Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.014%

Price spread now: KuCoin against Popdex+0.020%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Popdex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.020%, 7d avg −0.028%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.049% dearer against Popdex than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.028%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 4 days (−0.001% in total) that is about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,773.6	0.0048	pay 0.0006% / 1h	38m 07s	$244K	$651K	20x
Short	KuCoin SNDKUSDTM	1,774	−0.0046	pay 0.0046% / 8h	3h 38m	$6.1M	$22.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Popdex. 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 PopdexbpFee KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$19.74
Price spread: +0.020% → −0.028%: $4.87
Slippage, 4 orders: −$13.19
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.46
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Popdex: live order book, 16 min ago; KuCoin: live order book, 6 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 Popdex live order book, 16 min ago	0.56 bp	3.8 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.81 bp	11.2 bp −$11	58.0 bp −$580	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	−0.003%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0101%	1h	1,775.5	+0.107%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTMshort	−0.0046%	8h	1,774	+0.020%	$6.1M	$22.1M	20x
Nado SNDK-PERP	−0.0045%	1h	1,774.5	+0.050%	$345K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773	−0.036%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.116%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.5	+0.049%	$21.7M	$32.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.1	−0.028%	$282.5M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.7	+0.004%	$32.1M	$101.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.2	−0.023%	$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	+0.033%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.6	−0.001%	$178.2M	$229.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.4	−0.011%	$43.7M	$162.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.202%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.2	+0.201%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.2	+0.259%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.1	+0.028%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772	−0.092%	$822	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.9	+0.019%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.6	−0.056%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.6	+0.001%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,778.4	+0.268%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.5	+0.048%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.1	+0.030%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.6	−0.001%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.486%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	+0.124%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.7	−0.109%	—	$580K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,773.6	long leg	$244K	$651K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.046%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.2	−0.023%	$117.0M	$151.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.2	−0.023%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.9	+0.019%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774	+0.023%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.6	−0.003%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	−0.028%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.391%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.5	−0.007%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774	+0.024%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0813%	4h	1,778.6	+0.281%	$565K	$351K	10x	as long as short