Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: Deribit against KuCoin−0.010%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.010%, 7d avg +0.023%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,782.7	0.0100	pay 0.0100% / 8h	7h 52m	$6.1M	$22.0M	20x
Short	Deribit SNDK_USDC-PERPETUAL	1,782.5	0	get 0.0000% / 1h	52m 38s	$50K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21
Price spread: −0.010% → +0.023%: −$3.26
Slippage, 4 orders: −$32.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$76.05
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Deribit: live order book, 21 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 KuCoin live order book, 6 min ago	0.65 bp	14.6 bp −$15	72.2 bp −$722	doesn't fit	doesn't fit
Sell Deribit live order book, 21 min ago	3.01 bp	15.9 bp −$16	23.3 bp −$233	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	1,783.3	+0.033%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.3	+0.031%	$21.9M	$46.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.9	+0.010%	$285.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784	+0.073%	$32.2M	$100.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,783.4	+0.039%	$86.5M	$835.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,783.2	+0.028%	$182.7M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,783.1	+0.019%	$48.2M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,779.6	−0.177%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.1	−0.144%	$19K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.9	−0.270%	$277K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,781.5	−0.071%	$1K	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,782.5	−0.010%	$50K	$310K	10x
HTX SNDK-USDT	0.0000%	8h	1,782.5	−0.012%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783.2	+0.026%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,783.8	+0.058%	$2.2M	$20.9M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,783.8	+0.062%	$174K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,779.2	−0.196%	$788	$37K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,783.7	+0.054%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,783.5	+0.044%	$419K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.968%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,784	+0.071%	$1.6M	$16.0M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,780	−0.153%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,781.6	−0.063%	—	$675K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.4	+0.039%	$246K	$656K	20x	as long as short
Nado SNDK-PERP	+0.0048%	1h	1,782	−0.039%	$354K	$1.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,780.7	−0.113%	$4.7M	$19.9M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,783.8	+0.059%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.7	−0.057%	$1.4M	$4.8M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,781.8	−0.049%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.8	+0.005%	$212K	$279K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,782.7	long leg	$6.1M	$22.0M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.8	−0.162%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,781.8	−0.051%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,781.4	−0.076%	$441K	$2.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0171%	1h	1,781.9	−0.045%	$186K	$143K	10x	as long as short
edgeX SNDKUSDC	+0.0314%	4h	1,778.1	−0.257%	$565K	$353K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0370%	1h	1,783.6	+0.050%	$114.5M	$149.7M	10x	as long as short
Bullet SNDK-USD	+0.0383%	1h	1,782.4	−0.015%	$14K	$290K	10x	as long as short
SoDEX SNDK-USD	+0.0399%	1h	1,781.8	−0.049%	$728K	$527K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0662%	1h	1,782.9	+0.012%	$130K	$399K	20x	as long as short