Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.098%

Price spread now: KuCoin against edgeX+0.029%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.007%−$101 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.029%, 7d avg −0.021%

Together, before fees−1.022%+ Points / potential airdropedgeX: Active · farm board−$102 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.050% dearer against edgeX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.021%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,771.3	0.0416	pay 0.0208% / 4h	1h 42m	$563K	$340K	10x
Short	KuCoin SNDKUSDTM	1,771.8	0.0100	get 0.0100% / 8h	5h 42m	$6.1M	$23.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$66.31
Price spread: +0.029% → −0.021%: $4.99
Slippage, 4 orders: −$19.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$102.06
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; KuCoin: live order book, 4 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 edgeX live order book, 4 min ago	5.05 bp	9.6 bp −$10	11.4 bp −$114	46.4 bp −$4,636	doesn't fit
Sell KuCoin live order book, 4 min ago	0.79 bp	12.1 bp −$12	65.0 bp −$650	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0258%	1h	1,771	−0.016%	$168K	$382K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,772.2	+0.050%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,771.3	+0.001%	$1.5M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.4	+0.060%	$21.6M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.6	+0.073%	$283.1M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.8	+0.086%	$31.9M	$107.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.7	+0.079%	$82.1M	$842.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.4	+0.061%	$182.5M	$218.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.5	+0.065%	$48.0M	$172.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.1	−0.009%	$2.7M	$4.7M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,773.1	+0.102%	$276K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.6	+0.016%	$15K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.2	−0.005%	$864	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.1	−0.013%	$19K	$432K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.3	+0.003%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	+0.055%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0019%	1h	1,772.5	+0.067%	$677	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772	+0.042%	$1.3M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771	−0.017%	$397K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.618%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771	−0.015%	$269K	$1.4M	10x	as long as short
Nado SNDK-PERP	+0.0045%	1h	1,771.1	−0.011%	$331K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.6	+0.019%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772	+0.040%	$244K	$699K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.8	+0.029%	$121.7M	$153.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,772.1	+0.046%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.4	+0.006%	$187K	$115K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.2	−0.005%	$727K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.7	−0.034%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0053%	8h	1,770.8	−0.029%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.5	+0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.6	+0.016%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,771.8	+0.029%	$6.1M	$23.0M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.1	+0.048%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.5	+0.012%	$8K	$3K	20x	as long as short
GRVT SNDK_USDT_Perp	+0.0148%	8h	1,773.8	+0.143%	$28K	$2.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,772.4	+0.063%	$445K	$2.2M	10x	as long as short
Lighter SNDK	+0.0168%	1h	1,772.7	+0.079%	$1.8M	$16.7M	20x	as long as short
edgeX SNDKUSDClong	+0.0416%	4h	1,771.3	long leg	$563K	$340K	10x
RISEx SNDK/USDC	+0.0898%	1h	1,773	+0.096%	$146K	$1.5M	20x	as long as short