Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.004%

Price spread now: Aevo against Bybit−0.041%49s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.041% cheaper against Bybit than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 41 hours of funding at the current rate (+$2 a day). The two prices were read 49 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	Bybit SNDKUSDT	1,769.2	0	get 0.0000% / 8h	2h 07m	$31.6M	$105.7M	100x
Short	Aevo SNDK-PERP	1,768.5	0.0080	get 0.0010% / 1h	7m 29s	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.041%Rate

Funding earned: $16.8
Price spread: −0.041% → 0.000%: −$4.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$14.33
Costs to cover: 0.270%
Break-even: 13.0 days

Slippage unknown: Bybit: live order book, 2 min ago; Aevo: no order-book sample. 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 Bybit live order book, 2 min ago	1.10 bp	11.1 bp −$11	13.3 bp −$133	42.5 bp −$4,248	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	1,768.5	−0.041%	$4.1M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.6	−0.036%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.7	−0.029%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,769	−0.011%	$2.2M	$22.0M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0004%	1h	1,768.8	−0.025%	$49K	$230K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.1	−0.004%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.7	−0.030%	$286.6M	$1.90B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,769.2	long leg	$31.6M	$105.7M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.7	−0.029%	$87.7M	$846.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.6	+0.021%	$162K	$1.8M	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	1,768.8	−0.026%	$183.3M	$245.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,768.8	−0.024%	$49.5M	$171.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769.6	+0.019%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.5	−0.039%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.7	−0.029%	$14K	$295K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.1	−0.062%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.5	−0.042%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.7	−0.028%	$2.8M	$948K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,769.3	+0.004%	$753	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.6	+0.024%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.4	+0.010%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.1	−0.005%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.737%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.3	+0.059%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0044%	1h	1,768.6	−0.037%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.8	−0.024%	$244K	$680K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.1	−0.007%	$111.9M	$151.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.1	−0.007%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.7	−0.029%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,768.7	−0.032%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.9	−0.075%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,768.9	−0.015%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.3	+0.005%	$129K	$415K	20x	as long as short
Nado SNDK-PERP	+0.0073%	1h	1,768.9	−0.016%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERPshort	+0.0080%	1h	1,768.5	−0.041%	$1K	—	10x
Pacifica SNDK	+0.0100%	1h	1,769	−0.014%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.6	−0.035%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	+0.015%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.3	−0.055%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0788%	4h	1,768.5	−0.042%	$562K	$354K	10x	as long as short