Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: RISEx against Bybit+0.107%65s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.243% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.107%, 7d avg −0.002%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.109% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 65 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	1,761.5	0	get 0.0000% / 8h	1h 15m	$31.7M	$103.4M	100x
Short	RISEx SNDK/USDC	1,763.4	0	get 0.0000% / 1h	15m 37s	$121K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → −0.002%: $10.94
Slippage, 4 orders: −$7.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$13.41
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; RISEx: 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, 3 min ago	0.11 bp	7.7 bp −$8	10.3 bp −$103	28.4 bp −$2,836	doesn't fit
Sell RISEx live order book, 3 min ago	1.19 bp	4.2 bp −$4	5.4 bp −$54	doesn't fit	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	−0.0308%	8h	1,762.1	+0.031%	$48.3M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.1	+0.089%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.9	−0.037%	$1.4M	$10.2M	10x	as long as short
KuCoin SNDKUSDTM	−0.0002%	8h	1,762.1	+0.031%	$6.0M	$22.2M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.2	+0.040%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.3	−0.013%	$279.6M	$1.87B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,761.5	long leg	$31.7M	$103.4M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.4	−0.007%	$82.3M	$836.4M	75x	as long as short
RISEx SNDK/USDCshort	0.0000%	1h	1,763.4	+0.107%	$121K	$1.6M	20x
Gate SNDK_USDT	0.0000%	8h	1,761.7	+0.010%	$177.3M	$231.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.9	+0.023%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.7	+0.121%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.8	+0.129%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.4	+0.049%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.4	+0.052%	$932	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.8	+0.016%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.7	+0.065%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.6	+0.060%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.1	+0.091%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,760.3	−0.067%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0026%	1h	1,761.9	+0.023%	$326K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.3	+0.042%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.8	−0.042%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.182%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,763.1	+0.088%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762	+0.028%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	+0.005%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.9	+0.022%	$118.7M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	+0.050%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.3	−0.012%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.4	+0.047%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.3	−0.010%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.5	−0.001%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762	+0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	+0.018%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.4	+0.109%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.9	+0.022%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.031%	$431K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0186%	4h	1,763.5	+0.114%	$560K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,762.6	+0.059%	$127K	$345K	20x	as long as short