Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.027%

Price spread now: Phoenix against KuCoin−0.136%78s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.481% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.136%, 7d avg +0.034%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.170% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,763.8	0.0100	pay 0.0100% / 8h	4h 46m	$6.1M	$23.0M	20x
Short	Phoenix SNDK	1,761.4	0.0045	get 0.0006% / 1h	46m 05s	$274K	$178K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$11.51
Price spread: −0.136% → +0.034%: −$16.98
Slippage, 4 orders: −$29.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$76.62
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Phoenix: live order book, 58 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	0.82 bp	13.0 bp −$13	45.1 bp −$451	doesn't fit	doesn't fit
Sell Phoenix live order book, 58 min ago	3.39 bp	11.9 bp −$12	25.4 bp −$254	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0127%	1h	1,762.4	−0.077%	$166K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.4	−0.026%	$3.9M	$4.7M	75x	as long as short
Entropy io:SNDK	−0.0005%	1h	1,763.2	−0.034%	$4.5M	$19.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.3	−0.029%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.7	−0.007%	$281.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.9	+0.003%	$31.4M	$107.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.4	−0.023%	$79.2M	$842.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.3	−0.026%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.2	−0.035%	$180.7M	$210.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,763.5	−0.015%	$48.5M	$172.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,765.2	+0.080%	$2.7M	$4.4M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.6	−0.069%	$22K	$2.7M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.9	+0.007%	$12K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.1	−0.038%	$853	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.2	−0.036%	$19K	$451K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.5	−0.075%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.3	−0.026%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0004%	1h	1,763.4	−0.025%	$1.5M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0024%	1h	1,764.2	+0.025%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.3	−0.030%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.4	−0.079%	$421K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.050%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.8	−0.057%	$260K	$1.4M	10x	as long as short
Phoenix SNDKshort	+0.0045%	1h	1,761.4	−0.136%	$274K	$178K	15x
Vest SNDK-USD-PERP	+0.0046%	1h	1,762.5	−0.073%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.6	−0.011%	$243K	$700K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.7	−0.006%	$122.6M	$151.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,763.2	−0.034%	$188K	$174K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.8	−0.056%	$722K	$529K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.1	+0.017%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,762.6	−0.067%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0069%	1h	1,763.6	−0.011%	$319K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.9	−0.051%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.3	−0.028%	$192K	$305K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,763.8	long leg	$6.1M	$23.0M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.7	−0.061%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.7	−0.118%	$9K	$6K	20x	as long as short
Lighter SNDK	+0.0104%	1h	1,763.6	−0.012%	$1.8M	$16.5M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,761.9	−0.109%	$446K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0947%	4h	1,761.7	−0.120%	$560K	$339K	10x	as long as short