Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.129%

Price spread now: edgeX against Deribit+0.099%75s7-day average −0.003% · 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−$460.459% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.681%+$68 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.099%, 7d avg −0.003%

Together, before fees+0.629%+ Points / potential airdropedgeX: Active · farm board+$63 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 0.102% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 75 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	Deribit SNDK_USDC-PERPETUAL	1,755.5	0	get 0.0000% / 1h	28m 19s	$50K	$347K	10x
Short	edgeX SNDKUSDC	1,757.2	0.0180	get 0.0090% / 4h	2h 28m	$558K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $37.85
Price spread: +0.099% → −0.003%: $10.2
Slippage, 4 orders: −$29.94
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2.11
Costs to cover: 0.459%
Break-even: 6.6 days

Slippage from Deribit: live order book, 20 min ago; edgeX: live order book, 20 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 Deribit live order book, 20 min ago	8.19 bp	12.7 bp −$13	16.8 bp −$168	doesn't fit	doesn't fit
Sell edgeX live order book, 20 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	−0.0253%	8h	1,755.6	+0.007%	$44.5M	$162.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.1	+0.263%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,756	+0.028%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0013%	1h	1,757.9	+0.137%	$4.7M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,754.8	−0.040%	$1.4M	$10.7M	10x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,756.7	+0.068%	$329K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,756.7	+0.068%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,755.5	0.000%	$278.9M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,756.1	+0.032%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,755.5	+0.001%	$81.4M	$825.5M	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	1,756.3	+0.044%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,755.7	+0.014%	$175.0M	$230.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.8	+0.186%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760	+0.255%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.4	+0.280%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,755.6	+0.005%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,755.2	−0.019%	$839	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,755.5	long leg	$50K	$347K	10x
HTX SNDK-USDT	0.0000%	8h	1,755.1	−0.025%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,756.1	+0.035%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0008%	1h	1,753.7	−0.100%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.9	+0.248%	$655	$38K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,756.4	+0.051%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,756	+0.031%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,754.9	−0.034%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.533%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.6	+0.175%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.9	+0.023%	$242K	$656K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,755.4	−0.003%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,755.8	+0.018%	$117.2M	$156.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,755.3	−0.011%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,755.3	−0.011%	$718K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.2	+0.040%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,756.9	+0.081%	$1.7M	$16.1M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.195%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,755.4	−0.005%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,756.4	+0.052%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,754.5	−0.058%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,755.4	−0.004%	$126K	$354K	20x	as long as short
edgeX SNDKUSDCshort	+0.0180%	4h	1,757.2	+0.099%	$558K	$353K	10x