Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0559%/8h= +61.3% APRpaid last 24h +0.056%

Price spread now: Kraken Futures against KuCoin+0.074%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.667%+$67 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.074%, 7d avg +0.028%

Together, before fees+0.547%+$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.046% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,789.5	0.0100	pay 0.0100% / 8h	7h 47m	$6.1M	$22.0M	20x
Short	Kraken Futures PF_SNDKUSD	1,790.8	0.0659	get 0.0082% / 1h	47m 11s	$130K	$382K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.074%Rate

Funding earned: $117.48
Price spread: +0.074% → +0.028%: $4.56
Slippage, 4 orders: −$42.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $57.11
Costs to cover: 0.649%
Break-even: 3.6 days

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 26 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, 2 min ago	1.03 bp	13.1 bp −$13	58.9 bp −$589	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 26 min ago	2.25 bp	14.3 bp −$14	34.0 bp −$340	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	1,791	+0.083%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.1	−0.020%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.7	+0.066%	$285.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.9	+0.136%	$32.2M	$100.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.6	+0.117%	$86.3M	$840.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.8	+0.071%	$183.6M	$233.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.6	+0.059%	$48.6M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.302%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.162%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.1	−0.190%	$278K	$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	1,787.8	−0.097%	$720	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.1	+0.088%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.6	+0.003%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.9	+0.079%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	+0.004%	$2.2M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.7	−0.046%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,784.3	−0.288%	$822	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.2	+0.151%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.6	+0.115%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.3	+0.098%	$421K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.585%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0036%	1h	1,790.4	+0.049%	$352K	$1.4M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.9	−0.258%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	+0.022%	—	$657K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	+0.011%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785	−0.251%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	+0.017%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.6	+0.007%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	−0.112%	$1.4M	$4.9M	5x	as long as short
Bullet SNDK-USD	+0.0054%	1h	1,790.5	+0.059%	$14K	$291K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	+0.031%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.7	−0.045%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,789.5	long leg	$6.1M	$22.0M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787	−0.140%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.3	−0.070%	$8K	$3K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0104%	1h	1,791.6	+0.117%	$115.2M	$150.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,789.7	+0.008%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.226%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0659%	1h	1,790.8	+0.074%	$130K	$382K	20x
SoDEX SNDK-USD	+0.0713%	1h	1,788.6	−0.049%	$731K	$521K	10x	as long as short