Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0256%/8h= +28.1% APRpaid last 24h +0.118%

Price spread now: edgeX against Gate+0.024%82s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.403% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.135%+$114 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.024%, 7d avg +0.005%

Together, before fees+1.132%+ Points / potential airdropedgeX: Active · farm board+$113 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,758.6	0	get 0.0000% / 8h	7h 01m	$180.2M	$222.8M	75x
Short	edgeX SNDKUSDC	1,759.1	0.0256	get 0.0128% / 4h	3h 01m	$559K	$349K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $53.86
Price spread: +0.024% → +0.005%: $1.94
Slippage, 4 orders: −$16.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $15.51
Costs to cover: 0.403%
Break-even: 5.0 days

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 32 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 Gate live order book, 2 min ago	1.05 bp	10.3 bp −$10	24.6 bp −$246	39.9 bp −$3,987	61.6 bp −$30.8K
Sell edgeX live order book, 32 min ago	5.18 bp	9.7 bp −$10	11.4 bp −$114	47.2 bp −$4,715	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	−0.0146%	8h	1,758.4	−0.016%	$49.5M	$168.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.4	−0.014%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,758	−0.038%	$1.4M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,758.1	−0.030%	$21.4M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.3	−0.022%	$279.3M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.6	−0.001%	$31.9M	$105.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.8	+0.009%	$82.1M	$826.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759	+0.019%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,758.6	long leg	$180.2M	$222.8M	75x
Variational Omni SNDK	0.0000%	8h	1,758.4	−0.014%	$2.5M	$4.8M	—	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	1,758.7	+0.006%	$21K	$2.3M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.5	−0.008%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,757.8	−0.048%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.5	−0.008%	$883	$3.2M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.2	−0.023%	$51K	$356K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.3	−0.077%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.1	−0.028%	$2.8M	$1.1M	50x	as long as short
KuCoin SNDKUSDTM	+0.0013%	8h	1,757.3	−0.077%	$6.0M	$22.6M	20x	as long as short
Nado SNDK-PERP	+0.0013%	1h	1,758.7	+0.002%	$336K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,757.8	−0.045%	$672	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,758.9	+0.016%	$1.7M	$16.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.4	−0.014%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,756.4	−0.127%	$389K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.350%	$36	$9K	12x	as long as short
Vest SNDK-USD-PERP	+0.0039%	1h	1,758.3	−0.019%	—	$573K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,757.7	−0.052%	$270K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.4	−0.014%	$242K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.2	−0.025%	$119.3M	$159.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,758.4	−0.014%	$4.5M	$19.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.6	−0.059%	$185K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.5	−0.008%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,758.4	−0.011%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.9	−0.043%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.2	−0.025%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.6	+0.056%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757.2	−0.084%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,758.7	+0.004%	$440K	$2.1M	10x	as long as short
SoDEX SNDK-USD	+0.0139%	1h	1,757.7	−0.054%	$719K	$515K	10x	as long as short
edgeX SNDKUSDCshort	+0.0256%	4h	1,759.1	+0.024%	$559K	$349K	10x
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,758.5	−0.010%	$128K	$336K	20x	as long as short