Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.070%

Price spread now: edgeX against Kraken Futures+0.065%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

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

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.065%, 7d avg −0.007%

Together, before fees+0.361%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.072% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,789.6	0.0660	pay 0.0082% / 1h	2m 56s	$130K	$366K	20x
Short	edgeX SNDKUSDC	1,790.8	0.0796	get 0.0398% / 4h	3h 02m	$569K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $28.68
Price spread: +0.065% → −0.007%: $7.18
Slippage, 4 orders: −$37.78
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$20.92
Costs to cover: 0.568%
Break-even: 12.1 days

Slippage from Kraken Futures: live order book, 5 min ago; edgeX: live order book, 6 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 Kraken Futures live order book, 5 min ago	3.91 bp	19.2 bp −$19	44.6 bp −$446	doesn't fit	doesn't fit
Sell edgeX live order book, 6 min ago	5.06 bp	9.7 bp −$10	11.3 bp −$113	47.3 bp −$4,734	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	1,789.2	−0.024%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0108%	1h	1,789.3	−0.015%	$51K	$328K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.7	+0.008%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.8	−0.043%	$286.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.9	+0.015%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.5	−0.005%	$86.7M	$832.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.1	−0.027%	$182.2M	$235.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.3	−0.016%	$47.9M	$164.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,791.3	+0.095%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.4	+0.098%	$21K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,790.9	+0.073%	$279K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.2	−0.022%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.6	−0.111%	$917	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.035%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.1	−0.027%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.2	−0.020%	$1.9M	$18.5M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.5	+0.048%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.4	+0.045%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,790.7	+0.064%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.3	+0.041%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.8	+0.013%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.4	−0.010%	$455K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.579%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790	+0.021%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	−0.004%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790	+0.023%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790	+0.024%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.2	−0.022%	$114.9M	$146.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.7	+0.006%	$4.8M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.4	−0.011%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789	−0.032%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.8	+0.068%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.9	−0.039%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.7	+0.004%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.4	−0.010%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,792	+0.133%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.2	−0.022%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.156%	$442K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0660%	1h	1,789.6	long leg	$130K	$366K	20x
edgeX SNDKUSDCshort	+0.0796%	4h	1,790.8	+0.065%	$569K	$354K	10x