Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.6% APRpaid last 24h +0.004%

Price spread now: KuCoin against QFEX−0.027%7-day average +0.012% · 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−$45as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.052%+$5 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.027%, 7d avg +0.012%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.039% cheaper against QFEX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.012%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,786.2	−0.0023	get 0.0003% / 1h	24m 34s	$1.5M	$14.6M	10x
Short	KuCoin SNDKUSDTM	1,785.7	0.0073	get 0.0073% / 8h	5h 24m	$6.1M	$21.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $20.25
Price spread: −0.027% → +0.012%: −$3.91
Slippage, 4 orders: −$18.62
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.28
Costs to cover: 0.406%
Break-even: 15.4 days

Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 4 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 QFEX live order book, 5 min ago	1.12 bp	6.3 bp −$6	6.3 bp −$63	11.0 bp −$1,099	doesn't fit
Sell KuCoin live order book, 4 min ago	0.87 bp	13.8 bp −$14	68.8 bp −$688	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	1,786.1	−0.007%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,785.7	−0.029%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,786.4	+0.010%	$4.9M	$20.1M	10x	as long as short
Nado SNDK-PERP	−0.0039%	1h	1,787.3	+0.059%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USDlong	−0.0023%	1h	1,786.2	long leg	$1.5M	$14.6M	10x
Aster SNDKUSD1	0.0000%	8h	1,786.4	+0.009%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.9	+0.040%	$285.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.4	+0.067%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.4	+0.066%	$85.1M	$822.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.6	+0.079%	$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	1,786.5	+0.016%	$180.2M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.3	+0.007%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	−0.017%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.7	−0.027%	$17K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	−0.012%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	−0.063%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.2	−0.002%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.7	−0.032%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.2	−0.003%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787	+0.042%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0020%	1h	1,786.3	+0.004%	$114.5M	$145.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.029%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.6	+0.078%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.2	+0.053%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.8	+0.035%	$452K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.769%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.1	−0.061%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.020%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787	+0.044%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.4	+0.011%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.9	−0.018%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.1	−0.007%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	−0.007%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.5	+0.015%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0061%	4h	1,785.2	−0.055%	$567K	$351K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0073%	8h	1,785.7	−0.027%	$6.1M	$21.8M	20x
Aevo SNDK-PERP	+0.0080%	1h	1,785.6	−0.034%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.6	+0.019%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.9	+0.035%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	−0.057%	$8K	$3K	20x	as long as short