Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.009%

Price spread now: Injective against Bybit+0.848%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.848% dearer against Bybit than usual: you sell high and buy low: +$85 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,784.8	0	get 0.0000% / 8h	7h 35m	$32.0M	$100.5M	100x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	35m 24s	$36	$9K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.848%Rate

Funding earned: $7
Price spread: +0.848% → 0.000%: $84.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $80.81
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; Injective: 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, 4 min ago	0.17 bp	8.6 bp −$9	10.4 bp −$104	38.1 bp −$3,809	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	1,787	+0.120%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0120%	1h	1,784.3	−0.027%	$50K	$313K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.9	+0.059%	$21.8M	$45.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.7	−0.005%	$285.1M	$1.84B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,784.8	long leg	$32.0M	$100.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,783.9	−0.052%	$86.2M	$833.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.9	+0.002%	$183.0M	$234.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,783.8	−0.057%	$47.4M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	+0.031%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.7	+0.106%	$10K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,786.5	+0.094%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.4	−0.024%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,782.5	−0.131%	$1K	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	+0.096%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786	+0.064%	$2.8M	$1.0M	50x	as long as short
Nado SNDK-PERP	+0.0001%	1h	1,786.3	+0.082%	$347K	$1.4M	10x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,785.6	+0.044%	$2.1M	$20.1M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,786.7	+0.106%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,787	+0.121%	$683	$37K	5x	as long as short
edgeX SNDKUSDC	+0.0026%	4h	1,786.9	+0.118%	$567K	$354K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.3	+0.140%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.7	+0.108%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.2	−0.034%	$430K	$1.6M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+0.848%	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,785.7	+0.052%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.9	+0.004%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.5	+0.038%	$245K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,784.7	−0.007%	$114.7M	$147.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785.9	+0.061%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.9	+0.004%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.3	+0.082%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.9	+0.061%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.7	−0.062%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786	+0.065%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	+0.059%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.5	+0.150%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.5	−0.020%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,787.1	+0.127%	$442K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0147%	1h	1,783.8	−0.060%	$729K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0662%	1h	1,784.8	−0.003%	$130K	$378K	20x	as long as short