Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h +0.069%

Price spread now: Kraken Futures against Bitget+0.039%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.622%+$62 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.039%, 7d avg +0.011%

Together, before fees+0.541%+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.028% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,758.1	−0.0309	get 0.0309% / 8h	2h 24m	$45.6M	$163.3M	75x
Short	Kraken Futures PF_SNDKUSD	1,758.8	0.0122	get 0.0015% / 1h	24m 49s	$126K	$354K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.039%Rate

Funding earned: $90.54
Price spread: +0.039% → +0.011%: $2.79
Slippage, 4 orders: −$22.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $49.32
Costs to cover: 0.440%
Break-even: 3.2 days

Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 23 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 Bitget live order book, 4 min ago	0.43 bp	7.1 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 23 min ago	2.83 bp	18.0 bp −$18	44.4 bp −$444	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
Bitget SNDKUSDTlong	−0.0309%	8h	1,758.1	long leg	$45.6M	$163.3M	75x
BloFin SNDK-USDT	−0.0120%	8h	1,758	−0.006%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,757.7	−0.023%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0004%	1h	1,756.7	−0.079%	$4.7M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.4	+0.018%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,758.5	+0.021%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.1	+0.002%	$279.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.4	+0.015%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759	+0.052%	$81.8M	$827.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758	−0.003%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,757.9	−0.013%	$175.1M	$230.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,756.4	−0.095%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.007%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	−0.136%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	−0.005%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.3	+0.013%	$920	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.1	+0.001%	$50K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.2	−0.051%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758	−0.008%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,758.5	+0.021%	$327K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,754.8	−0.185%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.8	+0.038%	$654	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,756.8	−0.071%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.5	+0.021%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.2	+0.008%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.382%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.2	−0.105%	$260K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	+0.052%	$242K	$657K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,757.8	−0.016%	$117.3M	$156.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	+0.018%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,756.7	−0.082%	$718K	$514K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.2	−0.053%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.8	−0.073%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,759	+0.049%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.047%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758	−0.005%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.143%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757.5	−0.033%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0122%	1h	1,758.8	+0.039%	$126K	$354K	20x
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.176%	$557K	$351K	10x	as long as short