Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%

Price spread now: tradeXYZ against KuCoin+0.006%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days+0.005%+$1 · spread now +0.006%, 7d avg −0.021%

Together, before fees−0.074%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.021%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,789.2	0.0100	pay 0.0100% / 8h	7h 00m	$6.1M	$21.8M	20x
Short	tradeXYZ xyz:SNDK	1,789.3	0.0050	get 0.0006% / 1h	0m 09s	$114.9M	$146.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$10.5
Price spread: +0.006% → −0.021%: $2.74
Slippage, 4 orders: −$14.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$51.89
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago	0.92 bp	15.5 bp −$15	61.2 bp −$612	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.28 bp	9.6 bp −$10	10.4 bp −$104	14.2 bp −$1,421	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	1,789.1	−0.003%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.6	+0.025%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.4	+0.065%	$287.3M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790	+0.042%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.9	−0.016%	$86.7M	$832.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.4	+0.014%	$182.3M	$236.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.3	+0.005%	$47.9M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.2	+0.002%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.4	+0.121%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,790.9	+0.096%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,789.3	+0.008%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.9	−0.074%	$774	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.2	+0.003%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.3	+0.006%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789	−0.012%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.2	+0.001%	$1.9M	$18.5M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.2	+0.055%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,790.6	+0.081%	$348K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.4	+0.069%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.1	+0.053%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.042%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.047%	$455K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.602%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.2	+0.003%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.4	+0.012%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.3	+0.006%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790	+0.046%	—	—	5x	as long as short
tradeXYZ xyz:SNDKshort	+0.0050%	1h	1,789.3	+0.006%	$114.9M	$146.5M	10x
Entropy io:SNDK	+0.0050%	1h	1,789.3	+0.006%	$4.8M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	+0.001%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.9	−0.016%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.7	−0.027%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	+0.024%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,789.2	long leg	$6.1M	$21.8M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.1	−0.006%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.4	−0.046%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.178%	$442K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0164%	4h	1,789.4	+0.012%	$568K	$354K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.6	+0.025%	$130K	$366K	20x	as long as short