Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.001%

Price spread now: Bullet against KuCoin−0.028%46s7-day average +0.021% · 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—prices read too far apart to compare

costs, in and out, $10k−$370.367% of the position

Long on KuCoin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.028%, 7d avg +0.021%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.021%). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 46 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	1,773.4	−0.0046	get 0.0046% / 8h	3h 38m	$6.1M	$22.1M	20x
Short	Bullet SNDK-USD	1,772.9	0	get 0.0000% / 1h	38m 40s	$14K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.028%Rate

Funding earned: $9.66
Price spread: −0.028% → +0.021%: −$4.94
Slippage, 4 orders: −$16.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$32
Costs to cover: 0.367%
Break-even: 30.2 days

Slippage from KuCoin: live order book, 5 min ago; Bullet: live order book, 15 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, 5 min ago	0.81 bp	12.9 bp −$13	56.6 bp −$566	doesn't fit	doesn't fit
Sell Bullet live order book, 15 min ago	0.56 bp	6.4 bp −$6	20.3 bp −$203	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	1,773.6	+0.007%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0101%	1h	1,775.5	+0.117%	$4.8M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0046%	1h	1,775.5	+0.117%	$345K	$1.5M	10x	as long as short
KuCoin SNDKUSDTMlong	−0.0046%	8h	1,773.4	long leg	$6.1M	$22.1M	20x
QFEX SNDK-USD	−0.0019%	1h	1,773	−0.025%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.126%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.5	+0.063%	$21.7M	$32.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773	−0.021%	$282.5M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.5	+0.002%	$32.1M	$101.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.5	+0.005%	$82.6M	$824.3M	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	1,774.2	+0.043%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.5	+0.006%	$178.2M	$229.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.3	−0.008%	$43.5M	$162.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.212%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.2	+0.211%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.2	+0.270%	$277K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,772.9	−0.028%	$14K	$288K	10x
SunX SNDK-USDT	0.0000%	8h	1,771.3	−0.120%	$964	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773	−0.026%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.7	−0.039%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.9	+0.027%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,779.5	+0.344%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.7	+0.013%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.3	−0.006%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.1	−0.017%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.497%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	+0.134%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772.8	−0.033%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.6	+0.010%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.036%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.2	−0.012%	$117.0M	$151.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.6	+0.010%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773	−0.027%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774	+0.033%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.7	−0.039%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	−0.018%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.401%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772	−0.082%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,773.4	+0.001%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0813%	4h	1,778.6	+0.291%	$565K	$351K	10x	as long as short