Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.068%

Price spread now: Binance against Kraken Futures−0.014%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.635%−$63 on $10k

Price spread, last 2 days (all we have)−0.023%−$2 · spread now −0.014%, 7d avg −0.012%

Together, before fees−0.658%−$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,785.6	0.0058	pay 0.0007% / 1h	48m 23s	$130K	$352K	20x
Short	Binance SNDKUSDT	1,785.4	0	get 0.0000% / 8h	5h 48m	$285.7M	$1.80B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$12.24
Price spread: −0.014% → −0.012%: −$0.22
Slippage, 4 orders: −$29.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.78
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 14 min ago; Binance: live order book, 11 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 Kraken Futures live order book, 14 min ago	1.96 bp	21.5 bp −$21	50.3 bp −$503	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.03 bp	5.4 bp −$5	6.3 bp −$63	15.8 bp −$1,578	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0153%	1h	1,785.4	−0.014%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.049%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0059%	1h	1,785.4	−0.012%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,786.2	+0.032%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.4	−0.069%	$1.6M	$15.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.6	−0.001%	$21.8M	$37.5M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,785.4	−0.014%	$285.7M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,785.8	+0.012%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.5	−0.007%	$85.4M	$821.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,786.3	+0.038%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785.4	−0.011%	$180.1M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.2	−0.025%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	−0.008%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.010%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	−0.023%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.6	−0.056%	$858	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.3	−0.016%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.6	0.000%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.1	+0.025%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0013%	1h	1,785.4	−0.012%	$114.4M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	+0.018%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.8	+0.012%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.3	−0.017%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.9	+0.014%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.803%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.6	−0.058%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.1	−0.029%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.1	−0.029%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.7	−0.052%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.8	−0.046%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.5	−0.010%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.9	+0.016%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0058%	1h	1,785.6	long leg	$130K	$352K	20x
Aevo SNDK-PERP	+0.0080%	1h	1,784.9	−0.040%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,784.9	−0.040%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.1	−0.031%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.031%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.8	−0.044%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0374%	4h	1,785.6	+0.001%	$567K	$352K	10x	as long as short