Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.009%

Price spread now: Arcus against Bybit−0.039%7-day average −0.081% · 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−$23as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.039%, 7d avg −0.081%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.042% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,762.6	0	get 0.0000% / 8h	6h 18m	$31.6M	$105.5M	100x
Short	Arcus SNDK-USD	1,761.9	0.0040	get 0.0005% / 1h	18m 24s	$270K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.039%Rate

Funding earned: $8.46
Price spread: −0.039% → −0.081%: $4.21
Slippage, 4 orders: −$11.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$14.1
Costs to cover: 0.268%
Break-even: 18.7 days

Slippage from Bybit: live order book, 4 min ago; Arcus: live order book, 3 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 Bybit live order book, 4 min ago	0.03 bp	7.5 bp −$8	10.2 bp −$102	28.5 bp −$2,847	doesn't fit
Sell Arcus live order book, 3 min ago	1.05 bp	6.6 bp −$7	8.4 bp −$84	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Deribit SNDK_USDC-PERPETUAL	−0.0124%	1h	1,761.8	−0.044%	$37K	$387K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.6	+0.003%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0024%	1h	1,762.7	+0.007%	$325K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0023%	8h	1,762.9	+0.020%	$49.7M	$168.2M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.1	−0.025%	$21.5M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.5	−0.001%	$279.7M	$1.85B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,762.6	long leg	$31.6M	$105.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.3	+0.042%	$82.3M	$826.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.1	+0.030%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.6	0.000%	$181.7M	$218.8M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.5	−0.059%	$2.7M	$4.7M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,761.4	−0.066%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.2	+0.036%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.4	−0.009%	$881	$3.1M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.5	−0.062%	$1.4M	$9.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.7	+0.006%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,762.3	−0.014%	$1.5M	$9.4M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0005%	8h	1,761.7	−0.048%	$21K	$2.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,762.5	−0.004%	$673	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.5	−0.005%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.5	−0.058%	$392K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.122%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,763	+0.027%	$1.7M	$16.7M	20x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,761.9	−0.039%	$270K	$1.4M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,762.6	+0.003%	—	$569K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.9	+0.019%	$245K	$681K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.9	+0.019%	$120.1M	$155.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.2	−0.020%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.8	+0.014%	$186K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.4	−0.009%	$723K	$517K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.1	−0.024%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.8	−0.043%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.3	−0.014%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0097%	8h	1,761.2	−0.076%	$6.1M	$22.8M	20x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.1	−0.026%	$197K	$306K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	−0.008%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762	−0.032%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,764.7	+0.123%	$442K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,761.6	−0.057%	$163K	$381K	20x	as long as short
edgeX SNDKUSDC	+0.0657%	4h	1,761.9	−0.037%	$560K	$339K	10x	as long as short