Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h +0.097%

Price spread now: edgeX against Popdex+0.058%119s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$270.268% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.530%+$53 on $10k

Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.058%, 7d avg −0.009%

Together, before fees+0.292%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.068% dearer against Popdex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 119 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	Popdex SNDKUSDT	1,784.6	0.0048	pay 0.0006% / 1h	47m 40s	$245K	$645K	20x
Short	edgeX SNDKUSDC	1,785.6	0.0374	get 0.0187% / 4h	1h 47m	$567K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $68.38
Price spread: +0.058% → −0.009%: $6.78
Slippage, 4 orders: −$11.36
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $48.4
Costs to cover: 0.268%
Break-even: 2.0 days

Slippage from Popdex: live order book, 16 min ago; edgeX: live order book, 16 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 Popdex live order book, 16 min ago	0.56 bp	3.8 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell edgeX live order book, 16 min ago	5.07 bp	9.6 bp −$10	11.4 bp −$114	46.3 bp −$4,628	doesn't fit

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	−0.0153%	1h	1,785.4	+0.044%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.106%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0066%	1h	1,785.2	+0.034%	$4.9M	$20.3M	10x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,786.2	+0.090%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.4	−0.012%	$1.5M	$15.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.6	+0.056%	$21.8M	$37.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.8	+0.012%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	+0.027%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785	+0.022%	$85.4M	$821.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,785.9	+0.074%	$170K	$1.8M	20x	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	1,784.8	+0.010%	$180.1M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.7	+0.004%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	+0.049%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.067%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	+0.035%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.6	+0.001%	$858	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.7	+0.008%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.3	+0.036%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.1	+0.082%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0010%	1h	1,784.8	+0.011%	$114.4M	$145.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	+0.076%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.8	+0.066%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.6	+0.054%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.7	+0.063%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.861%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.3	−0.015%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.1	+0.029%	—	$581K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,784.6	long leg	$245K	$645K	20x
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.7	+0.007%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.8	+0.011%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.5	+0.048%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.7	+0.006%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,785.6	+0.057%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.9	+0.017%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,784.9	+0.017%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785	+0.022%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.089%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.8	+0.013%	$8K	$3K	20x	as long as short
edgeX SNDKUSDCshort	+0.0374%	4h	1,785.6	+0.058%	$567K	$352K	10x