.079%	$565K	$351K	10x	as long as short