Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0257%/8h= +28.2% APRpaid last 24h +0.007%

Price spread now: RISEx against Bitget+0.031%7-day average +0.030% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.031%, 7d avg +0.030%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.039% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,784.4	0	get 0.0000% / 8h	6h 35m	$44.0M	$167.4M	75x
Short	RISEx SNDK/USDC	1,785	0.0257	get 0.0032% / 1h	35m 39s	$171K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.031%Rate

Funding earned: $54.06
Price spread: +0.031% → +0.030%: $0.15
Slippage, 4 orders: −$6.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $30.08
Costs to cover: 0.241%
Break-even: 3.1 days

Slippage from Bitget: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago	0.42 bp	7.2 bp −$7	7.4 bp −$74	7.4 bp −$737	doesn't fit
Sell RISEx live order book, 3 min ago	1.51 bp	4.5 bp −$5	5.8 bp −$58	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	1,788	+0.201%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,784.3	−0.007%	$4.9M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.133%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.9	−0.027%	$1.8M	$17.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,784.5	+0.001%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785	+0.033%	$21.7M	$39.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.6	+0.012%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	+0.038%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785	+0.032%	$85.7M	$830.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.4	−0.003%	$180.4M	$231.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDTlong	0.0000%	8h	1,784.4	long leg	$44.0M	$167.4M	75x
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.035%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.071%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783.7	−0.039%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.5	−0.166%	$771	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,783.8	−0.036%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.1	−0.017%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.5	+0.004%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.7	+0.070%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0008%	1h	1,784.2	−0.013%	$114.3M	$146.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.5	+0.061%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785	+0.031%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.6	+0.007%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.870%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.045%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.2	−0.071%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	+0.010%	$245K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.056%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.6	+0.007%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783.7	−0.041%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.6	−0.044%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.9	−0.030%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.5	−0.052%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.056%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.007%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.7	+0.013%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783	−0.078%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783	−0.078%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.6	+0.010%	$130K	$355K	20x	as long as short
RISEx SNDK/USDCshort	+0.0257%	1h	1,785	+0.031%	$171K	$1.8M	20x