Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.016%

Price spread now: SoDEX against KuCoin−0.040%7-day average +0.011% · 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−$420.423% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.040%, 7d avg +0.011%

Together, before fees−0.072%−$7 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 SoDEX is 0.051% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,787.3	0.0070	pay 0.0070% / 8h	5h 21m	$6.1M	$21.9M	20x
Short	SoDEX SNDK-USD	1,786.6	0.0050	get 0.0006% / 1h	21m 30s	$730K	$515K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$4.2
Price spread: −0.040% → +0.011%: −$5.12
Slippage, 4 orders: −$22.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$51.65
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; SoDEX: live order book, 42 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, 7 min ago	0.87 bp	13.3 bp −$13	54.8 bp −$548	doesn't fit	doesn't fit
Sell SoDEX live order book, 42 min ago	0.03 bp	7.6 bp −$8	40.2 bp −$402	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	1,786.8	−0.032%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.4	−0.053%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0044%	1h	1,787.4	+0.003%	$4.9M	$20.1M	10x	as long as short
Nado SNDK-PERP	−0.0037%	1h	1,788.5	+0.064%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,787.7	+0.019%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.4	+0.060%	$21.8M	$36.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.2	+0.046%	$285.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788.6	+0.068%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.6	+0.070%	$85.2M	$823.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,789.2	+0.102%	$171K	$1.8M	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	1,788.2	+0.050%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788	+0.034%	$43.9M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	−0.080%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.039%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.6	−0.042%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.3	−0.115%	$877	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.8	−0.031%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.2	−0.062%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.9	−0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,787	−0.018%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0022%	1h	1,787.8	+0.026%	$114.6M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.092%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.1	+0.098%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.5	+0.065%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.5	+0.065%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.706%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.7	−0.093%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.5	+0.007%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.2	+0.048%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787.9	+0.033%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788	+0.037%	$188K	$128K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,786.6	−0.040%	$730K	$515K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	−0.069%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,787.2	−0.010%	$130K	$352K	20x	as long as short
KuCoin SNDKUSDTMlong	+0.0070%	8h	1,787.3	long leg	$6.1M	$21.9M	20x
Aevo SNDK-PERP	+0.0080%	1h	1,786.2	−0.064%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,788	+0.036%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.3	−0.004%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.2	−0.067%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0903%	4h	1,785.7	−0.089%	$567K	$352K	10x	as long as short