Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.053%

Price spread now: RISEx against BloFin+0.003%97s7-day average +0.024% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.192% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.158%+$16 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.003%, 7d avg +0.024%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.021% cheaper against BloFin than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.024%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). The two prices were read 97 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	BloFin SNDK-USDT	1,759.2	−0.0120	get 0.0120% / 8h	57m 22s	$3.9M	$4.6M	75x
Short	RISEx SNDK/USDC	1,759.3	0	get 0.0000% / 1h	57m 22s	$120K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.003%Rate

Funding earned: $25.2
Price spread: +0.003% → +0.024%: −$2.08
Slippage, 4 orders: −$1.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $3.91
Costs to cover: 0.192%
Break-even: 5.9 days

Slippage from BloFin: live order book, 6 min ago; RISEx: live order book, 1 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, 6 min ago	0.03 bp	6.1 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.51 bp	3.6 bp −$4	4.7 bp −$47	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	−0.0291%	8h	1,758.5	−0.045%	$48.2M	$167.5M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,759.2	long leg	$3.9M	$4.6M	75x
Deribit SNDK_USDC-PERPETUAL	−0.0063%	1h	1,757.8	−0.084%	$51K	$351K	10x	as long as short
Nado SNDK-PERP	−0.0054%	1h	1,759.4	+0.010%	$327K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0008%	8h	1,759	−0.015%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,757.9	−0.075%	$1.4M	$10.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760	+0.041%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.4	−0.049%	$278.7M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.7	−0.030%	$31.9M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.1	−0.065%	$82.2M	$834.1M	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/USDCshort	0.0000%	1h	1,759.3	+0.003%	$120K	$1.6M	20x
Gate SNDK_USDT	0.0000%	8h	1,758.3	−0.055%	$177.2M	$227.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,759.8	+0.032%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.9	+0.036%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.8	−0.025%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	−0.070%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.1	−0.006%	$909	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.1	−0.123%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.1	−0.067%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,760.4	+0.063%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756	−0.185%	—	$579K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.9	−0.018%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.5	−0.043%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.315%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,759.3	+0.005%	$1.7M	$16.2M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.7	−0.030%	$254K	$1.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0044%	1h	1,757	−0.127%	$185K	$130K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.2	−0.059%	$242K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.4	−0.048%	$118.7M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.6	+0.020%	$4.6M	$19.6M	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,757.7	−0.090%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.7	−0.029%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,757.2	−0.116%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.4	−0.107%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.4	−0.045%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.6	+0.080%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757.2	−0.115%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.022%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.1	−0.066%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0480%	4h	1,759.2	−0.004%	$559K	$349K	10x	as long as short