Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bullet against RISEx−0.002%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on RISEx Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.002%, 7d avg −0.031%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.029% dearer against RISEx than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SNDK/USDC	1,774.2	0	get 0.0000% / 1h	37m 18s	$169K	$1.6M	20x
Short	Bullet SNDK-USD	1,774.2	0	get 0.0000% / 1h	37m 18s	$14K	$287K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against RISEx. 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 RISExbpFee BulletbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → −0.031%: $2.87
Slippage, 4 orders: −$5.95
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$17.07
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Bullet: live order book, 17 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 RISEx live order book, 2 min ago	0.65 bp	3.6 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell Bullet live order book, 17 min ago	0.56 bp	6.4 bp −$6	20.3 bp −$203	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	1,773.6	−0.038%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0092%	1h	1,774.7	+0.027%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,774.1	−0.006%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0041%	1h	1,773.2	−0.058%	$345K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773.5	−0.043%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.081%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.5	+0.014%	$21.7M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.2	+0.001%	$281.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.5	+0.017%	$32.1M	$101.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.3	+0.005%	$82.6M	$825.0M	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/USDClong	0.0000%	1h	1,774.2	long leg	$169K	$1.6M	20x
Gate SNDK_USDT	0.0000%	8h	1,773.7	−0.029%	$178.2M	$229.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.7	+0.025%	$43.8M	$162.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.167%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773.4	−0.046%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,774	−0.012%	$276K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,774.2	−0.002%	$14K	$287K	10x
SunX SNDK-USDT	0.0000%	8h	1,772	−0.127%	$822	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.9	−0.016%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.6	−0.091%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.6	−0.034%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,777.4	+0.181%	$661	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.4	−0.047%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.1	−0.065%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.1	−0.062%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.451%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.8	+0.031%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.6	−0.149%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.2	−0.001%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.078%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.3	+0.005%	$117.1M	$151.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.6	−0.035%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.9	−0.016%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.7	−0.029%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.1	−0.008%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773	−0.071%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773.7	−0.028%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.3	−0.051%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774	−0.011%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0484%	4h	1,774	−0.013%	$563K	$352K	10x	as long as short