Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h −0.025%

Price spread now: Bitget against Kraken Futures−0.053%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$600.595% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.530%−$53 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.053%, 7d avg −0.010%

Together, before fees−0.477%−$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.010%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.530%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,882.1	−0.0312	get 0.0039% / 1h	7m 40s	$147K	$605K	20x
Short	Bitget SNDKUSDT	1,881.1	−0.0082	pay 0.0082% / 8h	3h 07m	$47.2M	$233.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: $48.35
Price spread: −0.053% → −0.010%: −$4.32
Slippage, 4 orders: −$37.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.51
Costs to cover: 0.595%
Break-even: 9.2 days

Slippage from Kraken Futures: live order book, 53 min ago; Bitget: live order book, 5 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 Kraken Futures live order book, 53 min ago	2.65 bp	28.3 bp −$28	60.1 bp −$601	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.03 bp	7.6 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
KuCoin SNDKUSDTM	−0.0345%	8h	1,880.2	−0.101%	$6.7M	$20.8M	20x	as long as short
Kraken Futures PF_SNDKUSDlong	−0.0312%	1h	1,882.1	long leg	$147K	$605K	20x
Arcus SNDK-USD	−0.0287%	1h	1,880.9	−0.063%	$218K	$1.1M	10x	as long as short
BloFin SNDK-USDT	−0.0252%	8h	1,881.4	−0.033%	$5.7M	$4.4M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0164%	1h	1,881.5	−0.029%	$32K	$499K	10x	as long as short
Nado SNDK-PERP	−0.0134%	1h	1,882.1	+0.003%	$296K	$1.0M	10x	as long as short
OKX SNDK-USDT-SWAP	−0.0129%	8h	1,880.9	−0.061%	$112.6M	$1.22B	75x	as long as short
Binance SNDKUSDT	−0.0127%	8h	1,881.5	−0.031%	$331.9M	$2.66B	75x	as long as short
Phoenix SNDK	−0.0127%	1h	1,881.1	−0.051%	$376K	$152K	15x	as long as short
Bybit SNDKUSDT	−0.0110%	8h	1,881.6	−0.027%	$32.6M	$146.8M	100x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SNDK/USDC PERP	−0.0108%	1h	1,888.2	+0.327%	$26	$123K	12x	as long as short
Variational Omni SNDK	−0.0084%	8h	1,880.3	−0.095%	$2.9M	$3.8M	—	as long as short
Bitget SNDKUSDTshort	−0.0082%	8h	1,881.1	−0.053%	$47.2M	$233.4M	75x
Coinbase International SNDK-PERP-INTX	−0.0072%	1h	1,880.3	−0.096%	$419K	$1.9M	10x	as long as short
GRVT SNDK_USDT_Perp	−0.0047%	8h	1,880.2	−0.098%	$16K	$2.1M	10x	as long as short
QFEX SNDK-USD	−0.0034%	1h	1,881.8	−0.015%	$1.5M	$12.7M	10x	as long as short
Entropy io:SNDK	−0.0023%	1h	1,881.5	−0.029%	$3.2M	$21.4M	10x	as long as short
Aftermath Perps SNDKUSD	−0.0018%	1h	1,881.2	−0.045%	$743	$32K	5x	as long as short
HTX SNDK-USDT	−0.0005%	8h	1,879.2	−0.154%	$1.9M	$14.9M	50x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,882.3	+0.015%	$22.7M	$30.2M	20x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,881.9	−0.006%	$124K	$492K	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,881.2	−0.044%	$183.9M	$304.1M	75x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,881.2	−0.045%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,841.6	−2.151%	$1K	$1.2M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,881.4	−0.037%	$2.9M	$1.0M	50x	as long as short
Pacifica SNDK	+0.0024%	1h	1,881.5	−0.031%	$198K	$213K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,882.3	+0.013%	$1.5M	$16.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,881.9	−0.006%	$1.6M	$10.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,882.1	+0.004%	$504K	$3.0M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0034%	1h	1,882.4	+0.018%	$123.2M	$183.4M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0038%	8h	1,881.8	−0.013%	—	—	5x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,881.5	−0.028%	—	$392K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,881.4	−0.035%	$280K	$1.2M	20x	as long as short
Aevo SNDK-PERP	+0.0048%	1h	1,881	−0.054%	$1K	—	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,881.2	−0.045%	$238K	$655K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,881	−0.058%	$775K	$709K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,882.4	+0.018%	$1.5M	$3.9M	5x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,880.6	−0.079%	$72K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,881.1	−0.053%	$5K	$11K	20x	as long as short
edgeX SNDKUSDC	+0.0741%	4h	1,879.3	−0.149%	$615K	$368K	10x	as long as short