Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0529%/8h= +58.0% APRpaid last 24h +0.086%

Price spread now: edgeX against Orderly−0.196%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on edgeX

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

Funding pays, the price is against you. edgeX is 0.196% cheaper against Orderly than usual: you would sell low and buy high (spread −0.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 30 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,762	0.0100	pay 0.0100% / 8h	48m 58s	$8K	$3K	20x
Short	edgeX SNDKUSDC	1,758.5	0.0629	get 0.0315% / 4h	48m 58s	$559K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.196%Rate

Funding earned: $111.19
Price spread: −0.196% → 0.000%: −$19.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $76.57
Costs to cover: 0.150%
Break-even: 2.2 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 55 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 55 min ago	5.34 bp	9.9 bp −$10	11.7 bp −$117	46.5 bp −$4,647	doesn't fit

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 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
Bitget SNDKUSDT	−0.0322%	8h	1,762.7	+0.041%	$48.4M	$166.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.2	+0.014%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0027%	1h	1,762.3	+0.019%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0012%	8h	1,761.3	−0.040%	$6.0M	$22.4M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.2	−0.047%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.045%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763	+0.057%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.2	+0.069%	$31.8M	$103.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.8	+0.046%	$82.5M	$834.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.4	+0.026%	$120K	$1.6M	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	1,762.3	+0.016%	$177.4M	$228.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.6	−0.195%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.1	−0.164%	$10K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	−0.113%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.2	+0.011%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.3	−0.041%	$884	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.1	+0.009%	$51K	$352K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.9	−0.064%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.5	+0.031%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,761	−0.054%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,759.3	−0.150%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.1	+0.061%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.4	+0.024%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.3	+0.018%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.155%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.9	−0.174%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	−0.022%	$242K	$653K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.3	+0.018%	$119.1M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	−0.079%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.4	−0.033%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.6	−0.079%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762	+0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.2	+0.012%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.9	−0.003%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.2	+0.010%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.5	−0.140%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,762	long leg	$8K	$3K	20x
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.5	+0.026%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.7	+0.040%	$127K	$340K	20x	as long as short
edgeX SNDKUSDCshort	+0.0629%	4h	1,758.5	−0.196%	$559K	$351K	10x