Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0374%/8h= +40.9% APRpaid last 24h +0.119%

Price spread now: edgeX against OKX−0.020%81s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs+$81as 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−$300.300% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.106%+$111 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.020%, 7d avg +0.005%

Together, before fees+0.958%+ Points / potential airdropedgeX: Active · farm board+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.025% cheaper against OKX than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.005%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$11 a day). The two prices were read 81 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	OKX SNDK-USDT-SWAP	1,786	0	get 0.0000% / 8h	5h 50m	$85.5M	$821.9M	75x
Short	edgeX SNDKUSDC	1,785.6	0.0374	get 0.0187% / 4h	1h 50m	$567K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $78.46
Price spread: −0.020% → +0.005%: −$2.48
Slippage, 4 orders: −$10.97
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $46.01
Costs to cover: 0.300%
Break-even: 2.9 days

Slippage from OKX: live order book, 4 min ago; edgeX: live order book, 14 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 OKX live order book, 4 min ago	0.28 bp	5.3 bp −$5	5.7 bp −$57	10.2 bp −$1,019	48.2 bp −$24.1K
Sell edgeX live order book, 14 min ago	5.07 bp	9.6 bp −$10	11.4 bp −$114	46.3 bp −$4,628	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
Deribit SNDK_USDC-PERPETUAL	−0.0114%	1h	1,785.8	−0.010%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.028%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0034%	1h	1,785.8	−0.011%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0031%	1h	1,786.8	+0.044%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.8	−0.012%	$1.6M	$15.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.1	+0.005%	$21.8M	$37.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.7	−0.017%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.1	+0.006%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,786	long leg	$85.5M	$821.9M	75x
RISEx SNDK/USDC	0.0000%	1h	1,786.7	+0.041%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786.1	+0.005%	$180.2M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.6	−0.025%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	−0.029%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786	+0.001%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.7	−0.017%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.9	−0.063%	$859	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.1	−0.050%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.6	−0.025%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.2	+0.012%	$665	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	−0.003%	$439K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0029%	1h	1,786.1	+0.006%	$114.5M	$145.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.9	+0.052%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.4	+0.024%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.7	+0.039%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.782%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.7	−0.073%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.7	−0.015%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.6	−0.022%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.9	−0.007%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.5	−0.028%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.6	−0.023%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.4	+0.022%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.2	+0.014%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.3	−0.042%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786	+0.001%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.3	−0.038%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.010%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.1	−0.050%	$8K	$3K	20x	as long as short
edgeX SNDKUSDCshort	+0.0374%	4h	1,785.6	−0.020%	$567K	$352K	10x