Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.003%

Price spread now: Bybit against Aevo+0.032%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

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—needs both histories

The price spread pays, funding is against you. Bybit is 0.032% dearer against Aevo than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SNDK-PERP	1,778.9	0.0080	pay 0.0010% / 1h	47m 17s	$1K	—	10x
Short	Bybit SNDKUSDT	1,779.5	0	get 0.0000% / 8h	47m 17s	$31.9M	$105.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$16.8
Price spread: +0.032% → 0.000%: $3.24
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.56
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.81 bp	7.2 bp −$7	9.6 bp −$96	34.1 bp −$3,414	doesn't fit

Aevo: 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
BloFin SNDK-USDT	−0.0120%	8h	1,779.3	+0.021%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0041%	1h	1,778	−0.051%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.9	0.000%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.4	+0.029%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.2	+0.015%	$284.6M	$1.88B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,779.5	+0.032%	$31.9M	$105.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.5	+0.033%	$87.4M	$845.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779	+0.003%	$184.3M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.3	+0.019%	$49.7M	$170.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.9	−0.060%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.2	+0.018%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	−0.012%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.1	+0.013%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.9	−0.002%	$895	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	−0.001%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.5	+0.032%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,778.4	−0.029%	$703	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780	+0.062%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.4	+0.028%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	−0.016%	$410K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.183%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.7	−0.015%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.8	−0.009%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	−0.022%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779	+0.005%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779	+0.005%	$113.3M	$151.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779	+0.005%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.3	+0.021%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.1	+0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	+0.010%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERPlong	+0.0080%	1h	1,778.9	long leg	$1K	—	10x
Deribit SNDK_USDC-PERPETUAL	+0.0082%	1h	1,779.4	+0.026%	$50K	$276K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	+0.027%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.9	−0.001%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.3	−0.033%	$6.0M	$22.3M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.5	−0.022%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778	−0.050%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0184%	1h	1,780.2	+0.072%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0195%	1h	1,778.9	+0.001%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.8	+0.050%	$129K	$407K	20x	as long as short