Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h −0.002%

Price spread now: Injective against KuCoin+2.172%115s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 2.172% dearer against KuCoin than usual: you sell high and buy low: +$217 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour. The two prices were read 115 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	KuCoin SNDKUSDTM	1,761.7	−0.0002	get 0.0002% / 8h	3m 24s	$6.0M	$22.6M	20x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	3m 24s	$36	$9K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.172%Rate

Funding earned: $7.42
Price spread: +2.172% → 0.000%: $217.18
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $212.58
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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	0.45 bp	10.6 bp −$11	42.9 bp −$429	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0243%	8h	1,762.8	+0.063%	$50.0M	$166.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.7	−0.003%	$4.0M	$4.6M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0039%	1h	1,762.2	+0.029%	$51K	$356K	10x	as long as short
Nado SNDK-PERP	−0.0004%	1h	1,762.8	+0.065%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTMlong	−0.0002%	8h	1,761.7	long leg	$6.0M	$22.6M	20x
QFEX SNDK-USD	−0.0001%	1h	1,762.8	+0.060%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.061%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.5	+0.047%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.8	+0.062%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.4	+0.040%	$82.4M	$833.1M	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	1,763.4	+0.098%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.5	+0.044%	$179.0M	$229.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.036%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761	−0.037%	$20K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.6	−0.006%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.6	+0.051%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.9	+0.012%	$722	$3.4M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.7	0.000%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.4	+0.039%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,760.5	−0.069%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,762.5	+0.048%	$673	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.9	+0.066%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	−0.001%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+2.172%	$36	$9K	12x
Lighter SNDK	+0.0040%	1h	1,763.4	+0.098%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.062%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.9	+0.068%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.6	+0.051%	$120.0M	$157.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.6	−0.006%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.5	−0.011%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.8	+0.005%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.3	+0.036%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.6	+0.051%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762	+0.018%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.4	+0.040%	$198K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.2	−0.030%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.8	+0.007%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762	+0.016%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.7	+0.059%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0436%	4h	1,760.7	−0.059%	$559K	$351K	10x	as long as short