Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.112%

Price spread now: edgeX against KuCoin−0.037%98s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs+$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.463% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.042%+$104 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.037%, 7d avg +0.021%

Together, before fees+1.056%+ Points / potential airdropedgeX: Active · farm board+$106 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.042%, so the current rate has only just turned against you. The two prices were read 98 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	1,785.9	0.0073	pay 0.0073% / 8h	5h 23m	$6.1M	$21.8M	20x
Short	edgeX SNDKUSDC	1,785.2	0.0061	get 0.0030% / 4h	1h 23m	$567K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$2.59
Price spread: −0.037% → +0.021%: −$5.72
Slippage, 4 orders: −$25.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$54.64
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; edgeX: live order book, 40 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	0.87 bp	13.3 bp −$13	54.8 bp −$548	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	5.07 bp	9.6 bp −$10	11.4 bp −$114	46.3 bp −$4,628	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	1,786.1	+0.012%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,785.7	−0.011%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,786.4	+0.029%	$4.9M	$20.1M	10x	as long as short
Nado SNDK-PERP	−0.0039%	1h	1,787.3	+0.078%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.2	+0.018%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.037%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787	+0.062%	$285.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.5	+0.091%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.4	+0.085%	$85.2M	$822.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.6	+0.097%	$170K	$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	1,786.9	+0.057%	$180.2M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.8	+0.052%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	+0.002%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.7	−0.008%	$17K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.7	+0.045%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.9	+0.001%	$839	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787.1	+0.069%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.8	+0.050%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.9	+0.057%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,787	+0.061%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0021%	1h	1,786.6	+0.040%	$114.5M	$145.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.011%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,788	+0.120%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.6	+0.095%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.9	+0.058%	$452K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.788%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.1	−0.043%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.1	+0.011%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787	+0.062%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.4	+0.029%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.6	+0.040%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.7	+0.043%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	+0.012%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,787.4	+0.086%	$130K	$352K	20x	as long as short
edgeX SNDKUSDCshort	+0.0061%	4h	1,785.2	−0.037%	$567K	$351K	10x
KuCoin SNDKUSDTMlong	+0.0073%	8h	1,785.9	long leg	$6.1M	$21.8M	20x
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	+0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.6	+0.038%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.9	+0.054%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.3	+0.024%	$8K	$3K	20x	as long as short