Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.116%

Price spread now: edgeX against SunX−0.020%46s7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs+$35as 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−$830.834% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.186%+$119 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.020%, 7d avg +0.038%

Together, before fees+1.307%+ Points / potential airdropedgeX: Active · farm board+$131 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.058% cheaper against SunX than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.038%). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+1.186% in total) that is about 8 hours. The two prices were read 46 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	SunX SNDK-USDT	1,761.5	0	get 0.0000% / 8h	1h 51m	$875	$3.5M	20x
Short	edgeX SNDKUSDC	1,761.1	0.0148	get 0.0074% / 4h	1h 51m	$559K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $31.11
Price spread: −0.020% → +0.038%: −$5.85
Slippage, 4 orders: −$66.35
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$58.09
Costs to cover: 0.834%
Break-even: 20.1 days

Slippage from SunX: live order book, 7 min ago; edgeX: live order book, 57 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 SunX live order book, 7 min ago	28.06 bp	32.1 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell edgeX live order book, 57 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	−0.0247%	8h	1,761.8	+0.020%	$47.3M	$165.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762	+0.029%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.4	−0.002%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.8	−0.036%	$1.4M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.1	+0.036%	$21.5M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.4	−0.006%	$279.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.6	+0.010%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.8	+0.019%	$82.2M	$833.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	+0.038%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.4	−0.007%	$176.6M	$230.2M	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	1,761.3	−0.009%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.6	+0.065%	$12K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	−0.015%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.5	+0.002%	$14K	$286K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,761.5	long leg	$875	$3.5M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.2	−0.018%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.4	−0.005%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.4	−0.007%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,763.3	+0.103%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.2	−0.131%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.5	+0.001%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.5	−0.052%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.185%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.1	−0.019%	$255K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,762.7	+0.071%	$327K	$1.5M	10x	as long as short
Lighter SNDK	+0.0048%	1h	1,762.2	+0.043%	$1.8M	$16.2M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.8	+0.019%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.3	−0.010%	$118.6M	$158.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.8	+0.019%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.8	−0.038%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.1	−0.024%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761	−0.029%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.3	−0.010%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761	−0.027%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.5	−0.001%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	+0.055%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.6	−0.052%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.269%	$432K	$2.3M	10x	as long as short
edgeX SNDKUSDCshort	+0.0148%	4h	1,761.1	−0.020%	$559K	$352K	10x
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,761.9	+0.025%	$127K	$347K	20x	as long as short