Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0914%/8h= −100.0% APRpaid last 24h −0.117%

Price spread now: Injective against edgeX+2.173%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.196%−$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

The price spread pays, funding is against you. Injective is 2.173% dearer against edgeX than usual: you sell high and buy low (spread +2.173% now, against zero (this spread has no 7-day history yet)): +$217 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,761.7	0.0947	pay 0.0473% / 4h	44m 36s	$560K	$339K	10x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	44m 36s	$36	$4K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.173%Rate

Funding earned: −$191.86
Price spread: +2.173% → 0.000%: $217.3
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $16.42
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 62 min ago; Injective: no order-book sample. 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 edgeX live order book, 62 min ago	5.05 bp	9.6 bp −$10	11.4 bp −$114	46.4 bp −$4,636	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0127%	1h	1,762.6	+0.053%	$166K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.8	+0.122%	$3.9M	$4.7M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.2	+0.144%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,765	+0.190%	$281.2M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,765.2	+0.200%	$31.4M	$107.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,765.1	+0.194%	$79.3M	$843.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,765	+0.189%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764.9	+0.183%	$180.8M	$210.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,764.9	+0.185%	$48.5M	$172.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,762.6	+0.055%	$2.7M	$4.4M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.9	+0.011%	$22K	$2.7M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.7	+0.115%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.1	+0.026%	$811	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.7	+0.055%	$19K	$451K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.8	+0.064%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.1	+0.137%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	+0.0004%	1h	1,764.2	+0.143%	$4.5M	$19.3M	10x	as long as short
QFEX SNDK-USD	+0.0004%	1h	1,764.8	+0.177%	$1.5M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0023%	1h	1,764	+0.133%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,765.1	+0.195%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.2	+0.145%	$421K	$2.4M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+2.173%	$36	$4K	12x
Arcus SNDK-USD	+0.0040%	1h	1,763.9	+0.127%	$261K	$1.4M	10x	as long as short
Phoenix SNDK	+0.0045%	1h	1,763.8	+0.120%	$275K	$178K	15x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,763.7	+0.114%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,765.1	+0.194%	$243K	$700K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,765.1	+0.194%	$122.7M	$151.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,764.6	+0.166%	$211K	$201K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,763.6	+0.108%	$722K	$529K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.1	+0.137%	$1.4M	$5.4M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,764.7	+0.171%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0064%	1h	1,765	+0.187%	$319K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,763.1	+0.081%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,764.7	+0.173%	$193K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,763.8	+0.119%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.7	+0.059%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.4	+0.043%	$9K	$6K	20x	as long as short
Lighter SNDK	+0.0104%	1h	1,765.8	+0.234%	$1.8M	$16.5M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,763.3	+0.094%	$445K	$2.1M	10x	as long as short
edgeX SNDKUSDClong	+0.0947%	4h	1,761.7	long leg	$560K	$339K	10x