Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0355%/8h= −38.9% APRpaid last 24h −0.056%

Price spread now: KuCoin against Kraken Futures−0.105%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$550.555% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.672%−$67 on $10k

Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.105%, 7d avg −0.028%

Together, before fees−0.506%−$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.077% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,780.2	0.0455	pay 0.0057% / 1h	36m 35s	$130K	$406K	20x
Short	KuCoin SNDKUSDTM	1,778.3	0.0100	get 0.0100% / 8h	36m 35s	$6.0M	$22.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$74.56
Price spread: −0.105% → −0.028%: −$7.7
Slippage, 4 orders: −$33.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$137.72
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 41 min ago; KuCoin: live order book, 2 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, 41 min ago	1.69 bp	14.4 bp −$14	46.8 bp −$468	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.90 bp	13.6 bp −$14	43.7 bp −$437	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
BloFin SNDK-USDT	−0.0120%	8h	1,779.5	−0.039%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0068%	1h	1,778.4	−0.099%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.8	−0.079%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.5	−0.037%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779	−0.067%	$284.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779.4	−0.044%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.1	−0.060%	$87.4M	$845.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.4	−0.044%	$184.1M	$239.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.5	−0.038%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.7	−0.085%	$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	−0.066%	$12K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.6	−0.088%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.4	−0.043%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.7	−0.081%	$827	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779.4	−0.043%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.7	−0.026%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,779.3	−0.051%	$707	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.3	+0.008%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.3	−0.048%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.5	−0.095%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.112%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.8	−0.079%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.6	−0.088%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.1	−0.060%	$246K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.9	−0.071%	$113.4M	$151.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779	−0.066%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.2	−0.055%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.9	−0.071%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	−0.060%	$1.4M	$4.9M	5x	as long as short
edgeX SNDKUSDC	+0.0062%	4h	1,778.7	−0.084%	$565K	$354K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.7	−0.082%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	−0.088%	$442K	$2.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0099%	1h	1,779.4	−0.043%	$50K	$286K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.2	−0.054%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,778.3	−0.105%	$6.0M	$22.2M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.1	−0.061%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.4	−0.098%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0160%	1h	1,780.1	−0.005%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0182%	1h	1,778.9	−0.071%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0455%	1h	1,780.2	long leg	$130K	$406K	20x