Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.126%

Price spread now: edgeX against Bullet+0.069%7-day average −0.002% · 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−$24as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Bullet Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.563%+$56 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.069%, 7d avg −0.002%

Together, before fees+0.551%+ Points / potential airdropedgeX: Active · farm board+$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.071% dearer against Bullet than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SNDK-USD	1,790.2	0	get 0.0000% / 1h	23m 10s	$15K	$291K	10x
Short	edgeX SNDKUSDC	1,791.4	0.0103	get 0.0051% / 4h	3h 23m	$569K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bullet. 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 BulletbpFee edgeXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $21.62
Price spread: +0.069% → −0.002%: $7.07
Slippage, 4 orders: −$14.47
Fee Bullet: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$2.77
Costs to cover: 0.315%
Break-even: 7.9 days

Slippage from Bullet: live order book, 51 min ago; edgeX: live order book, 51 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 Bullet live order book, 51 min ago	0.28 bp	6.1 bp −$6	20.6 bp −$206	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	5.04 bp	9.6 bp −$10	11.3 bp −$113	46.7 bp −$4,667	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	1,790.7	+0.025%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0040%	1h	1,790.1	−0.008%	$50K	$314K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.2	+0.001%	$21.8M	$43.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.6	+0.025%	$286.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.1	+0.047%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.9	+0.039%	$86.8M	$834.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.4	+0.012%	$182.3M	$235.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.3	+0.007%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.121%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.5	+0.071%	$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	1,792.2	+0.112%	$279K	$195K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,790.2	long leg	$15K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.120%	$862	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.3	+0.008%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.6	+0.022%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	−0.036%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.9	+0.040%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.4	+0.012%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790	−0.009%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.8	+0.088%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.2	+0.056%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	+0.028%	$444K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.545%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.7	−0.031%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.8	−0.025%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.1	−0.006%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.7	−0.030%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.7	+0.028%	$115.0M	$147.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.4	−0.045%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	−0.034%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.8	−0.078%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	−0.024%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	−0.033%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.3	−0.050%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.203%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.040%	$8K	$3K	20x	as long as short
edgeX SNDKUSDCshort	+0.0103%	4h	1,791.4	+0.069%	$569K	$353K	10x
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	−0.011%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0196%	1h	1,790.2	−0.003%	$732K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.4	+0.013%	$130K	$379K	20x	as long as short