Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0881%/8h= −96.5% APRpaid last 24h −0.108%

Price spread now: tradeXYZ against edgeX+0.059%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−1.122%−$112 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.059%, 7d avg +0.008%

Together, before fees−1.149%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$115 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.051% dearer against edgeX than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.008%): +$5 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,785.7	0.0903	pay 0.0452% / 4h	1h 23m	$567K	$352K	10x
Short	tradeXYZ xyz:SNDK	1,786.8	0.0022	get 0.0003% / 1h	23m 18s	$114.5M	$145.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$185.08
Price spread: +0.059% → +0.008%: $5.12
Slippage, 4 orders: −$11.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$218.34
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 min ago; tradeXYZ: live order book, 5 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, 40 min ago	5.07 bp	9.7 bp −$10	11.5 bp −$115	46.6 bp −$4,664	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.28 bp	9.6 bp −$10	10.8 bp −$108	15.2 bp −$1,519	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	1,786.1	+0.020%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,785.7	−0.002%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0050%	1h	1,786.5	+0.042%	$4.9M	$20.1M	10x	as long as short
Nado SNDK-PERP	−0.0038%	1h	1,787.5	+0.097%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.4	+0.039%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.5	+0.044%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.9	+0.062%	$285.6M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.5	+0.098%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.2	+0.082%	$85.1M	$822.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.7	+0.107%	$170K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,787	+0.069%	$180.2M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.7	+0.054%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	+0.010%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.7	0.000%	$17K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.9	+0.064%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.8	+0.002%	$857	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787.1	+0.074%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.4	+0.037%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.9	+0.066%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.2	+0.082%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDKshort	+0.0022%	1h	1,786.8	+0.059%	$114.5M	$145.5M	10x
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.002%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.7	+0.112%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.3	+0.086%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.8	+0.059%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.796%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.3	−0.024%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.3	+0.032%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	+0.048%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,786.7	+0.052%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.5	+0.042%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.7	+0.055%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	+0.020%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,787.4	+0.094%	$130K	$352K	20x	as long as short
KuCoin SNDKUSDTM	+0.0072%	8h	1,785.9	+0.007%	$6.1M	$21.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.3	+0.031%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,787	+0.069%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787	+0.072%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.8	+0.005%	$8K	$3K	20x	as long as short
edgeX SNDKUSDClong	+0.0903%	4h	1,785.7	long leg	$567K	$352K	10x