Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.014%

Price spread now: KuCoin against Popdex+0.001%7-day average −0.028% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Popdex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.001%, 7d avg −0.028%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.029% dearer against Popdex than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.028%): +$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 41 hours. At the pace of the last 4 days (−0.002% in total) that is about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,758.3	0.0048	pay 0.0006% / 1h	55m 36s	$242K	$654K	20x
Short	KuCoin SNDKUSDTM	1,758.3	−0.0009	pay 0.0009% / 8h	55m 36s	$6.0M	$22.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Popdex. 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 PopdexbpFee KuCoinbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$11.97
Price spread: +0.001% → −0.028%: $2.9
Slippage, 4 orders: −$11.68
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.15
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Popdex: live order book, 48 min ago; KuCoin: live order book, 3 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 Popdex live order book, 48 min ago	0.28 bp	3.5 bp −$3	6.2 bp −$62	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.94 bp	12.2 bp −$12	42.0 bp −$420	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
Bitget SNDKUSDT	−0.0304%	8h	1,757.9	−0.024%	$48.3M	$167.3M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0131%	1h	1,758.4	+0.008%	$51K	$351K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.3	0.000%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0074%	1h	1,759	+0.042%	$327K	$1.5M	10x	as long as short
KuCoin SNDKUSDTMshort	−0.0009%	8h	1,758.3	+0.001%	$6.0M	$22.3M	20x
QFEX SNDK-USD	−0.0001%	1h	1,757.4	−0.051%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.3	+0.057%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.4	+0.008%	$278.7M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.1	−0.014%	$31.9M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,757.8	−0.028%	$82.1M	$833.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,758.9	+0.034%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,757.9	−0.023%	$177.0M	$227.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.5	+0.012%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.4	+0.006%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.8	+0.028%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.6	+0.016%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.8	+0.031%	$704	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.4	+0.005%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	+0.042%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,760.2	+0.107%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756.3	−0.116%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,758.5	+0.011%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758	−0.017%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,757.8	−0.026%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.369%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.2	−0.008%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,758.3	long leg	$242K	$654K	20x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,757.4	−0.051%	$118.7M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,758.8	+0.028%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.6	−0.040%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.7	+0.022%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.7	−0.033%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.6	+0.017%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.6	+0.016%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,757.6	−0.040%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.6	+0.133%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.1	−0.010%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.076%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,759	+0.042%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0922%	4h	1,757.9	−0.026%	$558K	$350K	10x	as long as short