Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.126%

Price spread now: Gate against edgeX−0.023%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.155%−$116 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.023%, 7d avg −0.003%

Together, before fees−1.150%+ Points / potential airdropedgeX: Active · farm board−$115 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.020% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,791.6	0.0285	pay 0.0143% / 4h	3h 24m	$569K	$353K	10x
Short	Gate SNDK_USDT	1,791.2	0	get 0.0000% / 8h	7h 24m	$182.5M	$235.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$59.86
Price spread: −0.023% → −0.003%: −$2
Slippage, 4 orders: −$16.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.77
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from edgeX: live order book, 49 min ago; Gate: live order book, 4 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 edgeX live order book, 49 min ago	5.04 bp	9.6 bp −$10	11.4 bp −$114	47.2 bp −$4,722	doesn't fit
Sell Gate live order book, 4 min ago	0.03 bp	10.8 bp −$11	20.9 bp −$209	41.0 bp −$4,098	65.8 bp −$32.9K

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	1,791.3	−0.017%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0096%	1h	1,791.4	−0.010%	$50K	$314K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.8	+0.008%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,791.5	−0.006%	$286.5M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,792.1	+0.025%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.6	−0.001%	$86.6M	$836.1M	75x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,791.2	−0.023%	$182.5M	$235.2M	75x
Bitget SNDKUSDT	0.0000%	8h	1,791.5	−0.008%	$48.1M	$169.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.041%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,793.3	+0.091%	$22K	$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	1,787.7	−0.219%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,791.2	−0.022%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,790	−0.093%	$863	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,791	−0.033%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,791.3	−0.017%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791	−0.036%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.3	+0.036%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0007%	1h	1,792.6	+0.053%	$350K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,789.8	−0.103%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.5	+0.048%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,792	+0.021%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,792.6	+0.056%	$440K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.465%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790.2	−0.081%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,791.6	−0.003%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,791.3	−0.018%	$246K	$648K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.8	+0.010%	$115.1M	$148.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	−0.079%	$4.9M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.8	−0.046%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,791.5	−0.005%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,793.6	+0.110%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.7	−0.049%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.4	−0.014%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,791.1	−0.029%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.124%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.7	−0.049%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,793.9	+0.126%	$443K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0240%	1h	1,791.3	−0.017%	$732K	$515K	10x	as long as short
edgeX SNDKUSDClong	+0.0285%	4h	1,791.6	long leg	$569K	$353K	10x
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.5	−0.006%	$130K	$379K	20x	as long as short