Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.024%

Price spread now: Bitget against Injective−1.145%71s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 1.145% cheaper against Injective than usual: you would sell low and buy high (−$115 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.263%, so the current rate has only just turned against you. The two prices were read 71 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	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	44m 03s	$36	$15K	12x
Short	Bitget SNDKUSDT	1,779.4	0	get 0.0000% / 8h	44m 03s	$49.6M	$170.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −1.145%Rate

Funding earned: −$7
Price spread: −1.145% → 0.000%: −$114.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$133.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.45 bp	7.4 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,778.6	−1.189%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0045%	1h	1,778.1	−1.214%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.4	−1.199%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.4	−1.142%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.2	−1.151%	$284.6M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779.4	−1.142%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.4	−1.142%	$87.4M	$845.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.4	−1.143%	$184.2M	$239.3M	75x	as long as short
Bitget SNDKUSDTshort	0.0000%	8h	1,779.4	−1.145%	$49.6M	$170.7M	75x
Variational Omni SNDK	0.0000%	8h	1,779.1	−1.159%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.2	−1.152%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	−1.181%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.3	−1.148%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778	−1.218%	$965	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	−1.171%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.2	−1.151%	$2.8M	$1.0M	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0009%	1h	1,779.3	−1.151%	$50K	$277K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.7	−1.183%	$731	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.9	−1.117%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.4	−1.143%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	−1.187%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$15K	12x
Arcus SNDK-USD	+0.0040%	1h	1,778.6	−1.189%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.6	−1.187%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	−1.191%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779	−1.164%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.9	−1.170%	$113.4M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.8	−1.176%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.2	−1.154%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	−1.180%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	−1.159%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	−1.159%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	−1.142%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.6	−1.188%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.7	−1.184%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.6	−1.131%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.8	−1.176%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0176%	1h	1,780.2	−1.098%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0193%	1h	1,778.9	−1.169%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.7	−1.128%	$129K	$407K	20x	as long as short