Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.125%

Price spread now: edgeX against tradeXYZ−0.043%86s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs+$71as 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−$380.383% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.097%+$110 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.043%, 7d avg −0.010%

Together, before fees+1.018%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$102 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 2.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+1.097% in total) that is about 5 hours. The two prices were read 86 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	tradeXYZ xyz:SNDK	1,784.2	0.0011	pay 0.0001% / 1h	34m 02s	$114.3M	$146.6M	10x
Short	edgeX SNDKUSDC	1,783.4	0.0049	get 0.0024% / 4h	2h 34m	$566K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $7.96
Price spread: −0.043% → −0.010%: −$3.3
Slippage, 4 orders: −$11.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.68
Costs to cover: 0.383%
Break-even: 36.6 days

Slippage from tradeXYZ: live order book, 5 min ago; edgeX: live order book, 35 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 tradeXYZ live order book, 5 min ago	0.56 bp	9.6 bp −$10	10.5 bp −$105	13.4 bp −$1,338	doesn't fit
Sell edgeX live order book, 35 min ago	5.06 bp	9.7 bp −$10	11.3 bp −$113	47.3 bp −$4,734	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
Entropy io:SNDK	−0.0057%	1h	1,784.4	+0.011%	$4.9M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.2	−0.056%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.8	−0.022%	$1.8M	$17.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,785.1	+0.048%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.1	+0.048%	$21.7M	$39.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.2	+0.001%	$286.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.8	+0.034%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.3	+0.006%	$85.6M	$830.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.5	+0.014%	$180.6M	$231.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.1	−0.004%	$44.0M	$166.1M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.023%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.058%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.2	0.000%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.9	−0.016%	$772	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784.6	+0.020%	$51K	$329K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.6	+0.022%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.4	+0.010%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.1	+0.052%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDKlong	+0.0011%	1h	1,784.2	long leg	$114.3M	$146.6M	10x
Lighter SNDK	+0.0032%	1h	1,785.6	+0.076%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.9	+0.041%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.5	+0.019%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.883%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.7	−0.026%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.5	−0.038%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.1	+0.050%	$245K	$646K	20x	as long as short
edgeX SNDKUSDCshort	+0.0049%	4h	1,783.4	−0.043%	$566K	$352K	10x
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.4	+0.013%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784	−0.011%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.2	−0.003%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.9	−0.017%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.9	−0.018%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.043%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.015%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.3	+0.007%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783	−0.065%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.1	−0.061%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.8	+0.035%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.1	+0.049%	$171K	$1.8M	20x	as long as short