Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0751%/8h= −82.3% APRpaid last 24h −0.067%

Price spread now: Kraken Futures against edgeX−0.016%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.350%−$35 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.016%, 7d avg +0.007%

Together, before fees−0.412%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Kraken Futures is 0.022% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.350% in total (about -18.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,784.9	0.0883	pay 0.0441% / 4h	2h 19m	$567K	$352K	10x
Short	Kraken Futures PF_SNDKUSD	1,784.6	0.0132	get 0.0016% / 1h	19m 10s	$130K	$357K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$157.74
Price spread: −0.016% → +0.007%: −$2.25
Slippage, 4 orders: −$37.78
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$216.77
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from edgeX: live order book, 50 min ago; Kraken Futures: live order book, 49 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, 50 min ago	5.06 bp	9.6 bp −$10	11.1 bp −$111	46.7 bp −$4,665	doesn't fit
Sell Kraken Futures live order book, 49 min ago	3.91 bp	18.3 bp −$18	43.1 bp −$431	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0120%	1h	1,784.5	−0.023%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.1	+0.012%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0037%	1h	1,785.4	+0.029%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.2	−0.036%	$1.7M	$16.5M	10x	as long as short
Nado SNDK-PERP	−0.0022%	1h	1,785.3	+0.025%	$360K	$1.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0007%	1h	1,784.1	−0.044%	$114.3M	$146.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.9	+0.054%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.5	−0.022%	$285.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	+0.012%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.6	−0.016%	$85.5M	$828.3M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,784.5	−0.020%	$180.7M	$232.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.5	−0.022%	$44.0M	$164.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.045%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.098%	$13K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.1	−0.044%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.5	−0.080%	$1K	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.8	−0.063%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.1	−0.043%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.2	+0.072%	$701	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.4	+0.031%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785	+0.004%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785	+0.007%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.844%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.3	−0.032%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.3	−0.031%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.3	−0.033%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.3	−0.034%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784	−0.050%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.1	−0.045%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	+0.146%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.8	−0.063%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.2	−0.041%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	−0.019%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.1	+0.013%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,784.6	−0.016%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	+0.015%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0132%	1h	1,784.6	−0.016%	$130K	$357K	20x
RISEx SNDK/USDC	+0.0257%	1h	1,785.7	+0.044%	$164K	$1.8M	20x	as long as short
edgeX SNDKUSDClong	+0.0883%	4h	1,784.9	long leg	$567K	$352K	10x