Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.113%

Price spread now: Kraken Futures against BloFin+0.021%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs+$24as in the Funding arb table

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

costs, in and out, $10k−$430.428% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.670%+$67 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.021%, 7d avg 0.000%

Together, before fees+0.612%+$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.021% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,768.4	−0.0120	get 0.0120% / 8h	2h 10m	$3.9M	$4.5M	75x
Short	Kraken Futures PF_SNDKUSD	1,768.7	0.0121	get 0.0015% / 1h	10m 27s	$127K	$347K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.021%Rate

Funding earned: $50.71
Price spread: +0.021% → 0.000%: $2.12
Slippage, 4 orders: −$20.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $10.04
Costs to cover: 0.428%
Break-even: 5.6 days

Slippage from BloFin: live order book, 3 min ago; Kraken Futures: live order book, 37 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 BloFin live order book, 3 min ago	0.09 bp	6.5 bp −$6	6.9 bp −$69	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 37 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 SNDKUSDT	−0.0310%	8h	1,768.4	−0.001%	$47.0M	$164.8M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,768.4	long leg	$3.9M	$4.5M	75x
KuCoin SNDKUSDTM	−0.0031%	8h	1,768	−0.020%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.9	−0.029%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.6	+0.069%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.8	+0.024%	$280.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.1	+0.039%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.5	+0.064%	$82.1M	$834.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.052%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.7	+0.018%	$176.3M	$231.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	−0.056%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.377%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.377%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.7	+0.019%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.5	−0.048%	$795	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.2	−0.009%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.3	−0.060%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.3	−0.005%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,768.5	+0.010%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,766.2	−0.120%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,764.3	−0.230%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	−0.021%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.4	−0.001%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.7	−0.036%	$437K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.786%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,764.2	−0.238%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.5	+0.007%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.5	+0.007%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.9	−0.140%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.5	−0.049%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.2	−0.123%	$722K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768.3	−0.004%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.8	−0.032%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,767.4	−0.053%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.2	+0.045%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.7	−0.035%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0095%	4h	1,764.1	−0.243%	$560K	$351K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.5	−0.217%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.4	+0.003%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0121%	1h	1,768.7	+0.021%	$127K	$347K	20x