Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0984%/8h= +107.7% APRpaid last 24h +0.106%

Price spread now: edgeX against RISEx−0.131%55s7-day average −0.032% · 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−$270.273% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.553%+$55 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.131%, 7d avg −0.032%

Together, before fees+0.702%+ Points / potential airdropedgeX: Active · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.099% cheaper against RISEx than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.032%). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$30 a day). The two prices were read 55 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	RISEx SNDK/USDC	1,769.3	0	get 0.0000% / 1h	7m 58s	$121K	$1.6M	20x
Short	edgeX SNDKUSDC	1,766.9	0.0984	get 0.0492% / 4h	2h 07m	$561K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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 RISExbpFee edgeXbpOrdersPrice spread, now −0.131%Rate

Funding earned: $206.64
Price spread: −0.131% → −0.032%: −$9.9
Slippage, 4 orders: −$12.26
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $169.48
Costs to cover: 0.273%
Break-even: 1.3 days

Slippage from RISEx: live order book, 1 min ago; edgeX: live order book, 41 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 RISEx live order book, 1 min ago	1.02 bp	4.0 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit
Sell edgeX live order book, 41 min ago	5.06 bp	9.7 bp −$10	11.3 bp −$113	46.2 bp −$4,621	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
Bitget SNDKUSDT	−0.0284%	8h	1,768.3	−0.055%	$47.2M	$164.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,767.5	−0.099%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0029%	8h	1,767.8	−0.082%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.7	−0.087%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769	−0.016%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.7	−0.029%	$280.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.7	−0.034%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.6	−0.037%	$82.3M	$834.7M	75x	as long as short
RISEx SNDK/USDClong	0.0000%	1h	1,769.3	long leg	$121K	$1.6M	20x
Gate SNDK_USDT	0.0000%	8h	1,768	−0.069%	$176.6M	$231.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	−0.106%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.078%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.105%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.9	−0.077%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.7	−0.086%	$790	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.1	−0.068%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.9	−0.079%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768	−0.073%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0009%	1h	1,768.1	−0.064%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,766.3	−0.170%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,766.3	−0.170%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	−0.071%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.4	−0.049%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.9	−0.076%	$445K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.736%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.190%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	−0.054%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.9	−0.077%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.5	−0.156%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767	−0.127%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768	−0.073%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.031%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.050%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.1	−0.006%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.6	−0.092%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0083%	1h	1,768.1	−0.063%	$723K	$520K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	−0.049%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.6	−0.092%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,768.5	−0.041%	$127K	$347K	20x	as long as short
edgeX SNDKUSDCshort	+0.0984%	4h	1,766.9	−0.131%	$561K	$351K	10x