Settings8H · net · $10k
Funding arb · Price arb /

SNDK

RWAall SNDK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0623%/8h= +68.3% APRpaid last 24h +0.126%
Price spread now: edgeX against Phemex−0.290%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs+$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$790.790% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.194%+$119 on $10k
Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.290%, 7d avg −0.014%
Together, before fees+1.542%+ Points / potential airdropedgeX: Active · farm board+$154 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.276% cheaper against Phemex than usual: you would sell low and buy high (spread −0.290% now, against its 7-day average of −0.014%). If the spread goes back, that is −$28 on $10k: about 35 hours of funding at the current rate (+$19 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SNDKUSDT1,793.10get 0.0000% / 8h7h 26m$2.8M$1.0M50x
ShortedgeX SNDKUSDC1,787.80.0623get 0.0312% / 4h3h 26m$568K$353K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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

Funding earned
$130.91
Price spread: −0.290% → −0.014%
−$27.63
Slippage, 4 orders
−$57.97
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$24.32
Costs to cover
0.790%
Break-even
5.7 days
Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago2.76 bp27.9 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 47 min ago5.04 bp9.6 bp −$1011.3 bp −$11346.7 bp −$4,667doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SNDK-USDT−0.0120%8h1,792.2−0.045%$4.1M$4.5M75xas long as short
Aster SNDKUSD10.0000%8h1,793.3+0.016%$21.8M$44.3M20xas long as short
Binance SNDKUSDT0.0000%8h1,792.6−0.027%$286.6M$1.84B75xas long as short
Bybit SNDKUSDT0.0000%8h1,794+0.052%$32.1M$100.2M100xas long as short
OKX SNDK-USDT-SWAP0.0000%8h1,793.5+0.025%$86.6M$837.4M75xas long as short
Gate SNDK_USDT0.0000%8h1,793.5+0.025%$182.8M$235.0M75xas long as short
Bitget SNDKUSDT0.0000%8h1,793.5+0.026%$48.1M$169.1M75xas long as short
Variational Omni SNDK0.0000%8h1,786.6−0.359%$2.6M$4.6Mas long as short
GRVT SNDK_USDT_Perp0.0000%8h1,787−0.340%$22K$1.1M10xas long as short
Phoenix SNDK0.0000%1h1,787.7−0.298%$278K$195K15xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet SNDK-USD0.0000%1h1,792.2−0.047%$13K$291K10xas long as short
SunX SNDK-USDT0.0000%8h1,790.9−0.119%$1K$3.8M20xas long as short
Deribit SNDK_USDC-PERPETUAL0.0000%1h1,792.6−0.026%$50K$314K10xas long as short
HTX SNDK-USDT0.0000%8h1,792.2−0.045%$1.5M$10.9M50xas long as short
Phemex SNDKUSDTlong0.0000%8h1,793.1long leg$2.8M$1.0M50x
QFEX SNDK-USD+0.0001%1h1,791.8−0.072%$2.0M$19.8M10xas long as short
RISEx SNDK/USDC+0.0004%1h1,792.7−0.017%$171K$1.8M20xas long as short
Aftermath Perps SNDKUSD+0.0009%1h1,788.2−0.272%$715$37K5xas long as short
Nado SNDK-PERP+0.0009%1h1,792.4−0.037%$347K$1.4M10xas long as short
Lighter SNDK+0.0032%1h1,794.2+0.066%$1.7M$16.3M20xas long as short
Lighter RH SNDK+0.0032%1h1,794+0.050%$1.4M$9.6M10xas long as short
Extended SNDK_24_5-USD+0.0032%1h1,794.1+0.060%$436K$1.6M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+0.385%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,788.1−0.274%$304K$1.6M10xas long as short
Vest SNDK-USD-PERP+0.0046%1h1,791.1−0.107%$585K10xas long as short
Popdex SNDKUSDT+0.0048%1h1,792.3−0.042%$246K$647K20xas long as short
tradeXYZ xyz:SNDK+0.0050%1h1,793.3+0.014%$115.5M$148.6M10xas long as short
Entropy io:SNDK+0.0050%1h1,790.2−0.159%$4.9M$20.3M10xas long as short
Polymarket Perps SNDK-USD+0.0050%1h1,792−0.059%$188K$135K10xas long as short
Paradex SNDK-USD-PERP+0.0050%8h1,793.6+0.033%5xas long as short
Ondo Perps SNDK-USD.P+0.0050%1h1,787−0.337%$1.4M$5.1M5xas long as short
Aevo SNDK-PERP+0.0080%1h1,791.8−0.068%$1K10xas long as short
Pacifica SNDK+0.0100%1h1,792.7−0.020%$199K$291K10xas long as short
KuCoin SNDKUSDTM+0.0100%8h1,792.9−0.009%$6.1M$21.9M20xas long as short
ApeX Omni SNDKUSDT+0.0100%1h1,790.5−0.144%$69K$269K50xas long as short
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,791.3−0.096%$8K$3K20xas long as short
Coinbase International SNDK-PERP-INTX+0.0128%1h1,793.7+0.036%$443K$2.3M10xas long as short
SoDEX SNDK-USD+0.0190%1h1,791.1−0.110%$732K$515K10xas long as short
edgeX SNDKUSDCshort+0.0623%4h1,787.8−0.290%$568K$353K10x
Kraken Futures PF_SNDKUSD+0.0659%1h1,793.1+0.001%$130K$379K20xas long as short