Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0181%/8h= −19.9% APRpaid last 24h −0.113%

Price spread now: Vest against edgeX+0.134%63s7-day average +0.774% · you sell dearer than you buy

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

Long on edgeX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.502%−$50 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.134%, 7d avg +0.774%

Together, before fees−0.745%+ Points / potential airdropedgeX: Active · Vest: Active · farm board−$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.640% cheaper against edgeX than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of +0.774%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

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 13m	$567K	$353K	10x
Short	Vest SNDK-USD-PERP	1,786.3	0.0046	get 0.0006% / 1h	13m 48s	—	$584K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$38.09
Price spread: +0.134% → +0.774%: −$64
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$113.09
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 55 min ago; Vest: 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, 55 min ago	5.06 bp	9.6 bp −$10	11.1 bp −$111	46.7 bp −$4,665	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0186%	1h	1,786.7	+0.159%	$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	−0.0032%	1h	1,786.2	+0.131%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0031%	1h	1,787.8	+0.222%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.4	+0.139%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0015%	1h	1,786	+0.119%	$114.4M	$146.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.151%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.2	+0.132%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.3	+0.135%	$32.0M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.2	+0.131%	$85.5M	$828.5M	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	1,786.7	+0.159%	$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	1,786.9	+0.170%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786	+0.122%	$723	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	+0.146%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.6	+0.153%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786.4	+0.140%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.9	+0.170%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.8	+0.162%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.7	+0.157%	$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	1,784.4	+0.031%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERPshort	+0.0046%	1h	1,786.3	+0.134%	—	$584K	10x
Paradex SNDK-USD-PERP	+0.0047%	8h	1,785.7	+0.104%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	+0.153%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.3	+0.136%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.3	+0.135%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786	+0.119%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	+0.143%	$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	1,786.3	+0.135%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.2	+0.077%	$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_mythos	+0.0100%	8h	1,786.1	+0.123%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.4	+0.196%	$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	1,787.3	+0.193%	$170K	$1.8M	20x	as long as short