Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.005%

Price spread now: KuCoin against SoDEX−0.080%53s7-day average −0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.404% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.080%, 7d avg −0.010%

Together, before fees+0.189%+$19 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 0.071% cheaper against SoDEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 53 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	SoDEX SNDK-USD	1,759.8	0.0050	pay 0.0006% / 1h	57m 16s	$720K	$515K	10x
Short	KuCoin SNDKUSDTM	1,758.4	0.0026	get 0.0026% / 8h	6h 57m	$6.0M	$22.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$5.04
Price spread: −0.080% → −0.010%: −$7.06
Slippage, 4 orders: −$20.41
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.51
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from SoDEX: live order book, 36 min ago; KuCoin: live order book, 2 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 SoDEX live order book, 36 min ago	0.03 bp	7.7 bp −$8	42.6 bp −$426	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.94 bp	15.0 bp −$15	534.1 bp −$5,341	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	−0.0126%	8h	1,759.4	−0.024%	$49.7M	$168.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.8	−0.001%	$3.9M	$4.6M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.1	−0.041%	$21.4M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.9	−0.052%	$279.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.6	−0.011%	$32.0M	$105.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.9	+0.006%	$82.1M	$827.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.5	+0.038%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.5	−0.015%	$181.1M	$216.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.2	−0.093%	$2.6M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.3	−0.085%	$23K	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,759.4	−0.023%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.6	−0.011%	$13K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759	−0.048%	$587	$3.2M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.6	−0.014%	$51K	$358K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760	+0.013%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.8	−0.003%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,758.6	−0.068%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,759.3	−0.031%	$673	$38K	5x	as long as short
KuCoin SNDKUSDTMshort	+0.0026%	8h	1,758.4	−0.080%	$6.0M	$22.6M	20x
Lighter RH SNDK	+0.0032%	1h	1,759.3	−0.027%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.8	0.000%	$390K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.282%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	−0.077%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,759.7	−0.007%	—	$571K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.6	−0.011%	$242K	$665K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.5	−0.017%	$119.4M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759	−0.045%	$4.5M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.9	−0.051%	$186K	$130K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,759.8	long leg	$720K	$515K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759	−0.045%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0052%	8h	1,759	−0.046%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0071%	1h	1,758.5	−0.074%	$336K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.3	−0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.4	−0.080%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,757.4	−0.139%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.9	−0.049%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0120%	4h	1,759.5	−0.015%	$559K	$338K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,758.7	−0.062%	$440K	$2.1M	10x	as long as short
Lighter SNDK	+0.0144%	1h	1,760.2	+0.020%	$1.7M	$16.5M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,760.1	+0.019%	$128K	$333K	20x	as long as short