Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0903%/8h= −98.9% APRpaid last 24h −0.111%

Price spread now: Bullet against edgeX+0.010%7-day average +0.001% · 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−$31as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on edgeX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.588%−$59 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.010%, 7d avg +0.001%

Together, before fees−0.729%+ Points / potential airdropedgeX: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,789.6	0.0903	pay 0.0452% / 4h	17m 15s	$568K	$353K	10x
Short	Bullet SNDK-USD	1,789.8	0	get 0.0000% / 1h	17m 15s	$14K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$189.73
Price spread: +0.010% → +0.001%: $0.84
Slippage, 4 orders: −$14.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$220.66
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from edgeX: live order book, 41 min ago; Bullet: live order book, 42 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, 41 min ago	5.06 bp	9.6 bp −$10	11.2 bp −$112	46.7 bp −$4,671	doesn't fit
Sell Bullet live order book, 42 min ago	0.56 bp	6.4 bp −$6	21.2 bp −$212	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	1,789.9	+0.017%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790	+0.021%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0081%	1h	1,790.5	+0.048%	$347K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0072%	1h	1,789.9	+0.015%	$4.9M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.5	−0.007%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.220%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0012%	8h	1,789	−0.033%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.1	+0.026%	$21.8M	$36.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.9	+0.016%	$285.8M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.3	+0.039%	$32.6M	$100.2M	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	1,789.9	+0.015%	$84.2M	$826.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791	+0.076%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.8	+0.009%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.8	+0.012%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	+0.034%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.9	+0.017%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,789.8	+0.010%	$14K	$289K	10x
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.044%	$832	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.2	+0.031%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.3	−0.021%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.9	+0.014%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.2	+0.031%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.9	+0.072%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.054%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.019%	$480K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.577%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.7	−0.050%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.3	+0.037%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.6	−0.001%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	+0.015%	$247K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.6	0.000%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.2	+0.032%	$115.3M	$146.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.5	−0.007%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.9	+0.017%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790	+0.021%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.5	−0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.1	+0.024%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.6	+0.051%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.009%	$8K	$3K	20x	as long as short
edgeX SNDKUSDClong	+0.0903%	4h	1,789.6	long leg	$568K	$353K	10x