Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.011%

Price spread now: KuCoin against Injective−1.200%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 1.200% cheaper against Injective than usual: you would sell low and buy high (spread −1.200% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$120 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	45m 12s	$36	$15K	12x
Short	KuCoin SNDKUSDTM	1,778.4	0.0100	get 0.0100% / 8h	45m 12s	$6.0M	$22.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −1.200%Rate

Funding earned: $14
Price spread: −1.200% → 0.000%: −$120
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$118.02
Costs to cover: 0.120%
Break-even: 66.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.28 bp	14.9 bp −$15	47.2 bp −$472	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,778.6	−1.189%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0037%	1h	1,778.1	−1.214%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,779	−1.165%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.5	−1.134%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778.6	−1.187%	$284.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779	−1.164%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.9	−1.170%	$87.4M	$844.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.7	−1.179%	$184.2M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,778.8	−1.175%	$49.6M	$170.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,779.1	−1.159%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.2	−1.152%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	−1.181%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.1	−1.159%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.1	−1.217%	$864	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	−1.171%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778.6	−1.187%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.8	−1.175%	$731	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.2	−1.098%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.8	−1.174%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.5	−1.190%	$410K	$1.6M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$15K	12x
Arcus SNDK-USD	+0.0040%	1h	1,778.9	−1.171%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.8	−1.175%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	−1.191%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.1	−1.159%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.6	−1.187%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.9	−1.170%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,778.6	−1.184%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.2	−1.152%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	−1.159%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.7	−1.180%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	−1.142%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779	−1.164%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,778.4	−1.200%	$6.0M	$22.2M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.6	−1.131%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.5	−1.193%	$8K	$2K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0172%	1h	1,779.5	−1.135%	$50K	$277K	10x	as long as short
Lighter SNDK	+0.0176%	1h	1,779.7	−1.126%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0200%	1h	1,778.9	−1.169%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.7	−1.124%	$129K	$407K	20x	as long as short