Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h +0.004%

Price spread now: KuCoin against QFEX−0.071%7-day average +0.013% · 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−$47as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.053%+$5 on $10k

Price spread, last 7 days+0.065%+$6 · spread now −0.071%, 7d avg +0.013%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.083% cheaper against QFEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,770.4	−0.0004	get 0.0000% / 1h	47m 52s	$1.4M	$11.2M	10x
Short	KuCoin SNDKUSDTM	1,769.2	−0.0043	pay 0.0043% / 8h	2h 47m	$6.1M	$22.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$8.29
Price spread: −0.071% → +0.013%: −$8.32
Slippage, 4 orders: −$16.45
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.06
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; KuCoin: live order book, 6 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 QFEX live order book, 6 min ago	0.03 bp	6.4 bp −$6	6.4 bp −$64	12.4 bp −$1,245	doesn't fit
Sell KuCoin live order book, 6 min ago	0.99 bp	11.6 bp −$12	40.5 bp −$405	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	1,770.4	−0.003%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTMshort	−0.0043%	8h	1,769.2	−0.071%	$6.1M	$22.1M	20x
Nado SNDK-PERP	−0.0023%	1h	1,771	+0.031%	$338K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0014%	8h	1,769.1	−0.074%	$44.6M	$162.8M	75x	as long as short
QFEX SNDK-USDlong	−0.0004%	1h	1,770.4	long leg	$1.4M	$11.2M	10x
Aster SNDKUSD1	0.0000%	8h	1,769.9	−0.032%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.8	−0.093%	$279.4M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.1	−0.073%	$31.7M	$103.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.8	−0.092%	$82.5M	$830.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,771.5	+0.058%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,768.4	−0.113%	$177.7M	$228.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,772.2	+0.101%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.5	+0.118%	$22K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	+0.072%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769.4	−0.058%	$15K	$285K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.8	−0.037%	$848	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.5	−0.054%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.6	−0.045%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769.2	−0.068%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	0.0000%	1h	1,770.2	−0.013%	$4.8M	$19.8M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,770.7	+0.013%	$686	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,768.7	−0.099%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,770.4	−0.002%	$197K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.7	−0.043%	$1.3M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.8	−0.091%	$422K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.668%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.3	−0.007%	$263K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.1	−0.019%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.4	+0.001%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.1	−0.075%	$117.8M	$154.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.2	−0.069%	$185K	$132K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.3	+0.162%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,773.7	+0.186%	$435K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,769.2	−0.070%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.7	+0.126%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.7	−0.099%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,770.3	−0.005%	$1.8M	$15.8M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,770	−0.023%	$128K	$355K	20x	as long as short
SoDEX SNDK-USD	+0.0350%	1h	1,769.7	−0.043%	$723K	$513K	10x	as long as short
edgeX SNDKUSDC	+0.0742%	4h	1,771.1	+0.037%	$562K	$352K	10x	as long as short