Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0870%/8h= +95.2% APRpaid last 24h +0.116%

Price spread now: edgeX against Extended−0.434%93s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs+$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.310% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.060%+$106 on $10k

Price spread, last 3 days (all we have)+0.401%+$40 · spread now −0.434%, 7d avg −0.011%

Together, before fees+1.461%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$146 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.423% cheaper against Extended than usual: you would sell low and buy high (spread −0.434% now, against its 7-day average of −0.011%). If the spread goes back, that is −$42 on $10k: about 39 hours of funding at the current rate (+$26 a day). The two prices were read 93 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	Extended SNDK_24_5-USD	1,789.5	0.0032	pay 0.0004% / 1h	48m 02s	$421K	$1.6M	10x
Short	edgeX SNDKUSDC	1,781.7	0.0902	get 0.0451% / 4h	3h 48m	$566K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.434%Rate

Funding earned: $182.65
Price spread: −0.434% → −0.011%: −$42.34
Slippage, 4 orders: −$17.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $109.29
Costs to cover: 0.310%
Break-even: 2.8 days

Slippage from Extended: live order book, just now; edgeX: live order book, 26 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 Extended live order book, just now	1.85 bp	7.3 bp −$7	14.3 bp −$143	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	5.04 bp	9.6 bp −$10	11.3 bp −$113	46.7 bp −$4,667	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	1,786.4	−0.173%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.4	−0.117%	$21.8M	$45.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.4	−0.063%	$286.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.4	−0.006%	$32.3M	$100.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	−0.028%	$86.7M	$838.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.2	−0.073%	$182.9M	$232.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.7	−0.043%	$48.5M	$168.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.302%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,782.4	−0.399%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.8	−0.374%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,786.8	−0.148%	$758	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.1	−0.023%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.7	−0.102%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.2	−0.070%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,787.7	−0.100%	$2.2M	$20.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,787.7	−0.100%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,783.1	−0.355%	$821	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.3	−0.009%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.9	−0.035%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,789.5	long leg	$421K	$1.6M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.585%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.332%	$299K	$1.6M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,788.4	−0.062%	$355K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.9	−0.091%	—	$674K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787.5	−0.111%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,783.8	−0.318%	$4.7M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.1	−0.078%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.3	−0.069%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.2	−0.184%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.1	−0.079%	$1K	—	10x	as long as short
Bullet SNDK-USD	+0.0089%	1h	1,788.3	−0.070%	$14K	$291K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,787.4	−0.117%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.4	−0.117%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.5	−0.334%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.7	−0.157%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.7	−0.270%	$442K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0138%	1h	1,788.9	−0.033%	$115.0M	$150.1M	10x	as long as short
SoDEX SNDK-USD	+0.0629%	1h	1,787.1	−0.137%	$730K	$521K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,788.8	−0.037%	$130K	$389K	20x	as long as short
edgeX SNDKUSDCshort	+0.0902%	4h	1,781.7	−0.434%	$566K	$354K	10x