Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: Bybit against Arcus+0.086%7-day average +0.080% · 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−$31as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.086%, 7d avg +0.080%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,761.7	0.0040	pay 0.0005% / 1h	39m 22s	$254K	$1.5M	10x
Short	Bybit SNDKUSDT	1,763.2	0	get 0.0000% / 8h	39m 22s	$31.8M	$103.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$8.46
Price spread: +0.086% → +0.080%: $0.66
Slippage, 4 orders: −$15.93
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.22
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Bybit: live order book, 5 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 Arcus live order book, 5 min ago	0.48 bp	4.5 bp −$4	12.2 bp −$122	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.77 bp	7.7 bp −$8	10.4 bp −$104	33.5 bp −$3,347	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	−0.0283%	8h	1,762.8	+0.064%	$48.4M	$166.2M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,764.1	+0.137%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0018%	1h	1,763.1	+0.080%	$329K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0017%	8h	1,761.7	+0.002%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762	+0.019%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763	+0.078%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.7	+0.061%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,763.2	+0.086%	$31.8M	$103.7M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.3	+0.094%	$82.4M	$834.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.5	+0.106%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.6	+0.052%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,763.8	+0.123%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.6	+0.113%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.1	+0.082%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.1	+0.084%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.8	+0.065%	$698	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.8	+0.067%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.2	+0.028%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.5	+0.048%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,762.8	+0.065%	$674	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,761.1	−0.032%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.4	+0.100%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.7	+0.057%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.4	+0.041%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.175%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,761.7	long leg	$254K	$1.5M	10x
Popdex SNDKUSDT	+0.0048%	1h	1,762.8	+0.065%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.7	+0.060%	$119.4M	$159.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	+0.043%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.6	−0.003%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.6	+0.053%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.5	+0.049%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763.2	+0.088%	$1.4M	$5.2M	5x	as long as short
edgeX SNDKUSDC	+0.0058%	4h	1,763.6	+0.111%	$560K	$350K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.7	+0.060%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.5	+0.046%	$198K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764	+0.136%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.3	+0.039%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.044%	$429K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,763.3	+0.096%	$127K	$340K	20x	as long as short