Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0440%/8h= +48.1% APRpaid last 24h −0.070%

Price spread now: Kraken Futures against edgeX+0.182%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$580.585% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.351%−$35 on $10k

Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.182%, 7d avg +0.007%

Together, before fees−0.607%+ Points / potential airdropedgeX: Active · farm board−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.175% dearer against edgeX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.351%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,785.4	0.0221	pay 0.0110% / 4h	3h 45m	$567K	$355K	10x
Short	Kraken Futures PF_SNDKUSD	1,788.7	0.0660	get 0.0083% / 1h	45m 25s	$130K	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.182%Rate

Funding earned: $92.34
Price spread: +0.182% → +0.007%: $17.5
Slippage, 4 orders: −$39.49
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $51.34
Costs to cover: 0.585%
Break-even: 3.1 days

Slippage from edgeX: live order book, 28 min ago; Kraken Futures: live order book, 27 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, 28 min ago	5.04 bp	9.6 bp −$10	11.4 bp −$114	47.2 bp −$4,722	doesn't fit
Sell Kraken Futures live order book, 27 min ago	2.25 bp	14.3 bp −$14	34.0 bp −$340	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
BloFin SNDK-USDT	−0.0120%	8h	1,791	+0.310%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.2	+0.099%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.2	+0.153%	$285.3M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788.9	+0.192%	$32.2M	$100.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.7	+0.182%	$86.0M	$839.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.2	+0.156%	$183.2M	$233.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.3	+0.159%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.6	+0.289%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.065%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,789.6	+0.232%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,788.2	+0.154%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.1	+0.091%	$926	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789	+0.197%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	+0.268%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790	+0.254%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,787.9	+0.138%	$2.1M	$20.6M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.6	+0.177%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,786.4	+0.051%	$823	$37K	5x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,790.4	+0.275%	$350K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.7	+0.236%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.1	+0.203%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789	+0.198%	$428K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.813%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.2	+0.098%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.7	+0.184%	—	$647K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.1	+0.148%	$246K	$657K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.1	+0.036%	$4.8M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,787.6	+0.120%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789	+0.199%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	+0.260%	$1.4M	$4.9M	5x	as long as short
tradeXYZ xyz:SNDK	+0.0052%	1h	1,788.4	+0.165%	$115.1M	$150.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787.9	+0.138%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.3	+0.160%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.7	+0.124%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,791.4	+0.333%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,787.5	+0.114%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790.8	+0.301%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDClong	+0.0221%	4h	1,785.4	long leg	$567K	$355K	10x
Kraken Futures PF_SNDKUSDshort	+0.0660%	1h	1,788.7	+0.182%	$130K	$379K	20x
SoDEX SNDK-USD	+0.0746%	1h	1,788.4	+0.164%	$731K	$515K	10x	as long as short