Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h −0.151%

Price spread now: Deribit against edgeX+0.005%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−$46as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.647%−$65 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.005%, 7d avg +0.001%

Together, before fees−0.699%+ Points / potential airdropedgeX: Active · farm board−$70 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: +$10 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.647%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,778	0.0068	pay 0.0034% / 4h	22m 58s	$565K	$354K	10x
Short	Deribit SNDK_USDC-PERPETUAL	1,778.1	0.0397	get 0.0050% / 1h	22m 58s	$50K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.005%Rate

Funding earned: $69.06
Price spread: +0.005% → +0.001%: $0.31
Slippage, 4 orders: −$30.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $22.64
Costs to cover: 0.467%
Break-even: 4.7 days

Slippage from edgeX: live order book, 56 min ago; Deribit: live order book, 56 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, 56 min ago	5.05 bp	9.6 bp −$10	11.3 bp −$113	46.2 bp −$4,624	doesn't fit
Sell Deribit live order book, 56 min ago	1.80 bp	18.0 bp −$18	22.3 bp −$223	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	1,777.6	−0.023%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,777.4	−0.035%	$4.6M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.3	−0.039%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,777.8	−0.014%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.7	−0.017%	$283.9M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,777.7	−0.020%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.3	+0.016%	$87.2M	$845.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.7	−0.019%	$184.0M	$239.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.8	−0.015%	$48.0M	$171.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.4	+0.021%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,778.5	+0.027%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	−0.012%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.6	−0.022%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,776.6	−0.078%	$899	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	−0.020%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778	−0.002%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,777.8	−0.011%	$770	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.8	+0.042%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.5	−0.030%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.2	−0.044%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.234%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,776.8	−0.068%	$286K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.2	−0.044%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,777.6	−0.024%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.9	−0.007%	$113.4M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.2	−0.046%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.6	−0.026%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.4	−0.037%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	−0.001%	$1.4M	$4.9M	5x	as long as short
edgeX SNDKUSDClong	+0.0068%	4h	1,778	long leg	$565K	$354K	10x
Aevo SNDK-PERP	+0.0080%	1h	1,777.4	−0.034%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	+0.030%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777.4	−0.035%	$211K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.5	−0.030%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.9	−0.005%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.2	−0.048%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0136%	1h	1,778.2	+0.010%	$1.6M	$16.3M	20x	as long as short
Nado SNDK-PERP	+0.0167%	1h	1,777.1	−0.051%	$358K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUALshort	+0.0397%	1h	1,778.1	+0.005%	$50K	$301K	10x
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,778.2	+0.009%	$129K	$406K	20x	as long as short