Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0391%/8h= −42.8% APRpaid last 24h −0.129%

Price spread now: Deribit against edgeX+0.177%7-day average +0.003% · 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−$28as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.681%−$68 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.177%, 7d avg +0.003%

Together, before fees−0.905%+ Points / potential airdropedgeX: Active · farm board−$91 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.175% dearer against edgeX than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.003%): +$17 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,755	0.0391	pay 0.0196% / 4h	2h 24m	$557K	$351K	10x
Short	Deribit SNDK_USDC-PERPETUAL	1,758.1	0	get 0.0000% / 1h	24m 44s	$50K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$82.12
Price spread: +0.177% → +0.003%: $17.46
Slippage, 4 orders: −$29.94
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$110.6
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from edgeX: live order book, 24 min ago; Deribit: live order book, 24 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, 24 min ago	5.06 bp	9.6 bp −$10	11.3 bp −$113	47.0 bp −$4,697	doesn't fit
Sell Deribit live order book, 24 min ago	8.19 bp	14.0 bp −$14	17.6 bp −$176	doesn't fit	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
Bitget SNDKUSDT	−0.0321%	8h	1,758.7	+0.213%	$45.6M	$163.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	+0.170%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,757.2	+0.126%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.4	+0.194%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,757.9	+0.162%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,757.2	+0.123%	$279.2M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,757.6	+0.150%	$31.6M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.5	+0.199%	$81.8M	$827.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758	+0.173%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,757.9	+0.163%	$175.1M	$230.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,756.4	+0.081%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.183%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	+0.040%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	+0.171%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.3	+0.189%	$920	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,758.1	+0.177%	$50K	$347K	10x
HTX SNDK-USDT	0.0000%	8h	1,757.2	+0.125%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758	+0.168%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,758.5	+0.198%	$327K	$1.5M	10x	as long as short
Entropy io:SNDK	+0.0006%	1h	1,757.2	+0.125%	$4.7M	$19.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,754.8	−0.009%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.8	+0.214%	$654	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.1	+0.176%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.6	+0.206%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.2	+0.184%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.562%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.6	+0.092%	$260K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	+0.228%	$242K	$657K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.3	+0.188%	$117.4M	$156.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	+0.194%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,756.7	+0.094%	$718K	$514K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.4	+0.196%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.6	+0.091%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,758	+0.169%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.223%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758	+0.171%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	+0.032%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757.5	+0.143%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,758.8	+0.215%	$126K	$354K	20x	as long as short
edgeX SNDKUSDClong	+0.0391%	4h	1,755	long leg	$557K	$351K	10x