Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0362%/8h= +39.7% APRpaid last 24h +0.125%

Price spread now: edgeX against Arcus+0.085%54s7-day average +0.046% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.391% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.598%+$60 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.085%, 7d avg +0.046%

Together, before fees+0.556%+ Points / potential airdropedgeX: Active · farm board+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.039% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,775.8	0.0040	pay 0.0005% / 1h	26m 34s	$265K	$1.5M	10x
Short	edgeX SNDKUSDC	1,777.3	0.0403	get 0.0201% / 4h	3h 26m	$564K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $76.09
Price spread: +0.085% → +0.046%: $3.88
Slippage, 4 orders: −$25.61
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $40.86
Costs to cover: 0.391%
Break-even: 3.2 days

Slippage from Arcus: live order book, 2 min ago; edgeX: live order book, 27 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 Arcus live order book, 2 min ago	1.01 bp	7.8 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell edgeX live order book, 27 min ago	5.04 bp	9.6 bp −$10	11.5 bp −$115	47.3 bp −$4,733	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
Deribit SNDK_USDC-PERPETUAL	−0.0122%	1h	1,775.5	−0.015%	$51K	$346K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,775.9	+0.004%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,776.1	+0.017%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0035%	1h	1,775.6	−0.009%	$345K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0021%	1h	1,776.4	+0.034%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773.9	−0.108%	$1.4M	$12.1M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,778	+0.124%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776	+0.010%	$21.7M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.5	−0.073%	$282.4M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,775	−0.043%	$32.3M	$101.8M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.3	−0.084%	$82.6M	$824.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,775.4	−0.024%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.4	−0.082%	$177.1M	$230.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.2	−0.089%	$44.3M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.5	+0.098%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	+0.116%	$20K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.5	+0.096%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,776.3	+0.029%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,775.7	−0.006%	$904	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,776.6	+0.047%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.8	+0.002%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,777.5	+0.096%	$734	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.6	−0.010%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.6	−0.066%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.2	−0.088%	$437K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.361%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,775.8	long leg	$265K	$1.5M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.3	−0.139%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.6	−0.068%	$245K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.7	−0.117%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.5	−0.073%	$117.2M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.2	−0.090%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.9	+0.003%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777.8	+0.113%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.9	+0.008%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.5	−0.072%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.3	+0.142%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.2	+0.024%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,776.6	+0.046%	$128K	$353K	20x	as long as short
edgeX SNDKUSDCshort	+0.0403%	4h	1,777.3	+0.085%	$564K	$351K	10x