Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8hnext payment −$1.20 per $10,000 · paid last 24h −0.036%

Price spread now: BloFin against Binance−0.035%91s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as 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−$260.260% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 1 day (all we have)+0.058%+$6 · spread now −0.035%, 7d avg +0.021%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.056% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 91 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	Binance SNDKUSDT	1,747.4	0	get 0.0000% / 8h	4h 23m	$284.1M	$1.83B	75x
Short	BloFin SNDK-USDT	1,746.8	−0.0120	pay 0.0120% / 8h	4h 23m	$4.3M	$4.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$25.2
Price spread: −0.035% → +0.021%: −$5.56
Slippage, 4 orders: −$3.95
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$56.72
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 9 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 Binance live order book, 9 min ago	0.03 bp	5.9 bp −$6	7.7 bp −$77	17.6 bp −$1,765	doesn't fit
Sell BloFin live order book, 9 min ago	0.06 bp	6.4 bp −$6	7.3 bp −$73	12.2 bp −$1,224	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-USDTshort	−0.0120%	8h	1,746.8	−0.035%	$4.3M	$4.3M	75x
Phoenix SNDK	−0.0045%	1h	1,744.8	−0.147%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0023%	1h	1,747.3	−0.004%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,746.6	−0.043%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,746.7	−0.038%	$21.5M	$40.1M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,747.4	long leg	$284.1M	$1.83B	75x
Bybit SNDKUSDT	0.0000%	8h	1,747.9	+0.032%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,748.4	+0.059%	$88.7M	$799.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,747.3	−0.003%	$126K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,746.6	−0.043%	$189.0M	$237.8M	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	1,748.2	+0.045%	$50.3M	$164.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.139%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,750.3	+0.169%	$11K	$826K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,746.7	−0.036%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,745.8	−0.092%	$934	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,745.7	−0.097%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,746.6	−0.044%	$2.8M	$809K	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0019%	1h	1,746.7	−0.041%	$48K	$188K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,747.7	+0.018%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,747.4	+0.004%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,746	−0.078%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	−0.045%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+3.009%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0035%	1h	1,748.7	+0.074%	$651	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,746	−0.081%	$295K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,745.6	−0.100%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,746.5	−0.050%	$240K	$635K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,747.1	−0.018%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,747.2	−0.010%	$108.7M	$142.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,746.3	−0.061%	$194K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,745.9	−0.087%	$714K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,746	−0.079%	$1.4M	$4.2M	5x	as long as short
Nado SNDK-PERP	+0.0050%	1h	1,746.2	−0.066%	$350K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,746.5	−0.050%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,747.5	+0.007%	$193K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,747.3	−0.006%	$6.1M	$21.3M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,750.2	+0.162%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,746.4	−0.058%	$8K	$1K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0482%	1h	1,747	−0.023%	$129K	$380K	20x	as long as short
edgeX SNDKUSDC	+0.0944%	4h	1,745.7	−0.095%	$552K	$344K	10x	as long as short