Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0767%/8hpaid last 24h +0.156%

Price spread now: edgeX against Injective−2.908%107s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.198%+$120 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 2.908% cheaper against Injective than usual: you would sell low and buy high (spread −2.908% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$291 on $10k: about 13 days of funding at the current rate (+$23 a day). The two prices were read 107 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	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	21m 20s	$36	$19K	12x
Short	edgeX SNDKUSDC	1,747.6	0.0801	get 0.0400% / 4h	21m 20s	$553K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −2.908%Rate

Funding earned: $161.16
Price spread: −2.908% → 0.000%: −$290.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$138.63
Costs to cover: 0.090%
Break-even: 13.0 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 11 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 11 min ago	5.05 bp	9.6 bp −$10	11.0 bp −$110	46.0 bp −$4,597	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,747.9	−2.894%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−2.998%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0009%	1h	1,749.9	−2.781%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,753.2	−2.598%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,753.3	−2.595%	$21.6M	$40.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,752.6	−2.632%	$284.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,752.2	−2.654%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752	−2.665%	$88.3M	$803.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,753.9	−2.559%	$127K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,753.1	−2.601%	$189.8M	$238.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,753.7	−2.568%	$50.5M	$165.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−3.057%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,748.2	−2.877%	$16K	$836K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,752.8	−2.619%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,748.3	−2.870%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,748.5	−2.860%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,749.1	−2.825%	$2.8M	$812K	50x	as long as short
Lighter SNDK	+0.0032%	1h	1,753	−2.611%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.5	−2.635%	$1.3M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,752.5	−2.634%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	−2.965%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$19K	12x
Aftermath Perps SNDKUSD	+0.0039%	1h	1,749.1	−2.824%	$651	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,752.5	−2.638%	$296K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,751.7	−2.683%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,753.5	−2.581%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,752.2	−2.651%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,753.2	−2.598%	$109.8M	$143.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,753.3	−2.592%	$195K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.5	−2.857%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,752.4	−2.642%	$1.4M	$4.3M	5x	as long as short
Nado SNDK-PERP	+0.0056%	1h	1,752.2	−2.655%	$349K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,748.5	−2.859%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752.7	−2.627%	$194K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,752.7	−2.625%	$6.1M	$21.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−2.989%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,752.4	−2.642%	$8K	$1K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0139%	1h	1,748.9	−2.837%	$48K	$188K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0481%	1h	1,749.2	−2.818%	$129K	$381K	20x	as long as short
edgeX SNDKUSDCshort	+0.0801%	4h	1,747.6	−2.908%	$553K	$344K	10x