Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0183%/8h= +20.1% APRpaid last 24h +0.159%

Price spread now: edgeX against BloFin+0.197%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs+$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.015%+$101 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.197%, 7d avg −0.007%

Together, before fees+0.875%+ Points / potential airdropedgeX: Active · farm board+$87 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.203% dearer against BloFin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,759.3	−0.0120	get 0.0120% / 8h	1h 46m	$3.9M	$4.5M	75x
Short	edgeX SNDKUSDC	1,762.7	0.0063	get 0.0032% / 4h	1h 46m	$560K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now +0.197%Rate

Funding earned: $38.46
Price spread: +0.197% → −0.007%: $20.33
Slippage, 4 orders: −$11.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $25.92
Costs to cover: 0.329%
Break-even: 2.3 days

Slippage from BloFin: live order book, 2 min ago; edgeX: live order book, 62 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 BloFin live order book, 2 min ago	0.31 bp	6.8 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	5.06 bp	9.7 bp −$10	11.3 bp −$113	46.2 bp −$4,621	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
Bitget SNDKUSDT	−0.0264%	8h	1,759.4	+0.005%	$47.3M	$165.5M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,759.3	long leg	$3.9M	$4.5M	75x
KuCoin SNDKUSDTM	−0.0012%	8h	1,759.4	+0.007%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,759.1	−0.009%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.3	+0.059%	$21.5M	$33.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.1	−0.013%	$279.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.5	+0.010%	$31.7M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.2	−0.005%	$82.3M	$833.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.4	+0.065%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.1	−0.011%	$176.2M	$230.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,762.2	+0.166%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762	+0.156%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.8	+0.143%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.3	+0.001%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.8	−0.030%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.9	−0.023%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.9	−0.024%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.6	+0.017%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,757.2	−0.118%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,761.8	+0.144%	$656	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.6	+0.017%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759	−0.016%	$497K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.312%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,760.2	+0.053%	$1.8M	$16.2M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.5	+0.068%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.2	−0.005%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.1	−0.011%	$118.5M	$158.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.5	+0.069%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	−0.051%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.5	+0.009%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.1	−0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.6	+0.074%	$1.4M	$5.1M	5x	as long as short
Nado SNDK-PERP	+0.0051%	1h	1,760.3	+0.060%	$326K	$1.5M	10x	as long as short
edgeX SNDKUSDCshort	+0.0063%	4h	1,762.7	+0.197%	$560K	$353K	10x
Aevo SNDK-PERP	+0.0080%	1h	1,759.1	−0.009%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.2	−0.006%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762	+0.153%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.3	−0.001%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.393%	$432K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.3	−0.001%	$126K	$347K	20x	as long as short