Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.104%

Price spread now: edgeX against Bybit−0.100%81s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs+$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.382% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.083%+$108 on $10k

Price spread, last 3 days (all we have)+0.095%+$10 · spread now −0.100%, 7d avg −0.019%

Together, before fees+1.178%+ Points / potential airdropedgeX: Active · farm board+$118 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.081% cheaper against Bybit than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.019%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+1.083% in total) that is about 13 hours. The two prices were read 81 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	Bybit SNDKUSDT	1,770.6	0	get 0.0000% / 8h	2h 00m	$31.6M	$105.8M	100x
Short	edgeX SNDKUSDC	1,768.8	0.0228	get 0.0114% / 4h	2h 00m	$562K	$355K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $47.85
Price spread: −0.100% → −0.019%: −$8.07
Slippage, 4 orders: −$18.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.62
Costs to cover: 0.382%
Break-even: 6.8 days

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 24 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 Bybit live order book, 4 min ago	0.03 bp	10.8 bp −$11	12.7 bp −$127	36.3 bp −$3,632	doesn't fit
Sell edgeX live order book, 24 min ago	5.06 bp	9.6 bp −$10	11.3 bp −$113	46.9 bp −$4,689	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	1,768.5	−0.121%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,769.2	−0.080%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.6	−0.113%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,769.3	−0.074%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.6	+0.002%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.2	−0.022%	$286.9M	$1.90B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,770.6	long leg	$31.6M	$105.8M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.9	+0.017%	$87.8M	$847.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.2	−0.020%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,770.7	+0.006%	$183.6M	$245.2M	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	1,771	+0.020%	$49.6M	$171.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,768.5	−0.117%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.8	−0.103%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769.5	−0.062%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768	−0.147%	$877	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.2	+0.033%	$49K	$233K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.6	−0.054%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771	+0.020%	$2.8M	$952K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,769.5	−0.061%	$681	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.1	+0.029%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.8	+0.012%	$1.4M	$10.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770	−0.036%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.658%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.2	−0.024%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,768.1	−0.143%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.8	−0.045%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.6	0.000%	$112.1M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.5	−0.119%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.7	−0.051%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769.2	−0.081%	$723K	$550K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.4	−0.068%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769.1	−0.083%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,771.2	+0.034%	$129K	$416K	20x	as long as short
Nado SNDK-PERP	+0.0076%	1h	1,768.8	−0.099%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.2	−0.023%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769.4	−0.068%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,769.9	−0.037%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	−0.064%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.9	−0.041%	$8K	$2K	20x	as long as short
edgeX SNDKUSDCshort	+0.0228%	4h	1,768.8	−0.100%	$562K	$355K	10x