Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0394%/8h= −43.1% APRpaid last 24h −0.121%

Price spread now: BloFin against Kraken Futures−0.064%7-day average −0.001% · 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−$53as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.669%−$67 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.064%, 7d avg −0.001%

Together, before fees−0.598%−$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BloFin is 0.063% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,762.2	0.0274	pay 0.0034% / 1h	32m 58s	$127K	$339K	20x
Short	BloFin SNDK-USDT	1,761.1	−0.0120	pay 0.0120% / 8h	32m 58s	$3.9M	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$82.74
Price spread: −0.064% → −0.001%: −$6.34
Slippage, 4 orders: −$24.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$135.34
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; BloFin: live order book, 6 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, 5 min ago	2.55 bp	15.3 bp −$15	38.4 bp −$384	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.03 bp	6.9 bp −$7	7.8 bp −$78	11.9 bp −$1,190	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	−0.0271%	8h	1,761.7	−0.031%	$48.4M	$166.1M	75x	as long as short
BloFin SNDK-USDTshort	−0.0120%	8h	1,761.1	−0.064%	$3.9M	$4.6M	75x
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.3	−0.055%	$6.0M	$22.3M	20x	as long as short
Nado SNDK-PERP	−0.0012%	1h	1,762.3	+0.005%	$330K	$1.5M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0011%	1h	1,762.2	−0.005%	$51K	$353K	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.6	−0.036%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.7	+0.025%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.1	−0.067%	$279.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.7	−0.030%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.1	−0.065%	$82.3M	$833.6M	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/USDC	0.0000%	1h	1,763.2	+0.054%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.3	−0.055%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.067%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.3	+0.005%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.009%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.8	−0.025%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.4	−0.049%	$828	$3.4M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.2	−0.058%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.2	−0.057%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.4	+0.006%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.9	−0.131%	—	$579K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.8	−0.028%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.2	−0.058%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.140%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762.3	+0.005%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.8	−0.082%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.9	−0.019%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.6	−0.036%	$119.6M	$159.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.9	−0.019%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.9	−0.076%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.4	−0.049%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.1	−0.006%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.7	−0.031%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.5	−0.042%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.9	−0.017%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.1	−0.008%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.7	−0.031%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.010%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0274%	1h	1,762.2	long leg	$127K	$339K	20x
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	−0.023%	$560K	$351K	10x	as long as short