Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h +0.016%

Price spread now: Ondo Perps against KuCoin+0.082%7-day average +0.006% · you sell dearer than you buy

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 7 days−0.385%−$39 · spread now +0.082%, 7d avg +0.006%

Together, before fees−0.484%+ Points / potential airdropOndo Perps: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.076% dearer against KuCoin than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.006%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,785.2	0.0100	pay 0.0100% / 8h	6h 13m	$6.1M	$21.6M	20x
Short	Ondo Perps SNDK-USD.P	1,786.7	0.0050	get 0.0006% / 1h	13m 36s	$1.4M	$5.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$10.42
Price spread: +0.082% → +0.006%: $7.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.82
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Ondo Perps: 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	0.42 bp	11.5 bp −$11	56.4 bp −$564	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0186%	1h	1,786.7	+0.082%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	+0.015%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0032%	1h	1,786.2	+0.054%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0032%	1h	1,787.7	+0.140%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.5	+0.016%	$1.7M	$16.3M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0015%	1h	1,786	+0.043%	$114.4M	$146.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.5	+0.072%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.6	+0.019%	$285.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.7	+0.026%	$32.0M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.2	−0.002%	$85.5M	$828.1M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786	+0.042%	$180.9M	$232.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.8	+0.031%	$43.9M	$164.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	+0.006%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.030%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.9	+0.093%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786	+0.045%	$723	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	+0.069%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.6	+0.076%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786.4	+0.063%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.9	+0.094%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.8	+0.086%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.7	+0.080%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.825%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.7	−0.030%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.5	+0.016%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,785.7	+0.027%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.3	+0.003%	$246K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.7	−0.030%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.3	+0.058%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.Pshort	+0.0050%	1h	1,786.7	+0.082%	$1.4M	$5.1M	5x
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	+0.067%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.018%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.3	+0.058%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,785.2	long leg	$6.1M	$21.6M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786	+0.041%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.1	+0.046%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.4	+0.119%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,786.8	+0.089%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0689%	4h	1,785.4	+0.010%	$567K	$354K	10x	as long as short