Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0279%/8h= +30.5% APRpaid last 24h +0.126%

Price spread now: edgeX against Gate+0.202%97s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs+$77as 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−$390.385% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.155%+$116 on $10k

Price spread, last 4 days (all we have)−0.383%−$38 · spread now +0.202%, 7d avg +0.003%

Together, before fees+0.773%+ Points / potential airdropedgeX: Active · farm board+$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.199% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 97 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	Gate SNDK_USDT	1,783.8	0	get 0.0000% / 8h	6h 39m	$180.5M	$231.2M	75x
Short	edgeX SNDKUSDC	1,787.4	0.0279	get 0.0139% / 4h	2h 39m	$568K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.202%Rate

Funding earned: $58.49
Price spread: +0.202% → +0.003%: $19.88
Slippage, 4 orders: −$14.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $39.87
Costs to cover: 0.385%
Break-even: 2.2 days

Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 29 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 Gate live order book, 4 min ago	0.39 bp	9.6 bp −$10	13.2 bp −$132	38.8 bp −$3,884	64.8 bp −$32.4K
Sell edgeX live order book, 29 min ago	5.06 bp	9.7 bp −$10	11.3 bp −$113	47.3 bp −$4,734	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	1,788	+0.238%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,785.8	+0.114%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,787.9	+0.232%	$278K	$193K	15x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0030%	1h	1,784.9	+0.066%	$51K	$328K	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.3	+0.142%	$1.8M	$17.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.5	+0.096%	$21.7M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,783.7	−0.006%	$286.0M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.2	+0.024%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,783.7	−0.003%	$85.7M	$829.5M	75x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,783.8	long leg	$180.5M	$231.2M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,783.8	+0.004%	$47.1M	$164.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.177%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.1	+0.241%	$22K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	+0.081%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.2	+0.026%	$856	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.9	+0.061%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.3	+0.028%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,787.3	+0.200%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,787.9	+0.233%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0009%	1h	1,783.9	+0.008%	$114.2M	$146.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.7	+0.052%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.1	+0.019%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.3	+0.031%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.908%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.6	+0.103%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.1	+0.133%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.2	+0.137%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,783.7	−0.005%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.4	+0.148%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.5	+0.039%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.3	−0.026%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.6	+0.045%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,785.9	+0.122%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,783.6	−0.007%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.8	+0.058%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.232%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.4	+0.038%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.6	+0.101%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.1	+0.019%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDCshort	+0.0279%	4h	1,787.4	+0.202%	$568K	$351K	10x