Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0451%/8h= +49.4% APRpaid last 24h +0.101%

Price spread now: edgeX against SoDEX−0.085%75s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$350.352% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.490%+$49 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.085%, 7d avg +0.011%

Together, before fees+0.637%+ Points / potential airdropedgeX: Active · farm board+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.096% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.011%). If the spread goes back, that is −$10 on $10k: about 17 hours of funding at the current rate (+$14 a day). The two prices were read 75 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	SoDEX SNDK-USD	1,764.5	0.0050	pay 0.0006% / 1h	18m 16s	$721K	$520K	10x
Short	edgeX SNDKUSDC	1,763	0.0501	get 0.0251% / 4h	1h 18m	$560K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $94.78
Price spread: −0.085% → +0.011%: −$9.63
Slippage, 4 orders: −$18.15
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $49.99
Costs to cover: 0.352%
Break-even: 3.3 days

Slippage from SoDEX: live order book, 25 min ago; edgeX: live order book, 25 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 SoDEX live order book, 25 min ago	0.03 bp	7.8 bp −$8	39.8 bp −$398	doesn't fit	doesn't fit
Sell edgeX live order book, 25 min ago	5.34 bp	9.9 bp −$10	11.7 bp −$117	46.5 bp −$4,647	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	−0.0320%	8h	1,764.5	+0.001%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.5	−0.059%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.7	−0.044%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,765.1	+0.032%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.7	+0.009%	$280.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.9	+0.020%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.8	+0.018%	$82.6M	$837.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,765.3	+0.044%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764	−0.027%	$177.6M	$231.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,764.5	+0.001%	$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	1,763.5	−0.059%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,764.5	+0.001%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.1	−0.022%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.6	−0.053%	$933	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,764.5	−0.001%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,763.8	−0.037%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.8	+0.018%	$2.8M	$1.1M	50x	as long as short
KuCoin SNDKUSDTM	+0.0001%	8h	1,763.3	−0.067%	$6.0M	$22.2M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.4	−0.061%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,761.7	−0.157%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0024%	1h	1,763.9	−0.033%	$328K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.6	+0.007%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.1	−0.024%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.010%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,765.4	+0.052%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.5	−0.113%	$254K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764	−0.028%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.1	−0.022%	$118.8M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,763.3	−0.067%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.9	−0.090%	$185K	$130K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,764.5	long leg	$721K	$520K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.6	−0.049%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.4	−0.005%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.1	−0.022%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.8	−0.039%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.9	+0.020%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.6	+0.003%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.199%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,764.8	+0.016%	$127K	$346K	20x	as long as short
edgeX SNDKUSDCshort	+0.0501%	4h	1,763	−0.085%	$560K	$352K	10x