Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0668%/8h= −73.1% APRpaid last 24h −0.111%

Price spread now: Bitget against edgeX+0.123%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.999%−$100 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.123%, 7d avg −0.001%

Together, before fees−1.129%+ Points / potential airdropedgeX: Active · farm board−$113 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.124% dearer against edgeX than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.001%): +$12 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,786.9	0.0668	pay 0.0334% / 4h	43m 24s	$568K	$353K	10x
Short	Bitget SNDKUSDT	1,789.1	0	get 0.0000% / 8h	4h 43m	$43.8M	$161.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$140.27
Price spread: +0.123% → −0.001%: $12.41
Slippage, 4 orders: −$13.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$161.91
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; Bitget: live order book, 6 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 edgeX live order book, 15 min ago	5.06 bp	9.6 bp −$10	11.2 bp −$112	46.7 bp −$4,671	doesn't fit
Sell Bitget live order book, 6 min ago	0.36 bp	7.4 bp −$7	10.9 bp −$109	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	1,787.6	+0.039%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0111%	1h	1,788.7	+0.098%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0103%	1h	1,790.7	+0.208%	$310K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,788.5	+0.087%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.5	+0.143%	$1.5M	$13.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.069%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.4	+0.138%	$21.7M	$37.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.9	+0.167%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.2	+0.184%	$32.5M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.5	+0.143%	$84.7M	$825.4M	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	1,790.7	+0.209%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	+0.163%	$180.1M	$230.7M	75x	as long as short
Bitget SNDKUSDTshort	0.0000%	8h	1,789.1	+0.123%	$43.8M	$161.7M	75x
Variational Omni SNDK	0.0000%	8h	1,787.3	+0.019%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.7	+0.040%	$12K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.4	+0.138%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.6	+0.034%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,788.9	+0.110%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788	+0.060%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.1	+0.120%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,788.9	+0.112%	$666	$37K	5x	as long as short
KuCoin SNDKUSDTM	+0.0020%	8h	1,788.6	+0.092%	$6.1M	$22.3M	20x	as long as short
tradeXYZ xyz:SNDK	+0.0031%	1h	1,789.6	+0.149%	$115.1M	$146.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.6	+0.204%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.2	+0.182%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.7	+0.155%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.729%	$36	$9K	12x	as long as short
Popdex SNDKUSDT	+0.0040%	1h	1,789.4	+0.138%	$246K	$647K	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.005%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.4	+0.137%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789	+0.115%	—	$581K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.7	+0.157%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789	+0.115%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.4	+0.079%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788	+0.059%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.3	+0.074%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790	+0.173%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.1	+0.062%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,787.8	+0.046%	$8K	$3K	20x	as long as short
edgeX SNDKUSDClong	+0.0668%	4h	1,786.9	long leg	$568K	$353K	10x