Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.096%

Price spread now: Orderly against edgeX+0.085%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Orderly is 0.085% dearer against edgeX than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,783.9	0.0227	pay 0.0114% / 4h	2h 14m	$567K	$353K	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,785.4	0.0100	get 0.0100% / 8h	6h 14m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.085%Rate

Funding earned: −$26.68
Price spread: +0.085% → 0.000%: $8.46
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$33.23
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 54 min ago; Orderly: 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, 54 min ago	5.06 bp	9.6 bp −$10	11.1 bp −$111	46.7 bp −$4,665	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0338%	1h	1,786.1	+0.123%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	+0.091%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0036%	1h	1,786	+0.119%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0030%	1h	1,786.8	+0.165%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.6	+0.099%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0014%	1h	1,786.2	+0.131%	$114.5M	$146.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.150%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.6	+0.151%	$286.0M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.3	+0.193%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.9	+0.170%	$85.5M	$829.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786.6	+0.153%	$180.9M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.3	+0.137%	$43.9M	$164.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	+0.083%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	+0.024%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.8	+0.109%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.4	+0.083%	$877	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.5	+0.093%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	+0.104%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786	+0.117%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787	+0.173%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.9	+0.169%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.9	+0.168%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.902%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.1	+0.014%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.8	+0.108%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.8	+0.110%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.9	+0.114%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.6	+0.097%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	+0.101%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.6	+0.097%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	+0.091%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	+0.059%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.1	+0.125%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.3	+0.081%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	+0.082%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,785.4	+0.085%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,786.6	+0.152%	$130K	$357K	20x	as long as short
edgeX SNDKUSDClong	+0.0227%	4h	1,783.9	long leg	$567K	$353K	10x
RISEx SNDK/USDC	+0.0257%	1h	1,787	+0.175%	$170K	$1.8M	20x	as long as short