Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h −0.016%

Price spread now: KuCoin against Ondo Perps+0.032%7-day average −0.008% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

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+0.102%+$10 · spread now +0.032%, 7d avg −0.008%

Together, before fees+0.202%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.039% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SNDK-USD.P	1,788.5	0.0010	pay 0.0001% / 1h	59m 34s	$1.4M	$5.1M	5x
Short	KuCoin SNDKUSDTM	1,789.1	0.0100	get 0.0100% / 8h	6h 59m	$6.1M	$21.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Ondo Perps. 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 Ondo PerpsbpFee KuCoinbpOrdersPrice spread, now +0.032%Rate

Funding earned: $18.98
Price spread: +0.032% → −0.008%: $3.94
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $5.93
Costs to cover: 0.170%
Break-even: 4.8 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	0.92 bp	9.8 bp −$10	35.8 bp −$358	doesn't fit	doesn't fit

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
Entropy io:SNDK	−0.0263%	1h	1,789.5	+0.056%	$4.8M	$20.4M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,789.1	+0.036%	$4.1M	$4.5M	75x	as long as short
tradeXYZ xyz:SNDK	−0.0057%	1h	1,789.2	+0.039%	$114.9M	$146.5M	10x	as long as short
Popdex SNDKUSDT	−0.0032%	1h	1,789.2	+0.039%	$246K	$644K	20x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,788.8	+0.016%	$1.9M	$18.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.2	+0.097%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.3	+0.042%	$287.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.5	+0.057%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.1	+0.034%	$86.7M	$832.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789	+0.025%	$182.1M	$230.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,789.1	+0.033%	$47.9M	$164.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.2	+0.040%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.9	+0.020%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,789.8	+0.073%	$279K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.2	+0.039%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.9	−0.036%	$774	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.2	+0.041%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.3	+0.044%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789	+0.027%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.2	+0.093%	$348K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.4	+0.108%	$714	$37K	5x	as long as short
Ondo Perps SNDK-USD.Plong	+0.0010%	1h	1,788.5	long leg	$1.4M	$5.1M	5x
Lighter SNDK	+0.0032%	1h	1,790.3	+0.099%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.7	+0.064%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.6	+0.061%	$455K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.641%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789	+0.030%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	+0.031%	—	$585K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.2	+0.041%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	+0.017%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.9	+0.023%	$731K	$515K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	+0.012%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.3	+0.044%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,789.1	+0.032%	$6.1M	$21.8M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.1	+0.033%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.4	−0.008%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.217%	$442K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0164%	4h	1,789.4	+0.051%	$568K	$354K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,790.1	+0.088%	$171K	$1.8M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.6	+0.064%	$130K	$366K	20x	as long as short