Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0902%/8h= +98.7% APRpaid last 24h +0.149%

Price spread now: edgeX against Deribit−0.411%75s7-day average −0.002% · you buy dearer than you sell

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−$430.433% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.645%+$64 on $10k

Price spread, last 3 days (all we have)+0.464%+$46 · spread now −0.411%, 7d avg −0.002%

Together, before fees+1.108%+ Points / potential airdropedgeX: Active · farm board+$111 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.410% cheaper against Deribit than usual: you would sell low and buy high (spread −0.411% now, against its 7-day average of −0.002%). If the spread goes back, that is −$41 on $10k: about 36 hours of funding at the current rate (+$27 a day). The two prices were read 75 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	Deribit SNDK_USDC-PERPETUAL	1,789.1	0	get 0.0000% / 1h	48m 03s	$50K	$311K	10x
Short	edgeX SNDKUSDC	1,781.7	0.0902	get 0.0451% / 4h	3h 48m	$566K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.411%Rate

Funding earned: $189.37
Price spread: −0.411% → −0.002%: −$40.96
Slippage, 4 orders: −$27.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $105.15
Costs to cover: 0.433%
Break-even: 3.1 days

Slippage from Deribit: live order book, 26 min ago; edgeX: live order book, 26 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 Deribit live order book, 26 min ago	3.01 bp	8.2 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit
Sell edgeX live order book, 26 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	1,786.4	−0.150%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.4	−0.093%	$21.8M	$45.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.4	−0.040%	$286.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.4	+0.017%	$32.3M	$100.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	−0.004%	$86.7M	$838.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.2	−0.050%	$182.9M	$232.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.7	−0.020%	$48.5M	$168.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.278%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,782.4	−0.376%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.8	−0.351%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,786.8	−0.125%	$758	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,789.1	long leg	$50K	$311K	10x
HTX SNDK-USDT	0.0000%	8h	1,787.7	−0.079%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.2	−0.047%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,787.7	−0.077%	$2.2M	$20.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,787.7	−0.076%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,783.1	−0.332%	$821	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.3	+0.014%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.9	−0.012%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.5	+0.023%	$421K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.608%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.309%	$299K	$1.6M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,788.4	−0.039%	$355K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.9	−0.068%	—	$674K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787.5	−0.088%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,783.8	−0.295%	$4.7M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.1	−0.055%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.3	−0.045%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.2	−0.161%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.1	−0.056%	$1K	—	10x	as long as short
Bullet SNDK-USD	+0.0089%	1h	1,788.3	−0.046%	$14K	$291K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,787.4	−0.094%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.4	−0.094%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.5	−0.311%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.7	−0.134%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.7	−0.246%	$442K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0138%	1h	1,788.9	−0.010%	$115.0M	$150.1M	10x	as long as short
SoDEX SNDK-USD	+0.0629%	1h	1,787.1	−0.113%	$730K	$521K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,788.8	−0.014%	$130K	$389K	20x	as long as short
edgeX SNDKUSDCshort	+0.0902%	4h	1,781.7	−0.411%	$566K	$354K	10x