Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.102%

Price spread now: Coinbase International against edgeX+0.073%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−1.022%−$102 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.073%, 7d avg +0.019%

Together, before fees−1.140%+ Points / potential airdropedgeX: Active · farm board−$114 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.054% dearer against edgeX than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.019%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,758.8	0.0444	pay 0.0222% / 4h	19m 28s	$559K	$350K	10x
Short	Coinbase International SNDK-PERP-INTX	1,760.1	0.0112	get 0.0014% / 1h	19m 28s	$428K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$69.77
Price spread: +0.073% → +0.019%: $5.44
Slippage, 4 orders: −$16.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$100.11
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from edgeX: live order book, 19 min ago; Coinbase International: live order book, 4 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, 19 min ago	5.11 bp	9.6 bp −$10	11.2 bp −$112	46.8 bp −$4,679	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.64 bp	8.5 bp −$8	12.6 bp −$126	33.0 bp −$3,300	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	−0.0273%	8h	1,762.4	+0.208%	$48.2M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.1	+0.130%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0012%	8h	1,761.8	+0.175%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0009%	1h	1,762.5	+0.210%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.9	+0.180%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.7	+0.225%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.6	+0.219%	$280.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.7	+0.226%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.3	+0.201%	$82.3M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.2	+0.255%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.3	+0.202%	$179.0M	$229.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760.4	+0.095%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.5	+0.153%	$26K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	+0.127%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.3	+0.202%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.1	+0.132%	$872	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.7	+0.167%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.9	+0.122%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.6	+0.159%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,761.3	+0.142%	$723	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.9	+0.066%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.1	+0.246%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.5	+0.212%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.1	+0.189%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.342%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760	+0.068%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.4	+0.207%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.5	+0.212%	$119.8M	$157.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761	+0.127%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.5	+0.155%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.3	+0.146%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762	+0.185%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.6	+0.161%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.5	+0.156%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.2	+0.194%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.2	+0.080%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	+0.122%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0112%	1h	1,760.1	+0.073%	$428K	$2.1M	10x
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.2	+0.195%	$127K	$338K	20x	as long as short
edgeX SNDKUSDClong	+0.0444%	4h	1,758.8	long leg	$559K	$350K	10x