Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0720%/8h= +78.8% APRpaid last 24h +0.115%

Price spread now: edgeX against QFEX−0.002%57s7-day average +0.005% · you buy dearer than you sell

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−$320.323% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.606%+$61 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.002%, 7d avg +0.005%

Together, before fees+0.621%+ Points / potential airdropedgeX: Active · farm board+$62 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate. The two prices were read 57 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	QFEX SNDK-USD	1,790.2	−0.0033	get 0.0004% / 1h	5m 52s	$1.4M	$13.0M	10x
Short	edgeX SNDKUSDC	1,790.1	0.0687	get 0.0344% / 4h	5m 52s	$569K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against QFEX. 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 QFEXbpFee edgeXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $151.17
Price spread: −0.002% → +0.005%: −$0.73
Slippage, 4 orders: −$13.3
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $118.14
Costs to cover: 0.323%
Break-even: 1.5 days

Slippage from QFEX: live order book, 8 min ago; edgeX: live order book, 53 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 QFEX live order book, 8 min ago	0.62 bp	6.2 bp −$6	6.3 bp −$63	11.3 bp −$1,125	doesn't fit
Sell edgeX live order book, 53 min ago	5.06 bp	9.6 bp −$10	11.1 bp −$111	47.0 bp −$4,704	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	1,790.7	+0.032%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790.6	+0.025%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0065%	1h	1,790.7	+0.032%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0039%	1h	1,790.1	−0.003%	$4.9M	$19.8M	10x	as long as short
QFEX SNDK-USDlong	−0.0033%	1h	1,790.2	long leg	$1.4M	$13.0M	10x
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,791.9	+0.094%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0020%	8h	1,789.7	−0.025%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	+0.027%	$21.8M	$35.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.1	−0.004%	$285.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.8	+0.033%	$32.8M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.2	+0.002%	$83.9M	$827.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.4	+0.071%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.2	+0.001%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.1	−0.004%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.9	−0.015%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.6	+0.025%	$14K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.3	+0.008%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.073%	$928	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.7	+0.029%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.8	−0.022%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.2	−0.001%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.7	+0.029%	$734	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.2	+0.056%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.9	+0.041%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	+0.019%	$451K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.547%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.2	−0.054%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.8	+0.033%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.2	+0.004%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.4	+0.013%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.1	−0.005%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.5	+0.019%	$118.6M	$149.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.1	−0.003%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.3	+0.005%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.6	+0.025%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.9	−0.013%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.5	+0.019%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,791.4	+0.067%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.036%	$8K	$3K	20x	as long as short
edgeX SNDKUSDCshort	+0.0687%	4h	1,790.1	−0.002%	$569K	$351K	10x