Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.125%

Price spread now: edgeX against Arcus+0.126%54s7-day average +0.046% · you sell dearer than you buy

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−$350.349% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.598%+$60 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.126%, 7d avg +0.046%

Together, before fees+0.515%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.080% dearer against Arcus than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 54 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	Arcus SNDK-USD	1,779.8	0.0040	pay 0.0005% / 1h	42m 06s	$265K	$1.5M	10x
Short	edgeX SNDKUSDC	1,782	0.0036	get 0.0018% / 4h	3h 42m	$566K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$0.8
Price spread: +0.126% → +0.046%: $7.96
Slippage, 4 orders: −$21.39
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.73
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; edgeX: live order book, 12 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 Arcus live order book, 2 min ago	1.04 bp	7.1 bp −$7	12.3 bp −$123	doesn't fit	doesn't fit
Sell edgeX live order book, 12 min ago	5.04 bp	9.6 bp −$10	11.5 bp −$115	47.3 bp −$4,733	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	1,779.6	−0.012%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0110%	1h	1,780.5	+0.040%	$4.8M	$19.9M	10x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,780.7	+0.052%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0041%	1h	1,779.8	0.000%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,779.7	−0.006%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.024%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.7	+0.106%	$21.8M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,780.8	+0.056%	$283.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,781.1	+0.076%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,780.9	+0.062%	$83.5M	$824.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,780.1	+0.020%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,780.6	+0.047%	$179.4M	$229.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,780.7	+0.052%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.136%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.034%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.135%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,780.9	+0.062%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.3	−0.026%	$737	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.2	+0.078%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779	−0.047%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,780.8	+0.059%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.5	+0.097%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,781.4	+0.088%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,781	+0.065%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,780.5	+0.039%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.133%	$36	$9K	12x	as long as short
edgeX SNDKUSDCshort	+0.0036%	4h	1,782	+0.126%	$566K	$353K	10x
Arcus SNDK-USDlong	+0.0040%	1h	1,779.8	long leg	$265K	$1.5M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.5	−0.072%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,780.7	+0.051%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.1	−0.038%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,780.8	+0.057%	$117.6M	$150.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,780.5	+0.040%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	−0.004%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.061%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.4	+0.033%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.8	+0.002%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.6	+0.048%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,780.1	+0.018%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,781.4	+0.088%	$130K	$352K	20x	as long as short