Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h +0.016%

Price spread now: Ondo Perps against KuCoin−0.027%7-day average +0.008% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 7 days−0.107%−$11 · spread now −0.027%, 7d avg +0.008%

Together, before fees−0.206%+ Points / potential airdropOndo Perps: Active · farm board−$21 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 Ondo Perps is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,789.2	0.0100	pay 0.0100% / 8h	6h 59m	$6.1M	$21.8M	20x
Short	Ondo Perps SNDK-USD.P	1,788.7	0.0050	get 0.0006% / 1h	59m 58s	$1.4M	$5.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$10.42
Price spread: −0.027% → +0.008%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$30.91
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 4 min ago	0.92 bp	15.5 bp −$15	61.2 bp −$612	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,789.1	−0.003%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.6	+0.020%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790	+0.045%	$287.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.025%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.3	+0.006%	$86.7M	$832.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789	−0.012%	$182.2M	$236.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.7	−0.026%	$47.8M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.2	+0.002%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.4	+0.121%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,790.9	+0.096%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,789.3	+0.008%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.9	−0.074%	$774	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.2	+0.003%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.3	+0.006%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789	−0.012%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.2	+0.001%	$1.9M	$18.5M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.2	+0.055%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,790.6	+0.081%	$348K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.4	+0.069%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.1	+0.053%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.042%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.1	+0.053%	$455K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.602%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.2	+0.003%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.4	+0.012%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.3	+0.006%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790	+0.046%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.1	−0.005%	$114.9M	$146.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.3	+0.006%	$4.8M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	+0.001%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.9	−0.016%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.Pshort	+0.0050%	1h	1,788.7	−0.027%	$1.4M	$5.1M	5x
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	+0.024%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,789.2	long leg	$6.1M	$21.8M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.1	−0.006%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.4	−0.046%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.178%	$442K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0164%	4h	1,789.4	+0.012%	$568K	$354K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.6	+0.025%	$130K	$366K	20x	as long as short