Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.014%

Price spread now: KuCoin against Deribit−0.054%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−$54as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Deribit Short on KuCoin

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)+0.105%+$11 · spread now −0.054%, 7d avg −0.024%

Together, before fees+0.204%+$20 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 0.029% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.099%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,790.7	0	get 0.0000% / 1h	10m 00s	$51K	$345K	10x
Short	KuCoin SNDKUSDTM	1,789.7	−0.0018	pay 0.0018% / 8h	4h 10m	$6.1M	$22.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$3.78
Price spread: −0.054% → −0.024%: −$2.93
Slippage, 4 orders: −$31.72
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.43
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Deribit: live order book, 49 min ago; KuCoin: live order book, 9 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 Deribit live order book, 49 min ago	6.34 bp	14.1 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	0.92 bp	10.7 bp −$11	39.8 bp −$398	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	1,790.8	+0.007%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	−0.042%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0071%	1h	1,790.7	+0.003%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0051%	1h	1,790.1	−0.031%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.3	−0.021%	$1.4M	$13.1M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,791.2	+0.028%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTMshort	−0.0018%	8h	1,789.7	−0.054%	$6.1M	$22.3M	20x
Aster SNDKUSD1	0.0000%	8h	1,790.7	+0.001%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.7	+0.004%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	+0.030%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.9	+0.013%	$84.1M	$827.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.4	+0.040%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.6	−0.002%	$180.4M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.5	−0.009%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	−0.027%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.058%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.4	−0.015%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.3	−0.077%	$832	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,790.7	long leg	$51K	$345K	10x
HTX SNDK-USDT	0.0000%	8h	1,789.8	−0.047%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.4	−0.016%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.5	−0.007%	$697	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.3	+0.034%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.2	+0.030%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	−0.011%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.519%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.9	−0.098%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,791	+0.016%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.3	−0.022%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.5	−0.009%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.4	−0.016%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.9	+0.013%	$118.1M	$148.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790	−0.037%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.4	−0.015%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	−0.031%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	−0.032%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.7	+0.003%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.056%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.2	−0.026%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.090%	$568K	$353K	10x	as long as short