Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.013%

Price spread now: Deribit against KuCoin−0.040%7-day average +0.024% · 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−$59as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.040%, 7d avg +0.024%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.064% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.024%). If the spread goes back, that is −$6 on $10k: about 4.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,773.7	−0.0046	get 0.0046% / 8h	3h 38m	$6.1M	$22.1M	20x
Short	Deribit SNDK_USDC-PERPETUAL	1,773	0	get 0.0000% / 1h	38m 56s	$51K	$346K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.040%Rate

Funding earned: $9.66
Price spread: −0.040% → +0.024%: −$6.41
Slippage, 4 orders: −$33.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.72
Costs to cover: 0.530%
Break-even: 43.0 days

Slippage from KuCoin: live order book, 5 min ago; Deribit: live order book, 15 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, 5 min ago	0.81 bp	12.9 bp −$13	56.6 bp −$566	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	10.73 bp	14.6 bp −$15	17.4 bp −$174	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	1,773.6	−0.007%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0107%	1h	1,776.8	+0.176%	$4.8M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0046%	1h	1,775.5	+0.103%	$345K	$1.5M	10x	as long as short
KuCoin SNDKUSDTMlong	−0.0046%	8h	1,773.7	long leg	$6.1M	$22.1M	20x
QFEX SNDK-USD	−0.0019%	1h	1,773.9	+0.011%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.112%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.2	+0.030%	$21.6M	$32.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.7	0.000%	$282.6M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.9	+0.014%	$32.1M	$101.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.9	+0.013%	$82.6M	$824.5M	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	1,775.3	+0.093%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.4	−0.014%	$178.3M	$229.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.3	+0.036%	$43.6M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.198%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.2	+0.197%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.2	+0.255%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.9	−0.043%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.3	−0.134%	$964	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,773	−0.040%	$51K	$346K	10x
HTX SNDK-USDT	0.0000%	8h	1,772.7	−0.053%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.9	+0.013%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,779.5	+0.329%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.9	+0.011%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.5	−0.011%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.1	+0.026%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.482%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.3	+0.204%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772.8	−0.047%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.6	+0.052%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.2	+0.028%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.3	−0.021%	$117.0M	$151.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.6	−0.004%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773	−0.041%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774.8	+0.064%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.7	−0.054%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.4	+0.039%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.387%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772	−0.096%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,773.4	−0.014%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0813%	4h	1,778.6	+0.277%	$565K	$351K	10x	as long as short