Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h 0.000%

Price spread now: SoDEX against KuCoin−0.031%7-day average +0.010% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.031%, 7d avg +0.010%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,771.9	0.0100	pay 0.0100% / 8h	5h 41m	$6.1M	$23.0M	20x
Short	SoDEX SNDK-USD	1,771.4	0.0050	get 0.0006% / 1h	41m 42s	$727K	$525K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$10.5
Price spread: −0.031% → +0.010%: −$4.1
Slippage, 4 orders: −$17.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$52.19
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; SoDEX: live order book, 5 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	0.79 bp	9.3 bp −$9	43.4 bp −$434	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.45 bp	7.8 bp −$8	40.8 bp −$408	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	1,771.6	−0.021%	$168K	$382K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,772.2	+0.014%	$4.0M	$4.7M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0094%	1h	1,771.7	−0.013%	$19K	$432K	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,772.3	+0.020%	$1.5M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.3	+0.021%	$21.6M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.3	+0.022%	$283.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.8	+0.049%	$31.9M	$107.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.3	+0.021%	$82.0M	$842.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.2	+0.016%	$182.5M	$218.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.6	+0.035%	$48.0M	$172.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,771.1	−0.044%	$2.7M	$4.7M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,773.1	+0.066%	$276K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.5	+0.032%	$15K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772	+0.006%	$1K	$3.1M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.8	−0.009%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.4	+0.028%	$2.8M	$1.2M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0019%	1h	1,772.3	+0.021%	$677	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.6	+0.035%	$1.3M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.5	+0.032%	$397K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.582%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,772.1	+0.007%	$269K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772.3	+0.020%	—	$574K	10x	as long as short
Nado SNDK-PERP	+0.0047%	1h	1,772.3	+0.024%	$331K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.7	+0.043%	$244K	$702K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.5	+0.032%	$121.8M	$153.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,772.3	+0.021%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.2	+0.015%	$188K	$125K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,771.4	−0.031%	$727K	$525K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.1	+0.010%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0053%	8h	1,772.2	+0.013%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.9	−0.003%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,772.2	+0.014%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,771.9	long leg	$6.1M	$23.0M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.1	+0.012%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.7	−0.012%	$8K	$3K	20x	as long as short
GRVT SNDK_USDT_Perp	+0.0148%	8h	1,773.8	+0.107%	$28K	$2.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,772.4	+0.027%	$445K	$2.2M	10x	as long as short
Lighter SNDK	+0.0168%	1h	1,773.2	+0.072%	$1.8M	$16.7M	20x	as long as short
edgeX SNDKUSDC	+0.0416%	4h	1,771.3	−0.036%	$563K	$340K	10x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,773.4	+0.081%	$146K	$1.5M	20x	as long as short